ShippingWatch

Statoil: The oil industry faces painful changes

CEO of Statoil, Helge Lund, expects that many of expensive Norwegian oil workers in the North Sea will be replaced robots and machines. The oil industry is facing painful changes, writes Helge Lund in an article in Norwegian newspaper Dagens Næringsliv.

Photo: Trond Isaksen

A sizeable part of the Norwegian oil- and offshore workers could, over time, be replaced by robots, says the Head of Norwegian Industry, Stein Lier Hansen, who has voiced this opinion in the Financial Times. The CEO of Statoin, Helge Lund (photo) does not disagree.

“It’s an interesting perspective. The level of costs in Norway is pushing the industrial activity toward increased competence and new technology. Automation is a part of this perspective,” says Helge Lund to the newspaper. In an article in the newspaper on Tuesday, September 18th, Helge Lund writes that the Norwegian as well as the international oil-and offshore industry are facing painful changes, to avoid losing turf to low-wage countries. And increasing expenses, in particular, are a cause for concern in Norway.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Related articles

Latest news

See all jobs