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Dong fires staff after divestment

After selling off its oil and gas division, Dong Energy is bidding farewell to both its conglomerate structure and its three-digit number of employees.

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BP extracts first oil from North Sea expansion

After several rough years for oil production in the North Sea, BP is now ready to extract first oil from a reconstructed field. The investment is the first step in a major venture on the British North Sea Shelf.

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Maersk Oil chooses Semco for Culzean

Semco Maritime will carry out preparations for Maersk Oil's new gas field in the North Sea, Culzean. The order is the largest for Semco's Aberdeen office.

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Danish businessman at the center of controversial oil trade in West Africa

What at first looked like an ordinary oil trade in West Africa has developed into a court dispute in London, Dubai, and Lagos. ShippingWatch has reconstructed the events which involve Danish businessman Jesper Øhlenschlæger, tax shelter company Nordic Oil & Gas, bunker company Endofa, and carrier d'Amico.

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Kvaerner CEO weighs acquisitions

Kvaerner, part of Aker Group, is considering throwing money into acquisitions, reports Norwegian media E24. Dividend payments could be in store for shareholders as well.

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Oil companies' cost reductions now starting to show

A rising oil price and large-scale cost reductions have significantly boosted earnings at oil companies such as Statoil, Shell, and Aker BP in the first quarter. Several of these firms are now gearing up to invest, but the good old days will never return, projects Nordea Markets.