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 Bear Island 's Goliat field that only started last year . The Norwegian Castberg field, which is close to the Goliat field, is licensed to Statoil, and would also need to consider disconnection procedures. 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 one . Arne Kvitrud, an ice expert working for Norway's Petroleum Safety Authority, said the threat from icebergs and sea ice is low, but real. Economists at Goliat 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 Bear Island 's Goliat field that only started last year . The Norwegian Castberg field, which is close to the Goliat field, is licensed to Statoil, and would also need to consider disconnection procedures. 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 one . Economists at Goliat 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".