News on Norway.

Banks' scrapping initiative extends to drilling rigs

The Responsible Ship Recycling Standards initiative, backed by several large banks, updates standards and expands to include offshore structures such as drilling rigs. More banks have also joined, reports FinansWatch Norway.

Ineos divests Norwegian oil business

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.

Norwegian employee at DNV GL accused of Russian espionage

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.

Kleven yard gets a new owner and changes name

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.

Kvaerner sees signs of stronger second quarter

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.

Norwegian shipyard hit by cyber attack

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.

OSM Maritime takes over operation of 37 ships from Jebsen

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.

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