It could damage risers or other structures, he said in a statement. Norwegian regulators are warning that oil and gas installations could be forced to disconnect rigs because of ice flows from the Barents Sea, which would impact production in Norway's Goliat field that only started last year. The Arctic is warming twice as fast as global average temperatures, according to a new study published by scientists at the University of Bergen on Wednesday. This comes as analysts are highlighting concerns that with oil prices still around $50, Norway is in danger of a recession that could drive its benchmark interest rates, already at a record low, to zero. Economists at Handelsbanken have stated that the "Norwegian economy will now experience a deeper downturn than during the financial crisis, with output expected to stay below its potential for longer than it did last time".
Norwegian regulators are warning that oil and gas installations could be forced to disconnect rigs because of ice flows from the Barents Sea, which would impact production in Norway's Goliat field that only started last year. The Arctic is warming twice as fast as global average temperatures, according to a new study published by scientists at the University of Bergen on Wednesday. This comes as analysts are highlighting concerns that with oil prices still around $50, Norway is in danger of a recession that could drive its benchmark interest rates, already at a record low, to zero. Economists at Handelsbanken have stated that the "Norwegian economy will now experience a deeper downturn than during the financial crisis, with output expected to stay below its potential for longer than it did last time".