Nordea Sees Tough Years Ahead in Norway’s Oil Services Industry
OSLO, Jan 26 (Reuters) – Subcontractors to the oil industry, including supply vessel owners, seismic shippers and rig firms, will continue to face
OSLO, Jan 26 (Reuters) – Subcontractors to the oil industry, including supply vessel owners, seismic shippers and rig firms, will continue to face
By Mikael Holter (Bloomberg) — Cost cuts are painful, but for Norway’s oil industry making every penny count has also yielded a surprising
Maersk Oil plans to reduce its workforce in Denmark by approximately 160 positions as part of a plan to simplify the organization, the company said this week.
International helicopter manufacturer Sikorsky is requiring all operators of its S92A helicopters to undertake a mandatory inspection of
By Mikael Holter (Bloomberg) — The man overseeing energy policy in western Europe’s biggest oil-producing nation says the worst downturn in the
Dec 14 (Reuters) – Oilfield services company John Wood Group Plc’s CFO David Kemp said on Wednesday that the company showed modest recovery in some
By Mikael Holter (Bloomberg) — The offshore fleet tending to Norway’s oil industry, already sailing through the worst downturn in a generation, is
By Mikael Holter (Bloomberg) — As oil majors are considering exiting Norway, the government is warning them that they could still be on the hook for
By Ed Stoddard CAPE TOWN, Nov 7 (Reuters) – Somalia looks more likely to strike oil than gas in its long pursuit of offshore riches, making it easier for
By Ron Bousso LONDON, Sept 14 (Reuters) – Maersk Oil, a unit of Danish conglomerate A.P. Moller-Maersk, has agreed to sell stakes in three North Sea
By Amanda Cooper LONDON, Sept 13 (Reuters) – The global oil market will show a surplus into next year, as an abrupt deterioration in demand growth meets
By David Wainer (Bloomberg) — Israel’s Energy Minister Yuval Steinitz is out to persuade big energy explorers put off by years of regulatory turmoil to
by Polly Toynbee (TheGuardian) M/V Malaviya Twenty has been moored in Great Yarmouth docks since December. To look at, it’s no rustbucket, kept in good shape
By Stine Jacobsen STAVANGER, Norway, Aug 30 (Reuters) – Restructuring the debt of struggling offshore oil service vessel (OSV) and drilling rig companies
By Liam Denning (Bloomberg Gadfly) — Big Oil just doesn’t seem to be as enamored with the ‘big’ thing as it once was. Another major
By Mikael Holter and Rakteem Katakey (Bloomberg) — Crude markets will continue to be plagued by volatility in the short and medium term after suffering
by David Yong & Denise Wee (Bloomberg) Singaporean companies struggling to meet debt obligations as oil prices slump may get more support from the
By Dmitry Zhdannikov MOSCOW, Aug 11 (Reuters) – Oil markets will begin to tighten in the second half of 2016 but at a slow pace as global demand growth
By David Yong and Andrea Tan (Bloomberg) — Singapore’s offshore oil services companies and marine engineering firms are leaving it too late to
By Rakteem Katakey (Bloomberg) — The pace of North Sea oil-field shutdowns is picking up as the impact of the market slump is compounded by the uncertain
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