Oil service companies think one lavpriskur can be good, if it does not last too long. Industry Minister Monica Mæland (H) provided.
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An oil as Wednesday dipped below 50 dollars a barrel formed a dark backdrop for Industry Minister Monica Mæland annual meeting with suppliers of oil and gas.
– When the price drops so dramatically that 50 percent of three- four months so it leads to a restructuring. It is painful because it happens so suddenly, but I think in the long term is healthy with a restructuring, assuming that the exchange rate moves up again, says Ingvild Sæther, who is CEO of Teekay Shipping Norway.
Industry Minister himself look not only clouds in the sky.
– The picture is not all doom and gloom, but there are grounds for concern. There comes a restructuring that has been notified and necessary. But it feels hard and brutal to some, says Mæland. She stressed the need for Norway develops more legs to stand on.
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