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Thursday, June 4, 2026

Tag: offshore

Giant Statoil deals help secure jobs

Norway's three largest offshore companies won contracts worth nearly NOK 12 billion from state oil company Statoil on Thursday that can create as many...

Offshore giant aims to refloat fortunes

Seadrill, controlled since its founding by Norwegian shipping magnate John Fredriksen, aimed to be the world's largest offshore offshore drilling contractor. It was already burdened with...

Fredriksen scrambles to save Seadrill

Norwegian shipowner and industrial tycoon John Fredriksen, long listed as one of the wealthiest men in the world, says he's working 18 hours a...

Statoil invests in oil field upgrades

Norway's state oil company Statoil announced this week that it will be investing nearly NOK 20 billion (USD 2.35 billion) to extend the lifetimes...

Exxon the latest to sell off oil fields

ExxonMobil has become the latest international oil major to cut back on its Norwegian operations, after announcing an agreement Wednesday to sell the Balder...

Statoil makes more big investments in Sverdrup

Norwegian oil company Statoil was busy handing out more large contracts this week, and raising spirits in the still-sluggish oil and offshore industry. This time...

Kværner wins huge Statoil contract

A contract for upgrading Statoil's Njord A platform was being formally awarded to the Kværner Stord yard on Norway's West Coast on Friday. The contract is...

Aker Solutions sale report downplayed

Stock in Norwegian oil services company Aker Solutions soared on Tuesday after a local newspaper reported that it was about to be sold to US-based Halliburton....

Offshore crisis led to major merger

Norway will soon be able to claim a giant in the offshore shipping industry, after Norwegian tycoons Kjell Inge Røkke and John Fredriksen announced a...

Rolls-Royce cutting staff again

Rolls-Royce's marine division in Norway has offered all 1,650 of its employees severance pay packages if they volunteer to give up their jobs. It's...
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