EnergyWatch

Oil & Gas

These are Norway's oil investments

Norway's Government Pension Fund Global recommends selling its stocks in oil and gas because it finds that Norway is too exposed to the sector. The fund has oil stocks worth hundreds of billions of Norwegian kroner. Learn here where the money is invested.

US authorities fine Statoil for manipulation

According to US authorities, Statoil attempted, over a period of time, to manipulate a propane index in efforts to avoid losses. The Norwegian oil company has been penalized with a fine.

Key witness in Monjasa case absent at appeal

One of the most important witnesses for the prosecution will not be present at the Danish Western High Court to give testimony in the criminal case against Monjasa and one of the the bunker company's founders.

Billion-dollar impairment in Drilling strikes Maersk

Unemployed rigs and the decision to hand off the drilling division have resulted in a major impairment for Maersk Group. The group states that "a structural solution for Maersk Supply Service, remains to be defined" within the 12 months.

Maersk Oil doubles result

Thanks to a stronger oil price and other positive factors, Maersk Oil saw its result roar ahead in this year's third quarter.

Tanker carriers could hit oil peak earlier than expected

The demand for oil could peak before many expect, say several analysts. They advise tanker carriers to take it seriously when setting out future strategy, while there is some indication that at least one carrier is already in the throes of a transition.

Rig major Transocean books major Q3 loss

Distressed Transocean took a huge impairment in the third quarter, resulting in a big deficit. But with the acquisition of Songa Offshore, Transocean is ready to reap the benefits of a market recovery, says the CEO.

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