Just one new Norwegian oil field is profitable

The oil prices continue to slide and if the current price level stays the same, the vast majority of new Norwegian oil fields will presumably lose money on their production. Johan Sverdrup is also facing a deficit.

BY THOMAS BO CHRISTENSEN, ENERGIWATCH

The oil price is hovering around 12-year low with a price for one barrel of Brent oil clocking in at about USD 32.

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Just one new Norwegian oil field is profitable

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Report: 2016 is the year of acquisitions in the oil industry

Oil price reaches unprofitable level for practically everyone

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

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Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

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Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

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