Total to dismiss one in four employees in Norway
Total plans to say goodbye to around a quarter of its staff at the main office in Norway in order to streamline the organization.
ShippingWatch
A part ofWatch Medier
Total plans to say goodbye to around a quarter of its staff at the main office in Norway in order to streamline the organization.
Several Norwegian banks, including DNB, are open to the possibility of exchanging debts for ownership stakes in offshore shipping lines struggling with their liquidity. Last resort is taking over vessels.
Through its Norwegian branch, Semco Maritime has won the task of preparing the West Bollsta platform for drilling ten new wells.
2019 was probably the last year to feature a true oil boom in Norway, writes DNB Markets in a new report. After 2020, the bank expects negative development in the scale of investments.
Oil company Aker BP set an output record in the fourth quarter, with oil volumes increasing considerably compared to the preceding quarter. A new massive Norwegian field contributed to the improvement.
The Danish transportation and logistics company is opening an office in Guyana to benefit from a developing oil market, where Blue Water has collaborated for a few years with ExxonMobil, which has drilled into a big deposit in the country's waters.
Oil companies are talking about going greener, but so far their investments in green energy leave much to be desired, concludes a new report from the International Energy Agency.
Fleet utilization took a big dive for Prosafe in the fourth quarter compared to the year before, shows a fleet update in which the company also informs that it has sold a vessel as scrap.
Germany's Schulte Group establishes a new investment platform that will build a mixed portfolio of shipping assets.
Norwegian Aker BP has prolonged its contract with Maersk Drilling concerning jack-up rig Maersk Integrator.
Northern Offshore Group enters cooperation deal with NYK Line. According to CEO, the partnership will be used as a steppingstone to further efforts.
Christian W. Berg, former chief executive of Viking Supply Ships, has been tasked with turning a deficit into a profit at Danish offshore shipping company Wilson Offshore, known as A1 Offshore until recently. "I'm optimistic," he says to ShippingWatch.
BW Offshore is ready to send subsidiary BW Energy onto the Oslo Stock Exchange during the first quarter of the year. BW valuates the company at up to USD 800 million.
Maersk Drilling has now signed final contracts with Total in Angola and Namibia at a total value exceeding USD 46 million.
The oil company has had to realize that it may have been too optimistic about its assessment of the Alta discovery in the Barents Sea.
Shipping company A1 Offshore changes its name, and the company also gets a new chairman and places all its ships under management. The current CEO steps down.
Maersk Drilling has signed a contract for a drilling vessel in Colombia with an estimated value of more than USD 18 million.
Rig operator Transocean has bagged large contracts in early 2020. The rig sector has received several positive news in recent months after a tough 2019.
The Norwegian oil company pays USD 188 million to Chinese firm COSL. The two parties have reached an accord on a legal battle lasting years and which began with a tragic event.
Brazil's Petrobras has decided to avoid the Strait of Hormuz in light of the current conflict between the US and Iran.
E&P company Premier Oil acquires North Sea assets from British oil firm BP.
Drilling firm Borr Drilling has found its new chief financial officer, who will start later in January and comes with 30 years' experience from Schlumberger.
Shipowner Seaspan Corporation and Swiber Holdings now terminate an investment agreement, which would have injected USD 200 million in capital into the crisis-stricken offshore company.
More offshore service operators are in a state of crisis, and a part of the solution is more consolidation, says René Kofod-Olsen, CEO of DP World subsidiary P&O Maritime Logistics. "We'll look into this wherever it makes sense," he tells ShippingWatch in an interview.
Emissions from Norwegian oil and gas extraction must be reduced by 40 percent toward 2030, which will cost NOK 50 billion. Toward 2050, Equinor plans to achieve carbon neutrality by electrifying its fields.
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