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Last updated on April 17, 2014 at 21:23 EDT

Latest Ayman Asfari Stories

2008-10-29 18:00:22

Oil platforms in the North Sea, built in the 1970s, are "falling apart," an industry executive told a London conference Wednesday. Ayman Asfari, chief executive of Petrofac, warned attendees at the Oil and Money Conference that the recent drop in oil prices could aggravate the situation by making less money available for repairs, the Glasgow Herald reported. Petrofac owns North Sea oil platforms and operates others for other companies. "The state of some of these assets that were built in...