After making another oil and gas discovery in the North Sea, thanks to drilling activities one of Odfjell Drilling’s sixth-generation semi-submersible rigs carried out off the coast of Norway, Equinor, a Norwegian state-owned energy giant, has emphasized that the development of this discovery does not meet its profitability criteria in the current price environment.
The post New oil & gas find in North Sea ends up ‘not profitable’ due to price headwinds appeared first on Offshore Energy.