Oil companies support Prosafe merger – but authorities say no

Equinor, Aker BP and Total all see the advantages of a merger between Prosafe and Floatel. Each company is fragile on its own, according to a response that ShippingWatch has read via a right of access to documents. Norwegian authorities have rejected the merger.

Photo: Nerijus Adomaitis/Reuters/Ritzau Scanpix

BY NIKLAS KRIGSLUND

Several major oil companies in Norway see advantages of a merger between the two hotel rig companies Prosafe and Floatel.

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Prosafe's merger with competitor rejected by Norwegian regulators
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Prosafe has spent millions on merger still pending approval
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British authorities worried about Prosafe merger
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