Media: Offshore carriers ditch Equinor contracts
Equinor pays so little to offshore shipping companies that some of them prefer to have their ships berthed rather than working for the partially state-owned oil company, says the industry. The matter is now being addressed politically in Norway.
by SIMON VALEUR
The oil downturn that began in 2014 has eased its grip on large parts of the Norwegian oil sector, and the newfound optimism is reflected in the results of players such as Equinor, which booked a profit of USD 7.5 billion last year, corresponding to an increase of 64 percent compared to the previous year.
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