Sunday, January 18, 2015

In the United States sharply reduced the number of working oil platforms – Finansy.rf

In the United States sharply reduced the number of working oil platforms – Finansy.rf

Low oil prices lead to a lack of economic viability of extracting raw materials where high cost

The number of working platforms and rigs for oil in the US mid-January 1366 was – compared to the beginning Dec. industry was not counted 209 operating facilities. Only this week a decrease of this indicator was 55 – pace the US oil industry has never declined on record since 1987.

The current situation with oil prices leads to the use of cost-saving measures: the world’s largest oilfield services company Schlumberger American thinking about the dismissal of 9,000 employees, or about 7% of the staff of the corporation.

Low oil prices also lead to a lack of economic viability of extracting raw materials where high costs. Predictably, the Minister for European Affairs of Norway Vidar Helgesen said that “the oil in the future will not be the driver of growth of the Norwegian economy.” In this Scandinavian country are hoping that cheapened by nearly 20% Norwegian krone will make non-oil exports from Norway more competitive in the global market. Meanwhile, investments in the oil and gas sector of the Norwegian economy has shown a drop of 15% compared with a year earlier.

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