News on North Sea.

Noreco returns with big plans for the North Sea

siri dong energy olie gas-2020773804038395847.jpg Offshore:

A few years ago, Norway's Noreco faced potential bankruptcy. Today, things have turned around after the company emerged victorious in a Danish insurance claims case. Noreco will now invests large sums on the British and Danish North Sea shelves, reports Dagens Næringsliv.

New Danish North Sea deal settled

Maersk_Drilling _Nordsøen1.jpg Offshore:

The companies operating in the North Sea, including Maersk Oil, and a majority in the Danish parliament have agreed on a new deal for oil extraction in the North Sea. Maersk Oil is pleased with the agreement, which according to the company enables a full redevelopment of the Tyra gas field, which was otherwise facing closure.

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