Aberdeenshire-headquartered Motive Offshore Group has acquired a Norwegian subsea services firm in a seven-figure deal.
EV Private Equity (EVPE) plans to reap the rewards of its investment in the oil and gas sector through a number of sales later this year.
Norwegian authorities have approved an extension to the giant Johan Sverdrup development off the country’s coast.
ACE Winches' Norwegian branch has strengthened its Scandinavian presence by relocating to the centre of Stavanger and hiring a new sales and business development manager.
Norwich-headquartered Aquaterra Energy has opened new offices in Stavanger amid plans to boost operations in Europe.
Norwegian subsidiary of Stavanger, Wintershall Norge, today announced the promotion of new managing director, Hugo Dijkgraaf.
Her Majesty’s Ambassador to Norway, Sarah Gillett, will be among the speakers at Granite PR’s fourth annual Aberdeen-Norway Gateway next week.
German oil giant Wintershall has been granted permission to use the Deepsea Stavanger to drill on the Maria field.
Ports in the north-east of Scotland have denied charging oil support vessels over the odds for harbour berthing spaces and services.
Oil and gas industry chiefs from the north-east have lauded the Offshore Northern Seas (ONS) conference in Norway as the perfect tonic at a difficult time for the sector.
A large number of businesspeople from the north-east have crossed the North Sea to attend the biennial Offshore Northern Seas (ONS) show, which gets under way in Stavanger, Norway, today.
Two of Europe’s leading energy hubs will strengthen their links via a business event which makes its return next month.
Aibel is set to make 500 redundancies in Norway in a bid to streamline costs.
An offshore technical school in Norway has seen a sharp decline in applicants since last year.
ONS has sold more exhibition space ahead of the event next year than it did for the whole show in 2014. Shows organisers said the growing interest in ONS, which takes place in Norway, has been led by a desire for more collaboration in order to meet the industry’s current challenges. The news comes after a number of exhibitors – including BP – opted out of exhibiting at Offshore Europe in Aberdeen amid the decline in oil price.
The boss of ConocoPhillips, Ryan Lance, has been confirmed as a speaker at ONS 2016, which takes place in Stavanger between August 29-September 1.
An airline has stopped business class only flights for oil workers from Stavanger to Houston after the decline in oil price. The journeys – which could cost as much as $7340 – were started in August last year by Scandinavian airline SAS. However the decline in demand from customers to fly on the specially upgraded Boeing 737-700 aircraft has seen the company invest in an alternative route from Copenhagen to New York.
Norges Bank cut interest rates for a second time since oil prices collapsed to avoid a recession in western Europe’s biggest crude producer. The overnight deposit rate was cut by 25 basis points to a record low 1 percent, the Oslo-based central bank said. The decision was forecast by 16 of 17 economists surveyed by Bloomberg, while one saw no change. The bank signaled it may cut rates further.