From the Wall Street Journal:
After long delays and cost overruns, Italian oil company Eni SpA has started to pump oil from the world’s most northern offshore platform, Goliat, which is located in the Arctic about 50 miles from Norway’s northern coast.
A spokesman for Eni said Sunday that the company started pumping oil on Saturday night, after receiving the final go-ahead from the Norwegian government.
Eni’s plans to begin pumping from Goliat were already two years behind schedule and well over budget when they hit another snag last December, as Norwegian regulators requested more information about safety and other issues before giving the green light.
