Nov 10, 2010
Norway oil output falls faster than expected-Petoro
Oil production off Norway is falling faster than expected and energy companies are not investing enough to boost recovery from maturing fields, the state-owned firm Petoro said on Wednesday.
"Output is falling faster than expected," Petoro CEO Kjell Pedersen said in a statement as the company published its third-quarter results.
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Source: Reuters
Category:
Offshore and Energy
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