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Photo: Hasan Jamali/AP/Polfoto

Kuwait oil minister confident OPEC output deal will last

Offshore:

Kuwait is confident that the output reduction deal agreed on by OPEC will be honored, says the country's oil minister Essam Al Marzouk.


BY RITZAU FINANS
Published 10.01.17 at 11:17

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Most read Offshore

Søren Skou: IPOs most likely solution for Maersk Energy

Søren Skou maersk line kapitalmarkedsdag.jpg Offshore:

Maersk Group CEO Søren Skou says in an interview with Bloomberg TV during the Davos summit that he thinks the most likely scenario for the group's energy business is an IPO. Søren Skou also projects increasing global trade.

Aker said to weigh sale of Norwegian offshore-engineering firm

Offshore:

Norway's Kjell Inge Røkke and his Aker group are allegedly weighing a sale of offshore-engineering business Aker Solutions. The company is discussing various options with potential adviser Goldman Sachs, sources say.

Major oil companies have lost interest in Norway

Offshore:

Statoil will be the operator or partner in approximately 70 percent of exploration wells on the Norwegian North Sea shelf in 2017, and in some instances the Norwegian oil company is struggling to find partners, report Norwegian media.

Liquid oil and gas discoveries at lowest level since the 1940s

Offshore:

The oil companies' discoveries of new liquid oil and gas resources have declined 90 percent since 2010 and are now hovering at the lowest level since the 1940s, according to Rystad Energy. The Norwegian shelf in particular has disappointed in 2015 and 2016.

Aker Solutions must fire hundreds of employees

Offshore:

Norwegian oil and gas company Aker Solutions, which delivers products, services, and systems to the oil and gas industry, must cut 650 jobs globally. Job wills primarily be cut in Norway, the UK, and India, report several media.

Aker BP launches comprehensive new strategy

Offshore:

Newly established oil and gas giant Aker BP wants to be the biggest on the Norwegian shelf when it comes to exploring for new oil. Meanwhile, shareholders have been promised annual dividends of USD 250 million, which will be increased when Johan Sverdrup begins production.

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Hapag-Lloyd executes its UASC redundancy plan

rolfhabbenjansen1.jpg Container:

Hapag-Lloyd has launched the process to streamline UASC and execute its redundancy plan. Rumors are circulating at the soon-to-be former HQ of the Arabic container carrier in Dubai. ShippingWatch can present the new regional manager who will effectively replace UASC CEO Jørn Hinge.

Growing speculation about new billion-dollar acquisition of container carrier

Container:

The price for one of the container industry's well-run carriers, Orient Overseas in Hong Kong, is at least USD 4.7 billion, says Alphaliner. The shares in the carrier rose again on Wednesday.

Søren Skou: IPOs most likely solution for Maersk Energy

Offshore:

Maersk Group CEO Søren Skou says in an interview with Bloomberg TV during the Davos summit that he thinks the most likely scenario for the group's energy business is an IPO. Søren Skou also projects increasing global trade.

Thorco Bulk expands with more recruitments

Carriers:

Thornico group's dry bulk carrier Thorco Bulk has built up enough revenue after just six months that it will now expand by hiring more employees. The carrier will gain its own CFO, says Managing Director Marc Slinger to ShippingWatch.

Dutch shipbuilder raided by tax authority

Suppliers:

Damen Shipyard, the largest shipbuilding group in the Netherlands, was subjected to a dawn raid this week by the country's tax authority. According to several media reports, the raid is part of investigations into a case related to corruption and bribes.

Icelandic seafarers: Eimskip deal secures jobs in Iceland

Carriers:

Iceland Seaman's Union believes a new deal with Eimskip now secures employment for members. The crews on board the carrier's vessels will be the focus of attention among Danish navigators when Eimskip and Royal Arctic Line launch their partnership in the North Atlantic.

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