Equinor to pay large fine in rig dispute

A court has ruled that Equinor did not have the right to terminate a drilling rig contract prematurely. Now the Norwegian oil major must pay a large fine to the Chinese company, reports Dagens Næringsliv.

Photo: COSL

Equinor, formerly known as Statoil, must pay close to NOK 4 billion (493 million) in damages to rig company COSL, ruled the Oslo District Court on Tuesday, according to Norwegian business daily Dagens Næringsliv.

The case concerns the rig COSL Innovator, for which Equinor terminated its contract after an accident on the rig resulted in the death of an employee back in 2015.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Vestas confirms spread of stolen data

Data from the OEM's IT systems have been stolen and offered to a third party, informs Vestas, which has "reasons to believe" that the leaked data mainly pertains to internal company matters, says CEO.

Further reading

Related articles

Latest News

See all jobs