Norway Awards Oil Permits to 11 Firms in Arctic Licensing Round
Norway has awarded 12 oil and gas exploration licences to Equinor and 10 other companies focused mostly on the Arctic, where Oslo believes it has the greatest potential for significant new discoveries.Nine of the licences are located in the Barents Sea and three in the Norwegian Sea off central Norway, the Ministry of Oil and Energy said on Monday."This licensing round confirms that the oil companies see opportunities for further profitable petroleum activity in the north," Oil and Energy Minister Terje Soeviknes said in a statement.Equinor, formerly known as Statoil, was awarded
Aker Solutions to Acquire Reinertsen
to be generated. "We're glad to have found a new home for our oil and gas business after a very difficult time for our company," said Thomas Reinertsen, deputy CEO of Reinertsen. "Short term we still face some challenges, but in the longer term this move will secure jobs in central Norway and enable us to continue our strong tradition of delivering high-quality services." Reinertsen had revenue of about $94 million in 2016 and is expected to contribute positively to Aker Solutions' earnings from 2018. "We welcome the Reinertsen employees to Aker Solutions
World's First Offshore Fish Farm Rig
and delivery of an eight point mooring system to the world’s first offshore fish farm installation being developed for Ocean Farming AS, a subsidiary of the SalMar Group in Norway. The equipment will be used to secure the installation to the seabed at Frohavet, off the coast of central Norway. The 68 meter high rig will have a diameter of 110 meters and a volume of 250.000 cubic meters. SalMar decided to move the operation offshore in the plan for additional growth in the industry of harvesting from the sea, as new locations that offer good biological condition for the farming
February 2024
