Low oil prices and high cost makes the cut is absolutely necessary to continue operations in the future. But oil companies can thank themselves for that bang that now comes, becomes as big, mean Saltvedt.
– The oil industry has spent money like drunken sailors. It’s easy to say afterwards, but now the party is over and they have to clean up, she says to Dagbladet.
Friday wrote Dagens Næringsliv that Statoil will remove further 2,000 jobs in addition to previous cuts.
– This says something about how big the pressure is on the oil industry. The main one has, is the staff. To cut in employees is therefore the absolute last one does. It also says something about the expectations of the industry, said Saltvedt.
Oil analyst Christopher Dahlberg in Sparebank 1 Markets also believes that oil companies have spent a lot of money irresponsibly. It was possible because oil prices were high and profitability very good, he explains. But now there are other bowls. Even if oil prices go up again, costs remain at current levels, he said.
– There must be made more efficient, and it is undoubtedly a tough restructuring period. Man is afraid that more jobs are lost. I fear it will get worse before it gets better, he says. (© NTB)
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