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Norway

Iraq OKs $998M oil contract with Samsung

Iraq OKs $998M oil contract with Samsung

Winning company to build crude facilities in W.Qurna 2; Duration of $998 mln contract is 31 months; Production expected to reach 150,000 bpd by Jan 2013

January 25, 2012 2:08
 

DNO shareholders back merger with RAK

Norwegian-Dubai tie-up approved by 76 percent of voting shares; "Strong endorsement", says man who chairs both companies; Deal likely to close in January; DNO shares rise 2.13 percent as Oslo bourse plunges

November 2, 2011 11:57
 
Norwegian Bank to finance up to $4B LNG ship orders

Norwegian Bank to finance up to $4B LNG ship orders

The tripling cost of chartering LNG vessels to $110,000/day and the likes of Qatar and Peru offering new supplies indicate that the shipping sector could be an investment safe haven.

August 11, 2011 11:58
 

Oil above $124 as Libya conflict hits fields, Nigeria polls postponed and in Japan aftershock

Brent hits 32-month high on Libya oil attacks; Middle East unrest adds $20-25 oil premium; Analysts warn signs of demand destruction emerging

April 8, 2011 12:24
 

Norway’s DNO boosts oil reserve estimate in Iraq

Recoverable oil seen at 306 mln barrels, up from 230 mln; Revision a "major step up" with more to come -analyst; Iraqi political dispute still blocking DNO revenue; DNO shares up 1 pct on news, outperforming Oslo bourse

March 30, 2011 4:12
 

S. Korea secures Abu Dhabi Oil in huge deal

Ensures S.Korea's stakeholding in over 1 bln bbls reserves; MOU worth $97.7 bln on oil prices now -presidential office; Also agrees to develop 3 oil areas with 570 mln bbls; S.Korea to store 6 mln bbls of Abu Dhabi crude "for free"; S.Korea oil self-sufficiency rate eventually to be 15 per cent

March 13, 2011 2:50