Suppliers to North Sea offshore in standstill

All the heavy industries serving as suppliers to the North Sea oil production are noting declining production. The number of vessel and rig newbuildings are plummeting, according to new data.

Photo: Greenpeace

Industrial output in Norway increased 0.1 percent in June, according to numbers from the country's statistical bureau, Statistisk Sentralbyrå.

This increase comes on the heels of a significant 2.1 percent decline the month before. Furthermore, the improvement follows a 2.1 percent slide in the industrial output from the first to the second quarter, reports Norwegian business daily Dagens Næringsliv.

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