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Nerijus Adomaitis

UPDATE 1-Seismic surveyor TGS keeps upbeat market outlook as shares drop

01 Nov 2018

OSLO, Nov 1 Oslo-listed seismic surveyor TGS fell more than 10 percent after reporting disappointing third-quarter results on Thursday, as oil firms were still too cautious to spend despite a raft of upbeat earnings.

UK, Norway agree right to remain for their citizens after Brexit

30 Oct 2018

OSLO British citizens already living in Norway and Norwegian citizens living in Britain will have the right to remain residents, even in case of a no-deal Brexit, the prime ministers of Britain and Norway said on Tuesday.

UPDATE 2-Equinor cuts capex spending as Q3 profit slightly lags forecasts

25 Oct 2018

OSLO, Oct 25 Equinor will reduce its capital expenditure as a result of significant cost cuts in recent years, the company said on Thursday as it reported a slightly smaller than expected increase in third-quarter profit.

Oil service recovery forecasts lift Europe's Saipem and Aker

24 Oct 2018

MILAN/OSLO Major European oil service groups Saipem and Aker Solutions gave investors in the struggling sector a rare ray of hope on Wednesday by signaling signs of recovery.

UPDATE 1-Oil platform builder Kvaerner eyes growth, mergers as profits decline

23 Oct 2018

* Graphic on earnings, margins: https://tmsnrt.rs/2NZosP0 (Adds CEO quotes, details, graph, pix)

Oil service company Solstad seeks creditor talks, shares fall

22 Oct 2018

OSLO Oil service company Solstad Offshore is seeking negotiations with creditors and other stakeholders to boost liquidity ahead of the slow winter season, the company said on Monday, sending its shares down around 20 percent.

Exclusive: U.S. asks for WTO panel over metals tariff retaliation

19 Oct 2018

WASHINGTON/OSLO The United States is requesting that a World Trade Organization dispute resolution panel get involved in a clash over international retaliation over U.S. tariffs on steel and aluminium, according to a U.S. official familiar with the matter.

After Denmark, Norway's Noreco eyes acquisitions in Britain

18 Oct 2018

OSLO Norwegian Energy Company (Noreco) plans to acquire offshore assets on Britain's continental shelf in 2019, following its purchase of Shell's upstream oil and gas licenses in Denmark, its chairman told Reuters on Thursday.

Shell sells Danish upstream assets to Norwegian Energy in $1.9 billion deal

17 Oct 2018

OSLO Royal Dutch Shell has agreed to sell its Danish upstream business to Norwegian Energy (Noreco) in a deal valuing the assets at $1.9 billion, as part of its wider divestment strategy, the company said on Wednesday.

Congolese doctor, Yazidi activist, champions in fight against rape in war, win Nobel Peace Prize

05 Oct 2018

BUKAVU, Democratic Republic of Congo/CAMBRIDGE, Massachusetts/OSLO Denis Mukwege, a doctor who helps victims of sexual violence in the Democratic Republic of Congo, and Nadia Murad, a Yazidi rights activist and survivor of sexual slavery by Islamic State, won the 2018 Nobel Peace Prize on Friday. | Video

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