The Lonely Oil Giant That’s Saving Norway’s Crude Production

(Bloomberg) — The giant Johan Sverdrup oil field is coming to the rescue of Norway’s oil industry — again.The improbable mega-project in the North Sea, years after the oil province’s heyday, already provided a lifeline to engineers and platform builders starved for work during a historic slump in the crude market. That was evident during a visit to the project this week as some of the more than 500 workers on the facility zip by on the scooters used to cut travel time between the four connected platforms.Now that it’s started producing, Equinor ASA’s flagship project is showing what it …read more

Source:: Yahoo Finance