Oil price rout claims first major stock market victim in Norway's Dolphin Group

The collapse of oil prices has claimed its first bankruptcy victim in Norway’s offshore industry, and analysts warn more may follow.

Dolphin Group, a seismic surveyor that maps the sea bed for oil and gas reservoirs, became the first Oslo-listed company in the industry to file for bankruptcy earlier this week.

One of its competitors, Polarcus, is in talks on restructuring debt.