Norwegian suppliers: Statoil is too powerful
Statoil has become too powerful a company and is pressuring subcontractors into continuously lowering prices on contracts, says a Norwegian supplier, according to Sysla.no, stressing the need to scrutinize the power of the oil major.
by DANIEL LOGAN
Norwegian subcontractors to the offshore industry are highly dependent on Statoil, and the oil major increasingly exploits this power to pressure suppliers into accepting ever-declining prices on contracts in the weak market, says the organization Maritimt Forum in comments to media Sysla.no, while urging politicians to examine Statoil's position of power.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Statoil names its top pick for chairman
For subscribers
Norway to accelerate oil drillings in the Barents Sea
For subscribers
Kvaerner CEO weighs acquisitions
For subscribers
