Pressure on profits forces oil majors to the banks

The world's major energy companies, such as Dutch Shell, are forced to either divest assets or go to the bank, as their profits from regular operations are under pressure, according to several media.

The first half of 2014 could have been better for the world's major oil and gas companies. Declining profits have forced many of the companies to slow down their investment programs, and this has in turn hurt the subcontractors.

And with an oil price that does not seem to be going anywhere - even though numerous dramatic events around the world could seem to hint at increasing prices - several of the world's largest energy companies are forced to look for money elsewhere, according to Norwegian newspaper Dagens Næringsliv.

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