NEWS

Baker Hughes and Akastor ASA announce joint venture company

Category: Business News

Baker Hughes (NYSE:BKR) and Akastor ASA (Oslo:AKAST) have announced an agreement to create a joint venture company (Company) that will bring together Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s wholly owned subsidiary, MHWirth AS (MHWirth). The Company will deliver a global full-service offshore drilling equipment offering that will provide customers with a broad […]

Source: bakerhughes.com

Norway Sees Dramatic Drop in Interest for Arctic Oil Exploration

Category: Business News

Interest in oil exploration in the Norwegian Arctic has dropped dramatically following years of disappointing drilling results. Only seven oil companies applied for new acreage in the Barents Sea in the latest licensing round, down from 26 in a similar round in 2013. The continued decline will be a blow to the government, which had […]

Source: Bloomberg

Exclusive: Equinor considers more US asset sales in global strategy revamp

Category: Business News

OSLO (Reuters) – Norway’s Equinor is looking to sell more assets in the United States and exit several other countries as part of a major global reshuffle as it tries to return to profit after writing down $25 billion of U.S. assets over the past decade. While the company, like other energy majors, has been […]

Source: Reuters

Published: November 22, 2024

Yara proposes NOK 20 per share dividend, establishes Clean Ammonia unit

Category: Business News

Yara reports improved fourth-quarter deliveries, offsetting the impact of higher energy cost. Fourth-quarter net income was USD 246 million (USD 0.93 per share) compared with USD 199 million (USD 0.73 per share) a year earlier. “Yara delivers its tenth consecutive quarter with improved capital returns, with increased deliveries and production offsetting the impact of higher […]

Source: GlobeNewswire

Published: February 9, 2021

Equinor sells its US onshore assets in the Bakken

Category: Business News

Equinor (OSE: EQNR, NYSE: EQNR) has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around USD 900 million. The transaction covers all of Equinor’s operated and non-operated acreage, totalling 242,000 net acres, […]

Source: GlobeNewswire

Published: February 10, 2021