The great decline in the oil price that took place during 2014 has wreaked havoc in the oil industry - and Atlantic Petroleum has been no exception.
The small Faroese oil company experienced a financially wretched first quarter and is forced to lower its expectations for 2015. A more serious matter is that the company is taking precautions for its future status and closing an office.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.