February 13, 2018
Faroe Petroleum

Faroe Petroleum’s $55m stake sale

Faroe Petroleum has sold a stake in a find it made off Norway for $55 million (£40m) in a deal which provided a reward for its […]
January 31, 2018
Statoil

Statoil quits talks over stake in Mozambique

Norway’s Statoil said it has pulled out of negotiations to take a 25.5 percent stake in a gas block off Mozambique, citing a lack of progress […]
January 29, 2018
norway

Norway fund manager bets on rigs for 200% return

After more than three years of taking a hammering, drillers are set to rise 100% to 200%, Martin Molsaeter, portfolio manager and partner at First Fondene, […]
January 25, 2018
EnerMech

EnerMech wins Norwegian contract

EnerMech Norway has won contracts to provide control and certification services to two of Norway’s leading power generating companies. In line with EnerMech’s global strategy to […]
January 20, 2018
Shell adds Transocean drillship

Shell is happy to give the Penguins project a helping hand

There is yet more evidence that the mature regions of the North Sea oil province are exhibiting serious staying power. Shell has given the go-ahead for […]