A part of Watch Media

ShippingWatchThursday2 February 2023

  • Search
  • Log in
  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Search
  • Log in
  • Latest
  • Search
  • Log in
  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Offshore
  • Ports
21/12/2015at 14:58

Noreco unloads Norway unit in clearance sale

Norwegian offshore unit Noreco has for a long time been balancing on the verge of bankrupty. Djerv is now acquiring the group's Norwegian business in what can best be described as a clearance sale.
Photo: Magnus Holm, Polfoto
BY MAZ PLECHINGER, ENERGIWATCH

It is the end of the road for Noreco Noway. In a corporate statement, parent group Norwegian Energy Company informs that it is selling Noreco Norway along with all accompanying licenses, organization and staff to company Djerv Energy. The only thing not included in the sale to Djerv is the 4.36 percent stake in oil field Enoch on the border between the British and Norwegian North Sea. This stake is sold to CapeOmega.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters

Get full access for you and your coworkers

Start a free company trial today

Related articles:

  • Offshore company Dolphin to file for bankruptcy

    For subscribers

  • Struggling Noreco fires CEO

  • Photo: Farstad Shipping

    Farstad could be forced to slash employees in 2016

    For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Foto: DSV
Logistics

DSV books a much improved 2022 result – but a new reality now awaits

Danish logistics firm DSV delivered strong top- and bottom-line progress last year, but the company sets the stage for a very different 2023.
  • Carriers confirm downturn: Party came to a halt in the fall
  • CEO confirms: Carriers affected by crowded inventories and concerned consumers

For subscribers

Foto: Christian Charisius/AP/Ritzau Scanpix
Container

European carrier orders 12 methanol vessels at Korean yard

For subscribers

Wärtsilä's financial loss after the Russian exit has been felt in all corners of the business, says head of marine systems Tamara de Gruyter. | Foto: Wärtsilä
Suppliers

Wärtsilä had to abandon valuable projects after departure from Russia

For subscribers

Foto: PR / Bunker Holding
Container

Dan-Bunkering has millions tied up in collapsed British shipping company

Anders Holch-Povlsen er storaktionær i webshoppen Asos, som har indgået et stort samarbejde om transport med Maersk. | Foto: Jens Dresling/Ritzau Scanpix
Logistics

Maersk becomes logistics partner for Asos

For subscribers

Logistics

Freight forwarder acquires the very last jumbo jet from Boeing

Further reading

Foto: Pr/transocean
Offshore

Drilling rig company awarded with USD 392m deal for deepwater drillship

Transocean inks 910-days contract on deepwater drilling off Brazilian coast. Contract is worth USD 392m.

For subscribers

Foto: World Marine Offshore
Offshore

US carriers considered investing in bankrupt Danish operator

According to legal documents, US carriers contemplated buying into newly bankrupt offshore operator World Marine Offshore, whose insolvency administrator is currently looking for a buyer.

For subscribers

"We are currently reviewing a few transactions within the platform supply vessels sector and anchor handling segments and I hope we can conclude some business within the first six months of this year", says Head of Shipping with HCOB Jan-Philipp Rohr. | Foto: Hcob
Offshore

Energy crisis prompts strategy changes: German bank commits to offshore financing

Germany’s urgent need for new energy suppliers prompts Hamburg Commercial Bank to return to fossil investments after having rid its portfolio of oil and gas loan deals.

For subscribers

Latest news

  • DSV books a much improved 2022 result – but a new reality now awaits – 08:53
  • European carrier orders 12 methanol vessels at Korean yard – 1 Feb
  • Dan-Bunkering has millions tied up in collapsed British shipping company – 1 Feb
  • Carriers scrapped 292 vessels on South Asian beaches last year – 1 Feb
  • Maersk becomes logistics partner for Asos – 1 Feb
  • Wärtsilä had to abandon valuable projects after departure from Russia – 1 Feb
  • Freight forwarder acquires the very last jumbo jet from Boeing – 1 Feb
  • Dof board wants shareholders to rapidly approve rescue plan – 1 Feb
  • Carriers move tonnage from weakened China to especially two other routes – 1 Feb
  • Drilling rig company awarded with USD 392m deal for deepwater drillship – 1 Feb
See all

Jobs

  • Chartering Manager for Lauritzen Bulkers A/S

  • Financial Controller for International Shipping Company

  • Senior Financial Controller

  • Senior Lead, Human Sustainability at Sea

  • Foundation Package Manager - Offshore wind industry

  • Junior Finance Business Partner - offshore wind industry

  • Copenhagen Shipping Company is hiring a skilled cargo broker

  • Fleet Manager

Jobs

  • Chartering Manager for Lauritzen Bulkers A/S

  • Financial Controller for International Shipping Company

  • Senior Financial Controller

  • Senior Lead, Human Sustainability at Sea

  • Foundation Package Manager - Offshore wind industry

  • Junior Finance Business Partner - offshore wind industry

  • Copenhagen Shipping Company is hiring a skilled cargo broker

  • Fleet Manager

See all jobs

Colophon

ShippingWatch
Search

Sections

  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Offshore
  • Ports
  • Sitemap
  • RSS feeds

Editor

Tomas Kristiansen

tk@shippingwatch.dk

Tel.: +45 3330 8360

Editor-in-chief

Anders Heering

Publisher

JP/Politiken Media Group Ltd

Advertising

annoncering@infowatch.dk

Tel.: +45 7077 7445

Advertising

Job Advertising

job@infowatch.dk

Tel.: +45 7077 7445

Jobs

Subscription

Try ShippingWatch or get an offer for a subscription meeting the exact needs of you or your company.

shippingwatch@infowatch.dk

Tel.: +45 7077 7445

Learn more about subscriptions here

Address

ShippingWatch

Rådhuspladsen 37

1785 Copenhagen K, Denmark

Tel.: +45 3330 8360

Guidelines

  • Privacy Policy

Copyright © ShippingWatch — All rights reserved

Microsoft is in the process of discontinuing Internet Explorer – and so are we.
For a better experience, we recommend using one of the following browsers.

Kind regards,
ShippingWatch

Google ChromeMozilla FirefoxMicrosoft Edge