Statoil's Oseberg A Offshore Gas Platform

Statoil's Oseberg A Offshore Gas Platform

Kristian Helgesen/Bloomberg

Structures stand on the Oseberg A offshore gas platform operated by Statoil ASA in the North Sea 140kms from Bergen, Norway. Statoil, Norway’s biggest crude producer, said last month it would cut planned investments by 8 percent over the next three years as the stagnant price of oil weighs on cash flow.