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Nerijus Adomaitis

With contracts canceled and debts mounting, offshore oil drillers face another shakeout

24 Jun 2020

DENVER/OSLO The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in energy prices that likely will leave surviving drillers more closely tied to big oil firms.

Norway's Hod oilfield revamp to cost $596 million, Aker BP says

24 Jun 2020

OSLO Aker BP will invest an estimated 5.7 billion crowns ($596 million/£477.2 million) to redevelop the Hod oilfield in the North Sea, with output to resume in the first quarter of 2022, the Oslo-listed company said on Wednesday.

Norway plans big expansion of Arctic oil exploration

24 Jun 2020

OSLO Norway is planning a major expansion of oil exploration in the Arctic, despite commitments to tackling global warming and opposition from environmental groups.

RPT-With contracts canceled and debts mounting, offshore oil drillers face another shakeout

24 Jun 2020

DENVER/OSLO, June 24 The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in energy prices that likely will leave surviving drillers more closely tied to big oil firms.

UPDATE 2-Norway's Aker BioMarine to raise $225 mln ahead of listing

19 Jun 2020

OSLO, June 19 Norway's Aker BioMarine plans to raise 2.15 billion Norwegian crowns ($225 million) in a private share sale valuing it at 8 billion crowns, followed by a listing of the company's stock, its owners Aker ASA and Aker Capital said on Friday.

Norway says its salmon did not cause virus at Beijing market

17 Jun 2020

OSLO Chinese and Norwegian authorities have concluded salmon from Norway was not the source of the coronavirus found on cutting boards at a Beijing wholesale food market, Norway's fisheries and seafood minister said on Wednesday.

China halts European salmon imports over suspected link to virus outbreak

15 Jun 2020

OSLO/LONDON China has halted imports from European salmon suppliers amid fears they might be linked to a coronavirus outbreak at a Beijing market, although experts say the fish itself is unlikely to carry the disease.

UPDATE 2-Norwegian oil firms finally agree offshore development plan

11 Jun 2020

OSLO, June 11 Equinor and Aker BP have struck a deal to bring one of Norway's largest remaining offshore oil and gas fields online after years of wrangling over the development strategy and costs.

Norway parliament grants more tax relief to oil sector

08 Jun 2020

OSLO Norway's parliament has agreed additional tax breaks for the oil industry on top of those proposed by the minority government to spur investment and protect jobs, the ruling Conservative Party said on Monday.

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