Eni Extends Abo FPSO Contract
BW Offshore, a provider of floating production services to the oil and gas industry, has signed an extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A.The contract is extended until end Q4 2020, with options until Q4 2021…
Ocean Yield Takes Delivery of New VLCC
Norway-based ship owning company Ocean Yield ASA has taken delivery of the very large crude carriers (VLCC) Nissos Despotiko.The vessel was delivered from the yard Hyundai Heavy Industries in South Korea and is the second in a series of four VLCCs that will be delivered to the Company in 2019.Upon delivery…
DNO Completes $400mln Bond Placement
The Norwegian oil and gas operator focused on the Middle East and the North Sea, DNO ASA said it has completed the private placement of USD 400 million of new, five-year senior unsecured bonds with a coupon rate of 8.375 percent.The bond placement received…
Höegh LNG Takes Delivery of Ninth FSRU
Bermuda-based floating liquefied natural gas (LNG) company Höegh LNG Holdings took delivery of Höegh Gannet, its ninth floating storage and regasification unit (FSRU).Höegh Gannet has regasification capacity of 1 Bcf per day and storage capacity of 170 000 cbm of LNG…
Equinor Extends Prosafe Deal
Semi-submersible firm Prosafe said that it has been offered a month extension for the Safe Boreas charter contract at the Mariner project by operator Equinor."Equinor UK Limited (formerly Statoil (UK) Limited) has exercised the first of six one-month options to extend the charter of the Safe Boreas.
Seadrill Suggests Consolidation for Drilling Market Recovery
On Tuesday, Seadrill CEO, Anton Dibowitz said consolidation of smaller offshore oil rig companies would help boost drilling market recovery in the drilling market. The statement comes a day the offshore rig firm emerged from Chapter 11 bankruptcy proceedings.
Transocean Acquires Songa Offshore
Transocean Ltd. announced today that it completed the previously announced compulsory acquisition of the remaining outstanding shares of Songa Offshore SE. All remaining shares in Songa Offshore were transferred to Transocean in accordance with the terms and conditions of the compulsory acquisition.
In Demand: Hoegh LNG’s Sveinung Stoehle
Satisfied with the recent opening of a new floating LNG import terminal in Turkey plus contract successes in Africa and Asia, Hoegh LNG CEO and president, Sveinung Stoehle, cautiously lets us into his stylish Oslo offices for a bit of “disclosure”. The Hoegh business model is winning out…
Statoil: Ex dividend, ex rights to participate in dividend issue
From 22 February 2017, the shares in Statoil (OSE: STL, NYSE: STO) at Oslo Børs (Oslo Stock Exchange) will be traded ex dividend USD 0.2201 and ex rights to participate in the dividend issue (scrip dividend programme) for third quarter 2016. From 21 February 2017…
Palfinger Plans to buy Norway's TTS Group
PALFINGER AG, a company listed on the Vienna Stock Exchange and headquartered in Bergheim/Salzburg, intends to make a takeover bid, via its subsidiary Palfinger Marine GmbH, Salzburg, for all of the shares in Norwegian Bergen-headquartered TTS Group ASA. For every share traded on the Oslo Stock Exchange…
BP, Det norske Join forces to form Aker BP
Deal creates strategic platform for long-term growth in Norway, combining Det norske’s efficient operating model with BP’s experience and technical expertise. BP and Det norske oljeselskap today announced the creation of Aker BP ASA, an independent oil and…
Aker Solutions Scoops up Own Shares
Aker Solutions ASA informs it has today purchased 130,000 of its own shares at an average price of NOK 29.8100 per share. The shares were acquired on the Oslo stock exchange as part of the company's share purchase program for employees. This gives Aker Solutions a new holding of 1,007,311 own shares.
Aker Solutions ASA: Mandatory Notification of Trade
Aker Solutions ASA today bought 70,000 own shares at an average price of NOK 24.0644 per share. The shares were acquired on the Oslo stock exchange as part of the company's share purchase program for employees. This gives Aker Solutions a new holding of 447,311 own shares
Agerup Joins Statoil's Board of Directors
In a meeting in the Corporate Assembly of Statoil ASA on August 20, 2015, Wenche Agerup was elected as a new member of Statoil's board of directors. Wenche Agerup was the Executive Vice President for Corporate Staffs and the General Counsel of Norsk Hydro ASA from 2010 to December 31, 2014.
Statoil Nominates Agerup on Board
The nomination committee in Statoil recommends that the company's corporate assembly elects Wenche Agerup as a new member of Statoil's board of directors. The nomination committee in Statoil recommends that Wenche Agerup is elected as new member of the board.
Røkke is CEO of Akastor ASA
Akastor ASA announced that its Board of Directors has appointed Kristian Røkke as its Chief Executive Officer. Mr. Røkke will succeed Frank O. Reite, who will take the position of Chief Financial Officer at Aker ASA. Kristian Røkke, who is currently Chairman of Aker Philadelphia Shipyard ASA (AKPS), a leading U.S.
Statoil Approves NOK 1.80 per Share Dividend
At the annual general meeting of shareholders of Statoil ASA held on 19 May 2015 the dividend of NOK 1.80 per share was app0roved. This is to be distributed for the fourth quarter of 2014, implying a full-year dividend of NOK 7.20 per share for 2014. The dividend accrues to the company's shareholders as of 19 May 2015.
Aker Solutions Starts Trading After Company Split
Aker Solutions today started trading on the Oslo stock exchange as a leaner and more streamlined company that will build on its strengths in the subsea and field design markets. The company emerges after a spin-off of the Subsea, Umbilicals, Engineering and Maintenance…
Norway to Retain Statoil Stake
Norway's right wing government will retain its current holding in oil and gas firm Statoil , backing off a pre-election proposal to cut the stake to about 50 percent from the current two thirds of the shares. The government led by the Conservative Prime Minister…
Statoil Approves Dividend Of NOK 7.00 Per Share
The annual general meeting of shareholders in Statoil ASA today approved a dividend of NOK 7.00 per share. The dividend accrues to the shareholders as of 14 May 2014. Statoil's shares listed on the Oslo Stock Exchange (Oslo Børs) will be traded ex-dividend as of 15 May 2014.
