Norway
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Europe
IKM Subsea wins extension with “K” Line Offshore
IKM Subsea and “K” Line Offshore have reached an agreement to extend the current ROV services contracts on anchor handling…
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Dry Cargo
Belships signs sale and leaseback deal with Japanese company
Norwegian supramax specialist Belships has announced that it has entered into a sale and leaseback agreement with a Japanese counterpart…
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Europe
Offshore layoffs hit equipment suppliers as TTS Offshore Solutions makes redundancies
TTS Offshore Solutions today announced plans to lay off workers, showing equipment suppliers are not immune to the strain of…
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Europe
North Energy cuts staff and costs amid ‘deteriorating market conditions’
Norway’s North Energy is to implement additional redundancies and cost-cutting measures from 2016, which the oil and gas producer hopes…
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Europe
Bergen Group’s pipe installation subsidiary goes bust
Norway’s Bergen Group has announced today that subsidiary, Bergen Group Skarveland, has resolved a petition for bankruptcy due to a…
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Europe
Seadrill cancels semi-sub order
John Fredriksen-controlled Seadrill has cancelled a contract for a semi-submersible at a South Korean yard. Seadrill notified Hyundai Heavy Industries…
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Europe
Ocean Installer wins UFR job from Total off Congo
Norwegian subsea specialist Ocean Installer has won a contract from Total E&P Congo for deep water umbilicals, flowlines, risers installation…
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Europe
Höegh LNG raises cash for more FSRUs
Höegh LNG has raised NOK844m ($100m)in gross proceeds through an oversubscribed private placement of 6,920,000 new common shares, each with…
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Europe
Kaizit: Cloud solutions
Oslo: Stig Linna, the founder and ceo of Norwegian tech firm Kaizit, is adamant he has the software and know…
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Europe
Odfjell Drilling wins Maria field drilling contract from Wintershall
Odfjell Drilling has been awarded a contract from Wintershall for the drilling of six production wells on the Maria field…
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Africa
Spectrum signs up for Somalia offshore survey
Norwegian seismic services firm Spectrum has signed an agreement with the government of Somalia for a multi-client master co-operation agreement…
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Europe
Solvang heads to Hyundai Heavy Industries for two new LPG carriers
Norwegian LPG and petrochemical specialist Solvang and its partners have signed a newbuild contract for the construction of two 78,700…
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Europe
Government approves Wintershall’s oilfield development in offshore Norway
The Norwegian government has approved an application from Wintershall, Petoro and Centrica Resources (Norge) to develop and operate the Maria…
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Europe
Avance Gas sends VLGC delivery straight to dry dock as a precaution
Avance Gas’ new VLGC Chinook will be sent straight to dry-dock for 10 to 20 days after delivery to ensure…
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Europe
Oil discovery off Norway
Friday started with some good news after a week of depressing tales for the Norwegian offshore sector. There has been…
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Europe
GC Rieber Shipping terminates Ceona vessel charter for default
Norways’s GC Rieber Shipping has terminated the contract for subsea construction support vessel Polar Onyx, on charter to Ceona, due…
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Europe
FMC Kongsberg Subsea cuts more staff
An additional 200 employees must go at Norwegian oil service company, FMC Kongsberg Subsea, according to local media. Barely three…
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Europe
Aker Solutions lays off another 500 staff
Aker Solutions is letting go of more staff. The Norwegian subsea firm announced yesterday another 500 people are to be…
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Europe
Island Offshore delays three newbuilds at Vard, plans further lay ups
Norway’s Island Offshore is taking measures to deal with the depressed offshore market, delaying three newbuilds at Vard’s Brevik yard.…
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Americas
Pemex terminates Sinvest jackup rig contract
Norwegian rig owner Sinvest has announced, via subsidiary Deep Drilling 1, that Pemex has released jackup rig Deep Driller 7…
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