The firms behind the Corrib gas field may have lost out on an estimated €38m in revenues in the third quarter as a result of odourless gas getting into the gas network and a scheduled downtime.

Statoil, Norway’s biggest oil company, deepened investment cuts and offered to pay dividends in stock as it pledged to maintain shareholder payouts even as a collapse in crude prices eroded earnings.

A worker on a Norwegian drilling rig in the North Sea has died after the platform was hit by a huge wave.