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Six plus six means record year for Denmark's Bladt Industries

The Danish manufacturer of wind turbine monopiles is so busy that it cannot take on any more work right now. This has resulted in a record 2016 result, despite the recent announcement of a large-scale round of layoffs at a Danish factory. Bladt will arm itself for the future with welding robots.

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Fredriksen working around the clock to save Seadrill

Norwegian shipping magnate John Fredriksen is spending every waking hour trying to settle a rescue plan for his ailing company Seadrill, he tells Norwegian daily Dagens Næringsliv. This Wednesday morning, the share price took a new steep dive of almost 30 percent.

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Maersk employees sound alarm after platform fire

A lack of progress in safety on one of Maersk's oil platforms has now prompted concerned employees to raise the alarm more than a whole year after a platform fire, writes Danish daily Berlingske.

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Seadrill buys time with postponement of major debt

John Fredriksen's struggling rig company Seadrill has obtained permission from its banks to postpone debt worth a total USD 2.4 billion by three months. This buys the company time to land a restructuring deal.

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BP will sell North Sea pipeline to Ineos

A deal for a critical North Sea oil pipeline has now been secured. Ineos will take over the pipeline system Forties, which can transport more than half a million barrels per day.

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Aker CEO ready for large-scale acquisitions

Aker plans to remain a dominant player in the current consolidation of the oil industry. Group CEO Øyvind Eriksen tells Dagens Næringsliv that the group is focusing on both small and large acquisitions.

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Siem owner offers to buy bonds

Kristian Siem's company Siem Industries, which owns the offshore carrier Siem Offshore, is offering bondholders in the company to buy bonds worth upwards of NOK 200 million in exchange for approval of the plans presented last week.

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Aker Solutions buys Norwegian oil service company

Norwegian Aker Solutions buys family-owned oil service company for a little over NOK 200 million. The acquisition of the company, Norway's third-largest offshore supplier, is expected completed in the second quarter.