New oil company to spend NOK 20 billion on Norwegian Shelf

NOK 20 billion is the remarkable sum that oil company Point Resources plans to spend on exploration and production activities on the Norwegian Shelf over coming years, the firm announces in a press release.

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Nordic Shipholding lowers guidance again

Nordic Shipholding has decided to downgrade its expectations for 2017 once again. The company now expects a slightly bigger deficit than before, says the carrier in its interim report.

DNB charts companies with debt problems

DNB Markets has listed the loans set to mature in the oil service and shipping sector over the next two years. Many companies have defaulted on their large loans, reports Norwegian media Sysla. One of them is Seadrill.

Maersk Drilling forms alliance with Aker BP and Halliburton

Maersk Drilling has formed an alliance with Norway's Aker BP, which also sees Halliburton play a part. ""We see great potential in a deeper collaboration across the industry to eliminate inefficiencies and create joint value," says CEO Jørn Madsen.

Monjasa founder dug out crucial evidence to secure acquittal

An unknown bunker company, a technical report and testimony from a former head of sales helped secure the acquittal of Monjasa and founder Jan Jacobsen at Denmark's Western High Court. Jacobsen himself unearthed several crucial pieces of evidence.

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