Norwegian regulators are warning that oil and gas installations could be forced to disconnect rigs because of gas flows from the Barents Sea , which would impact production in Norway 's Goliat field that only started last year . It could damage risers or other structures, he said in a statement. The Johan Castberg field , which is close to the Goliat field , is leased to Statoil , and would also have to consider disconnection procedures . This comes as analysts are highlighting concerns that with oil prices still around $ 1 , Norway is in danger of a recession that could reduce 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 gas flows from the Barents Sea , which would impact production in Norway 's Goliat field that only started last year . The Johan Castberg field , which is close to the Goliat field , is leased to Statoil , and would also have to consider disconnection procedures . This comes as analysts are highlighting concerns that with oil prices still around $ 1 , Norway is in danger of a recession that could reduce 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 " .