News on Norway.
Norwegian Oil and Energy Minister Tina Bru says that ammonia will be set on equal footing as an energy source in the country's new strategy to develop hydrogen. This could be interesting to shipping, which is looking for new energy types.
Maritime businesses in Norway are now really starting to hire again following the crisis in 2014. Last year Norway's maritime sector accounted for the biggest increase in number of job postings, reports Sysla.
A Croatian industrial group has agreed with ferry operator Hurtigruten to acquire yard Kleven Verft. This happens shortly after the yard's CFO told Norwegian media that the company was about to get a new owner.
According to Dagens Næringsliv, Norwegian shipyard Kleven is close to getting a new owner. An announcement could come within the very near future, CFO tells the newspaper.
Norwegian shipowner Georg Eide has been charged by the country's financial police in a case concerning illegal scrapping, reports Norwegian media.
Norway gets a new minister of petroleum and energy as part of a government reshuffle. According to the prime minister, the new oil minister could contribute to taking debates on the field to a higher level.
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The Norwegian Oil and Gas Association expects oil investments on the Norwegian shelf to peak next year. Afterward, the level of investment will drop toward 2024.
Norwegian oil wages are increasing again, and for engineers and other workers organized under Tekna, the average is approaching NOK 1 million annually. A growing climate awareness among Norwegians is one of the reasons.
The Norwegian government is now opening up to allowing ships to be flagged in two ship registers at the same time. The purpose is to ensure that fewer ships flag out of Norway permanently, says minister.
A weak Norwegian krone hits well company Archer with a foreign exchange loss of USD 23.4 million. The bottom line also reveals a major deficit for the company, which is controlled by John Fredriksen.
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One of the most important people in John Fredriksen's empire is leaving the group. Since 2009, Harald Thorstein has been part of Fredriksen's private management company Seatankers Management, which handles all the group's investments.
Norwegian oil service company Kvaerner finished the third quarter of the year with an improved revenue and a bottom line that was more than doubled. However, the company expects a slower 2020.
Industry insiders in the Norwegian oil sector warn that pay levels are increasing, fearing a return to past times of runaway prices and wages. "Very concerning," says director.
Revenue in the Norwegian oil service sector increased last year for the first time since 2014. But the peak level seen in 2014 is still far off, concludes a new report.
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The Norwegian sovereign wealth fund wants to trim its organization by dismissing 100 personnel by late 2022, corresponding to one in six employees.
Norway's sovereign wealth fund gets the go-ahead to sell oil and gas stocks for a value of close to USD 6 billion after a two-year process that has seen an initial proposal to offload all its oil investments be reduced to what amounts to a smaller investment.
Vår Energi's acquisition of ExxonMobil's oil fields will be far from the latest example of acquisitions on the Norwegian shelf, projects consulting firm PwC to Norwegian media.
The producer of the helicopter that crashed off Norwegian island Turøy in 2016, Airbus, says it has pinpointed the technical error leading to the fatal accident, Sysla writes. Aside from that, the company refers to the conclusions of the crash report.
Willingness to invest in the Norwegian continental shelf in 2020 seems to be increasing, show new figures from Statistics Norway. On the long term, things look different, deems investment bank DNB Markets.
The number of Norwegian seafarers working on Norwegian ships has increased slightly compared to last year, but the number has gone down when comparing to the year before that. The development pleases Norway's minister of trade.
Norway's trillion-dollar wealth fund's much-publicized selloff of oil shares could now turn out to be so small that it hardly makes a difference.
Friday could turn into a major strike if the unions for Norwegian employees on a number of rigs do not reach an agreement with the Norwegian Shipowners' Association. The strike will affect a total of 1,586 employees, writes media.
Oil major Exxonmobil's plans to sell off its Norwegian business could lead to the biggest sale on the Norwegian Shelf since 2006, according to Wood Mackenzie. The analyst firm points mainly to North Sea players as obvious buyers of the large portfolio.
A new executive, found internally, will take over as CEO of family-owned shipping company Kristian Gerhard Jebsen Skipsrederi. Jan Pedersen steps down after serving for 26 years.
With a new plan of action, the Norwegian government will work to reduce the emission of greenhouse gases from the country's shipping sector by 50 percent already in 2030 – two decades before the target set by the IMO comes into force. But the plan includes too few concrete initiatives, say critics according to Sysla.
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