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Current affairs in the Oil & Gas industry

DSME Delivers Songa Equinox Semisub, Newbuild to Work for Statoil in Q4 2015

(RIGZONE) Norway's Songa Offshore SE announced Tuesday that it has taken delivery of Songa Equinox (mid-water semisub) from Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea. Songa Equinox will shortly depart South Korea en route to Norway for commencement of an eight-year drilling contract with Statoil, with first assignment on the Troll Field on the [...]

By | July 3rd, 2015|News, Oil & Gas|0 Comments

Distribution of the values in Johan Sverdrup

(DETNORSKE) The negotiations concerning distribution of ownership interests in Johan Sverdrup have now entered a critical phase. Det norske oljeselskap is of the opinion that the values in the field should be distributed in an equitable manner. "Det norske is of the opinion that the ownership interests in Johan Sverdrup must be divided in a just [...]

By | July 3rd, 2015|News, Oil & Gas|0 Comments

Noreco Cuts Half of Its Employees Workforce To Reduce Costs

(OFFSHORENO) The crisis-ridden oil company Noreco must implement drastic cost cuts, it emerges in a statement Wednesday. The company writes that it wants to limit the financial obligations, particularly the exploration costs. Noreco also writes that about half of the 30 employees lose their jobs in the company. It's sad, but there is little way around [...]

By | July 3rd, 2015|News, Oil & Gas|0 Comments