Subsea 7 rumored to be in sales talks with Baker Hughes
The Oslo Stock Exchange halted trading of the Subsea 7 share on Wednesday after rumors of acquisition talks with a US-based oil service major.
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The Oslo Stock Exchange halted trading of the Subsea 7 share on Wednesday after rumors of acquisition talks with a US-based oil service major.
More than 300 oil workers have been temporarily laid off during a strike by Norwegian union Industri Energi, which has now lasted a week. The lay-offs relate to companies Baker Hughes, Schlumberger and Halliburton, writes Norwegian media.
Oil service major Baker Hughes was struck hard by the low oil price in 2015, a year in which especially the number of active rigs took a dive and put pressure on the company's business. This development looks set to continue in 2016 and the industry will need help, notes CEO.
Yet another giant contract has been awarded in relation to the Johan Sverdrup field. This time oil service group Baker Hughes has won the contract.
Endnu en milliardkontrakt er blevet uddelt i forbindelse med Johan Sverdrup-feltet. Denne gang er det olieservicekoncernen Baker Hughes, der er den heldige modtager.
A count performed by oil service company Baker Hughes shows that there were 42 fewer oil rigs actively deployed in May 2015 compared to the same month last year. This development is largely caused by the low oil price and the oil companies' investment slowdown.
En optælling fra olieserviceselskabet Baker Hughes viser, at der var hele 42 færre olierigge i arbejde i maj 2015 i forhold til samme måned sidste år. Udviklingen skyldes i høj grad den lave oliepris og olieselskabernes markante investeringsstop.
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