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Welltec could take a beating from ratings agencies

Although the company has just completed a successful debt refinancing, ratings bureau Moody's is ready to once again downgrade struggling oil venture Welltec.

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Statoil awards oil contracts worth billions

Oil company Statoil has awarded three contracts to three different suppliers valued at a total NOK 8 billion. One of the agreements goes to Aker Solutions, which recently landed a large contract with Maersk Drilling.

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