NEWS

Shipping & Offshore

Wallenius Wilhelmsen Acquires Keen Transport

Business

Category: Accounting / Financial

WWL ASA acquires Keen Transport, Inc. and becomes clear market leader in US High & Heavy Equipment Processing space  Oslo, Norway, December 07th 2017 – Wallenius Wilhelmsen Logistics ASA has signed an agreement to acquire 100% of the shares in Keen Transport, Inc. from Platinum Equity for USD 64 million. Keen operates 14 High & […]

Source: 2wglobal


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Arctic Oil Rush Abates in Norway After Exploration Letdown

Business

Category: Energy

Oil exploration in Norway’s Arctic seems to have lost some of its appeal after a disappointing drilling campaign. Only 11 companies applied for exploration licenses in the latest round — the nation’s 24th — which focused heavily on the Barents Sea, the Petroleum and Energy Ministry said in a statement on its website on Tuesday. That’s down […]

Source: Bloomberg


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Statoil Greenlights Key $6 Billion Norway Arctic Oil Project

Business

Category: Energy

Statoil ASA gave the final go-ahead to a flagship Arctic oil project after slashing costs by half. While expected, the move by Norway’s biggest oil company is a boost to a region seen as key to arresting a decline in the country’s production. In a striking illustration of how oil companies have adapted to lower prices, […]

Source: Bloomberg


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Norway Oil Bosses Insist End Isn’t Nigh After $35 Billion Shock

Business

Category: Energy

Can Norway dump $35 billion in oil and gas investments, and simultaneously convince that same industry to throw money into the country’s own fossil-fuel future? After the initial shock of learning that Norway’s $1 trillion wealth fund wants nothing to do with it, the petroleum industry says both are in fact possible.  But the mood is shifting. […]

Source: Bloomberg


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Norway’s first platform to be remote-operated from land

Business

Category: Energy

On Thursday 9 November, the opening of the Valemon control room was celebrated at Sandsli in Bergen. Valemon will be the first platform in Statoil’s portfolio to be remote-controlled from land. “This is a vital milestone for Statoil. We have had land-based surveillance and control of offshore operations for a long time, however, the remote […]

Source: Statoil


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