Tag: offshore
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...
Aker Solutions cuts more jobs
Oslo-based Aker Solutions, hit hard by the slowdown in the oil and offshore industry, has announced a need to cut as many as 650...
Offshore crisis due to worsen
One of Norway's deeply troubled offshore firms, Havila Shipping, managed to avoid being put into bankruptcy on Monday, but the crisis in the offshore...
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