Seeking Alpha

Oil and gas production is shut at the Oseberg field in the North Sea after mulitple power...

Oil and gas production is shut at the Oseberg field in the North Sea after mulitple power failures yesterday, and the situation is still unstable, Statoil (STO +0.3%) says. The company plans to airlift some workers from the area out of ~700 working on the facilities during a period of high activity. Oseberg gas output today was cut by ~21M cubic meters/day.
Comments (2)
  • Herr Hansa
    , contributor
    Comments (3080) | Send Message
     
    If this evolves in a way that the Elgin Field gas leak evolved for Total (TOT), then revenues could be severely impacted at Statoil (STO).
    15 Mar 2013, 06:22 PM Reply Like
  • rv3lynn
    , contributor
    Comments (394) | Send Message
     
    Shut in. Get it right.

     

    Electrical failures are a fact of life. They will be back on production by Monday.
    16 Mar 2013, 03:11 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|