Norway is Western Europe's largest oil and gas producer due to its offshore fields

Norway is Western Europe's largest oil and gas producer due to its offshore fields

 Tom LITTLE

Norwegian energy giant Equinor said Wednesday it suffered a net loss in the third quarter as it lowered its outlook for oil prices, forcing it to write down the value of its assets.

The net loss of $210 million compared to a net profit of $2.3 billion in the same quarter last year, and was due in large part to a $754 million impairment charge on the value of its assets.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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