Business

Statoil accepts bid for Statoil Fuel & Retail

Thursday, 17 May 2012 00:48

Statoil's Board of Directors has decided to pre-accept, subject to certain conditions, a cash offer from Canadian Alimentation Couche-Tard for the shares in the listed energy and retail company Statoil Fuel & Retail.

Statoil launches new rig type

Thursday, 17 May 2012 00:48

Statoil has awarded Aker Solutions a contract for hiring of an entirely new type of rig which represents an important technological advance for the industry. The estimated value of the total contract is USD 1.9 billion.

Oil&Gas: Development of the Grieg Field approved

Thursday, 17 May 2012 00:48

The Norwegian government announced Friday it had approved the $4.2 billion development of the Edvard Grieg oil field in the North Sea. This is the first field offshore Norway to be operated by Swedish independent oil and gas company Lundin Petroleum.

Aker Solutions wins key Egypt contract

Thursday, 17 May 2012 00:48

Norwegian and international oil services group Aker Solutions has signed a two-year frame agreement with Egyptian oil giant Badr Petroleum Company (Bapetco).

Kongsberg acquire remote weapons contract

Thursday, 17 May 2012 00:48

The Kongsberg Group has booked an order on the remote weapons stations (RWS) valued at NOK 100 millions from the French Renault Truck Defense.

Aker Solutions signs Bahrain deal

Thursday, 17 May 2012 00:48

Aker Solutions has been awarded a contract by Enerserv W.L.L to deliver 600 sets of surface wellheads and trees to the Awali Oilfield in Bahrain.

Oil&Gas: New licencing round announced

Thursday, 17 May 2012 00:48

The Ministry of Petroleum and Energy has announced the annual licencing round for mature areas on the continental shelf. The aim is to award new production licences in the announced areas in early 2013.

Statkraft and Hydro-Québec to cooperate

Thursday, 17 May 2012 00:48

Norway's Statkraft and Canadian Hydro-Québec have entered into a three-year agreement to speed up the development of osmotic power, a new renewable energy technology.

Oil&Gas: Closure of Mongstad considered

Thursday, 17 May 2012 00:48

Having registered losses of NOK 9.2 billion on the Mongstad Refinery over the last three years, Statoil is now considering closing down the complex, NRK reports.