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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.

Songa Offshore back in black with new rig employment

Songa Dee_20141.jpg Offshore:

Norwegian drilling rig supplier Songa Offshore delivered a positive bottom line in the third quarter, where four rigs secured employment and contributed to the business. But many rigs are still being idled in the North Sea drilling market, and 2017 will be extremely challenging, projects Songa.

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