Equipment Monitoring

Statoil ASA has shut down production at one of its sites after discovering a leak that occurred in a pipeline running under the North Sea off the coast of Norway.

A previously confidential hydraulic fracturing well has been leaking oil since Friday. The rig, owned by Denver's Emerald Oil, is one of three that the company has dubbed "Ron Burgundy."

Energy companies need to make sure that they have all of the necessary assets to prevent leaks before they occur.