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Offshore

Prosafe moving "home" to Norway

Prosafe is getting ready to move its headquarters from Cyprus to Norway, where the offshore company already has a Stavanger office. The move comes at a time when other companies are leaving Norway.

No fatal accidents in Norway's oil industry in 2018

16 months have passed since the last fatal accident in Norway, and as such, 2018 was a year without fatalities in the country's oil industry, shows the latest risk level numbers from Norway's Petroleum Safety Authority.

2019 could bring oil discoveries back to 2014 levels

35 wells are expected to be drilled and explored during 2019, which according to Rystad Energy could bring the year's discoveries back to the level seen before the oil price collapse in 2014. February already saw the highest number in more than three years.

Maersk Drilling could become an acquisition candidate

Maersk Drilling has likely moved up on the list of acquisition candidates after being publicly listed Thursday this week, even though the company pursued the listing because it was unable to find a buyer, an analyst says. The reason is tied to the share price.

Oil companies are making money like never before

Listed oil majors' free cash flows reached an all-time high last year, even though oil prices have only partly recovered after the 2014 drop, according to new analysis from Rystad Energy. Three factors have been crucial for this development.

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