BW Energy gets 700 new shareholders

BW Energy's initial public offering has been concluded with significant interest from Norwegian as well as foreign investors, writes the parent company in a notice.

Prosafe calls off merger with competitor

The merger between Prosafe and Floatel, which both lease hotel rigs in the North Sea, has been canceled. The decision comes after the transaction was met with resistance in Norway as well as the UK.

Kvaerner raises revenue by 60 percent

The Norwegian oil service firm finished 2019 with high sales and marked improvements but still dials down dividend payouts to investors. The high activity level continues into 2020, Kvaerner says.

Equinor CEO refrains from talk of binding climate targets

"We're being very careful about the terms and about committing," says Equinor CEO Eldar Sætre in an interview with ShippingWatch's sister media EnergyWatch. He emphasizes that the oil firm will need help to transition but rejects the notion of dividing up its business.

BW Energy prolongs IPO by a week

Offshore operator BW Energy is giving investors one more week to submit bids for equity shares up to the planned initial public offering. The company cites uncertain markets and declining oil prices as contributing factors behind the extension.

Total defies all expectations

Record-high oil output from fields like the recently opened Johan Sverdrup was more than sufficient to offset both low gas prices and the closing of Tyra.

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