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