News on Norwegian offshore sector.
Norway's Supreme Court rules 11 to 4 in favor of the state Tuesday after deciding that the issuance of Arctic oil licenses violated neither the country's own legislation on environment nor infringed upon on the health rights of residents. "We are deeply disappointed," says Greenpeace Project Leader Sune Scheller.
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.
The recently merged company sells off Norwegian gas infrastructure assets to streamline its portfolio, Wintershall DEA informs.
US-based oil supermajor ExxonMobil has entered a sales agreement worth USD 4.5 billion to sell its Norwegian upstream activities to Vår Energi, the former reveals.
Norway's Petroleum Directorate informs that there have been relatively few oil discoveries this year despite a large number of exploratory drillings. Aker BP is behind the largest find this year.
Director General of the Norwegian Petroleum Directorate Bente Nyland forecasts up to 21 new or expanded oil and gas fields by late 2021.
Only in Oslo, a majority of the Norwegians wants the country to discontinue the search for more oil and gas deposits, according to new survey.
One fourth of the entire Norwegian offshore fleet – more than 170 ships – are idled entering 2017, following a year of continuous bad news continuously from the maritime sector in Norwegian offshore.
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.
Three employees have been charged by the Norwegian financial police for insider trading ahead of a major oil discovery.
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