Norway
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Europe
Farstad sells PSV at a $0.9m loss
Farstad Supply has sold its platform supply vessel (PSV) to an unnamed buyer, which took delivery of the vessel today.…
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Europe
Aker Solutions downsizes its MMO business in Norway
Offshore engineering company Aker Solutions is reducing its modification, maintenance and operations (MMO) business in Norway from four regional units…
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Asia
Seadrill delays drillship pair at DSME
John Fredriksen’s Seadrill has come to an agreement with Korean yard DSME to defer the delivery of two ultra-deepwater drillships.…
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Europe
Siem Shipping names new CEO
Kenneth Ross will succeed Simon Stevens as CEO of Oslo-listed Siem Shipping Inc, which owns and operates refrigerated vessels Ross…
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Europe
Nor-Shipping: ‘Fantastic opportunities for the bold’
Birgit Liodden has not hung around in the six months since taking the reins of one of the most iconic…
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Europe
Odfjell Drilling chops workforce by 230
Norway’s Odfjell Drilling has confirmed it is cutting its workforce by a further 230, having reduced its workforce by 800…
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Europe
Transocean cleared after 11-year Norwegian tax battle
Norwegian authorities have finally dropped a planned appeal in a tax fraud case it lost against Transocean in 2014. The…
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Europe
Statoil takes 11.93% stake in Lundin Petroleum
Norway’s Statoil has taken up a 11.93% stake in Swedish oil exploration and production firm Lundin Petroleum. Statoil acquired over…
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Europe
British Antarctic Survey extends charter with GC Rieber Shipping
Norway’s GC Rieber Shipping has announced that British Antarctic Survey (BAS) has declared its third option for a one-year extension…
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Europe
Navig8 Product Tankers gets $128.5m loan for LR1 newbuildings
Navig8 Product Tankers has agreed a $128.5m secured loan from Credit Agricole Corporate and Investment Bank (CACIB) and BNP Paribas,…
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Europe
Aker agrees new American Shipping Company TRS scheme
The Aker Group’s subsidiary Aker Capital II has entered into a total return swap agreement with DNB Markets, part of…
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Europe
Frontline Management CFO buys more FRO shares
Inger M. Klem, Frontline Management’s CFO, has increased her share in Frontline Ltd (FRO) to 900,000 shares by buying some…
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Europe
DeepOcean lets go of 90 staff
Norwegian subsea specialist DeepOcean is to let go of 90 staff as it fights the downturn in oil prices, which…
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Environment
Bergen asks OSVs to move out in bid to fight record pollution
In Bergen you can practically taste the depression in the offshore industry. The number of laid up OSVs has helped…
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Europe
Skuld: Quality concerns
Oslo: As the depression in shipping continues into 2016, the quality of the global fleet is likely to come under…
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Europe
Golar LNG buys back shares from total return swap scheme
Golar LNG has bought back 500,000 shares from its total return swap (TRS) agreement, reducing its holding under the programme…
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Europe
Wilhelmsen Group names Christian Berg as new CFO
Christian Berg is to join Wilh. Wilhelmsen Holding as its new CFO in April, succeeding Nils P Dyvik, who plans…
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Europe
Norway planned F-16 attack to stop drifting barge headed for Valhall
Norwegian authorities considered deploying an F-16 aircraft to destroy a barge that had broken from its moorings in the vicinity…
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Europe
Havila Shipping takes urgent steps to provide ‘sufficient liquidity buffer’
Struggling Oslo-listed Havila Shipping has entered into an agreement with its secured and unsecured bank lenders to reduce amortisation for…
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Europe
Prosafe rig adrift in the North Sea with 33 onboard
Rough seas and storms in the North Sea have caused a Prosafe-owned semi-submersible accommodation vessel to come adrift while under…
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