NEWS

Shipping & Offshore

Record High Interest in Exploration on the Norwegian Continental Shelf – APA 2017

Business

Category: Energy

Not since the APA-scheme was established in 2003 has The Norwegian Ministry of Petroleum and Energy received as many applications as it did in this year’s APA-round (Awards in Predefined Areas). At the application deadline on September 1st , a total of 39 companies had submitted applications for new acreage in the best known areas on […]

Source: Regjeringen


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DNV GL: Energy Transition Outlook

Business

Category: Automobile / Transport

At a time of uncertainty for energy stakeholders, the Energy Transition Outlook provides a balanced forecast of our energy future through to 2050, from an organization with an equal footing in fossil and renewable energy. Group President & CEO Remi Eriksen says, “Profound changes in the energy mix await us, and more than 70% of […]

Source: DNV GL


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Nabors Adds Robotic Drilling Systems

Business

Category: Accounting / Financial

The main shareholders of Robotic Drilling Systems AS (RDS) Odfjell Drilling, Statoil Technology Invest, Investinor and Westcon have entered into an agreement to sell 100 % of the RDS shares to Nabors Industries (Nabors). As part of the transaction, the largest shareholder in RDS prior to the transaction, Odfjell Drilling and Nabors have signed a […]

Source: Subsea World News


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Norwegian Petroleum Directorate releases 2017 resource report

Business

Category: Energy

The significant remaining resources in discoveries and fields make it possible to create values for the Norwegian society for many decades to come, according to the Norwegian Petroleum Directorate’s new report. Since 1990, total resources, including the estimate for undiscovered resources, have increased by more than 40%. In fact, more resources than we expected overall […]

Source: World Oil


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Oil Slump No Obstacle to 300% Return for Norwegian Driller

Business

Category: Energy

While other offshore rig operators are still struggling to survive the worst oil-market slump in a generation, one Norwegian company has managed to turn things around. Odfjell Drilling Ltd., which owns four rigs and specializes in drilling in harsh environments, has seen its stock rise almost 300 percent in the last year to trade near […]

Source: Bloomberg


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