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New Danish North Sea deal settled

The Danish government and companies operating in the North Sea have reached a new deal for oil extraction in the region. Maersk Oil says the agreement will allow for the full redevelopment of the Tyra gas field, which was otherwise facing closure.

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New Danish North Sea deal settled

The Danish government and companies operating in the North Sea have reached a new deal for oil extraction in the region. Maersk Oil says the agreement will allow for the full redevelopment of the Tyra gas field, which was otherwise facing closure.

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Problematic Hejre field costs Bayerngas the big bucks

Bayerngas Danmark had to make large impairments again this year on the Hejre field which has caused severe problems. Yet Bayerngas maintains optimism and bets that the field will be up and running within a few years.

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CEO of oil major charged with corruption

The CEO of the world's sixth-largest oil company denies wrongdoing in the allegations related to a controversial billion-dollar transaction. "What the seller does with the money is not your responsibility," he says.

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Seadrill fights the clock to avoid receivership

John Fredriksen's efforts to land a refinancing deal for Seadrill continues, and there is no guarantee that an acceptable arrangement can be settled in time, according to the driller's annual report 2016. A possible consequence could be Chapter 11, says the company.

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BW LPG's profit takes big dive in 2016

Gas carrier BW LPG finished 2016 with a bottom line ten times lower than in 2015, due to the overall weaker LPG market. Management expects that the market will improve around a year from now.