The British group will now focus its oil business on the UK and Denmark. PGNIG takes over all the company's Norwegian assets for a price of USD 615 million. Wood Mackenzie describes the deal as a "good exit" for Ineos.
A 50-year-old Norwegian national is accused of having shared state secrets with Russia and has now been charged with espionage. He is employed by DNV GL, through which he is in contact with the defense industry, reports Dagens Næringsliv.
A Norwegian yard company has, after negotiations with liquidator and banks, taken over Kleven Verft. The plan is to continue shipbuilding operations, and the yard's former CEO, who stepped down two weeks ago, is back.
The second quarter looks set to be better than feared for Norwegian oil service company Kvaerner. Despite a big drop in the oil price during the spring, the company now expects a "significant improvement" in results.
Shipyard Vard was hit by a cyber attack at the end of May. Following the attack, employees have received a text message saying that temporary dismissals may be necessary, according to a Norwegian media.
Particularly companies with large expansion portfolios and major deficits will benefit from a new Norwegian stimulus package for the oil industry. Aker BP is among the big winners, according to analyst.
Ship management company OSM Maritime has settled a deal with Kristian Gerhard Jebsens Skibsrederi to take over operation of 37 ships. And several of the shipowner's employees will move to OSM in a newly established subsidiary in Bergen.
The Norwegian Shipowners' Association will make the country's fleet climate neutral within the next 30 years, according to a new plan. "If the industry does not take these challenges seriously now, they will grow bigger over time," says CEO Harald Solberg.
What was envisioned as a solid aid package for upwards of NOK 100 billion has been received with widespread disappointment by Norway's offshore sector. The biggest oil companies list projects that will be postponed unless the government changes the package.