North Sea Rim
Norwegian oil company Statoil and drilling contractor Odfjell have agreed to develop new sub-sea technology together much like the energy company has with other large supplier contractors. 
Two leading contractors in the offshore power and umbilical sectors have joined forces to provide turnkey solutions for major cable and wind projects, it was announced Thursday. 
A Norwegian tax lawyer has been drawn into the “tax-swindle” investigation of U.S. rig company Transocean launched by Oslo’s white-collar-crime unit, _Oekokrim_. 
A Stavanger-based oilfield services company boasting a drilling machine that bores into sub-soil like a mole, free of a derrick, listed on the energy-focused Oslo Stock Exchange’s start-cap Axess this week. 
Norwegian mini-operator Pertra has permission from Norwegian regulators to drill well 15/12-18 into the Storskrymten and Grytkollen prospects near the Glitne field in the Norway-sector of the North Sea. 
Toronto-listed North Sea player Oilexco has first oil at its larger-than-most Brenda-Nicole field in the central North Sea, and the company marked its trailblazing Monday.
The Transocean Winner semi-submersible drill rig in the North Sea has found “some oil and gas” for Hydro and partners at the H-Nord prospect near the producing Fram field. 
U.S. investor heavyweight the California State Teachers’ Retirement System has asked soon-to-be-merged Norwegian oil companies Statoil and Hydro to consider getting out of Iran. 
Norway’s Parliament late on Friday approved the merger of Statoil and the oil and gas business of Hydro, leaving only the July vote of both company's shareholders on the way to becoming the largest deepwater operator. 
ABB in Norway has won a NOK430-million ($72-million) contract to electrify Statoil’s Gjoa platform by sub-sea cable from gas-fired power plant at Mongstad, it was announced late Friday. 
Houston-based U.K. explorer Endeavour International declared Friday that the large hydrocarbon section it drilled into recently at the Balgowni prospect were not of high-enough quality to produce. 
Norway-listed oilfield flows expert CorrOcean will use the stock market, bonds and a bank load to buy up the whole of oilfield process-control specialist Roxar for NOK2.2 billion ($370 million), it was learned Friday. 
The forecast for Norwegian oilfield spending in 2007 has been revised higher to a record NOK111.3 billion kroner ($18.58 billion) after a survey of spending by a national researcher. 
Oslo-listed shipping giant Frontline Ltd. has old all its shares in oilfield vessel company Sea Production Ltd. to Frontline shareholders for $67 million. The company said it was fulfilling a promise made to shareholders at the creation of Sea Production. 
Oil companies based in Norway will cease to exist and be “dissolved” by law if their boardrooms do not contain sufficient numbers of women by 2008, OilGas24.com learned Tuesday. |
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