Norwegian offshore ship operator DOF summons its bondholders to a meeting to postpone payments. Meanwhile, a major shareholder of subsidiary DOF Subsea says it is ready to inject millions of dollars into the company.
Offshore has traditionally accounted for most of Norwegian state export bank GIEK's activities. But the offshore portfolio has dwindled in recent years, and the trend will probably continue, CEO Wenche Nistad tells ShippingWatch.
Norwegian company Standard Drilling continues its acquisition spree buying used supply vessels at low prices, with its latest investment in a newly established company which has purchased two used PSV vessels for USD 11.7 million.
Offshore supplier Aker Solutions took a big hit in the third quarter, and the company sees the challenging Norwegian oil service market continue in spite of a more stable oil price. Aker Solutions thus points to a bigger growth potential outside Norway.
Olympic Shipping, controlled by Norwegian businessman Stig Remøy, has been granted an extension on its deal with creditors and now has until Friday to find a solution to the company's problems. Remøy has previously rejected a takeover by Kjell Inge Røkke and his Aker Group.
More than 300 oil workers have been temporarily laid off during a strike by Norwegian union Industri Energi, which has now lasted a week. The lay-offs relate to companies Baker Hughes, Schlumberger and Halliburton, writes Norwegian media.