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Norway Warns Oil Companies Against ‘Unacceptable’ Project Delays

Screen Shot 2014-02-13 at 00.32.08Extract from an article by

Norway, western Europe’s biggest oil and gas producer, warned companies that “unacceptable” delays to offshore projects risk damaging the goodwill they currently enjoy from the government. Oil companies from Statoil ASA (STL) to Royal Dutch Shell Plc (RDSA) are cutting investment plans as they grapple with rising costs and falling returns amid stagnating energy prices.

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