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Financials and Investment News in Norway

Equinor Launches $3B Action Plan to Strengthen Financial Resilience in 2020
3/25/2020 - Equinor presents updated outlook for 2020 and an around USD 3 billion action plan to strengthen the financial resilience in a market impacted by the COVID-19 and low commodity prices. Equinor can be o...
Suspending Buy Back under the Share Buy Back Program until Further Notice
3/22/2020 - Equinor is under the current market conditions suspending buy-back under the share buy-back programme until further notice. Additionally, Equinor has started to implement measures to reduce operating ...
OKEA Provides Operational and Financial Update
3/20/2020 - The industry is in the midst of an unprecedented combination of a global pandemic coupled with a dramatic fall in oil prices. The Board of Directors and the Management team of OKEA have been working c...
DNO Reports Record Revenues, Production; Steps Up Returns to Shareholders
2/6/2020 - DNO ASA, the Norwegian oil and gas operator, reported interim 2019 revenues of USD 971 million, the highest in the Company's 48-year history, on the back of acquisitions and a record drilling campaign...
Okea Announces Successful Completion of $120m Bond Issue
11/27/2019 - Reference is made to the announcement on 19 November 2019 regarding a contemplated bond issue by OKEA ASA (the “Company”). The Company is pleased to announce the successful completion of a USD 120 mil...
Cost Changes in Projects on the Norwegian Continental Shelf
10/7/2019 - Equinor is the operator for 21 projects in the implementation phase, with a total investment of around 210 billion kroner. 20 of these are on the Norwegian shelf or at Norwegian onshore facilities. ...
Equinor Bought More from Norwegian Suppliers in 2018
2/28/2019 - In 2018 Equinor purchased goods and services worth NOK 141,7 billion from more than 9000 suppliers globally. NOK 95,2 billion of this went to suppliers with a Norwegian billing address, i.e. 67% of to...
DNO Reports Record Revenues, Expands Norway Footprint
2/7/2019 - DNO ASA, the Norwegian oil and gas operator, announced 2018 net profit of USD 354 million on revenues of USD 829 million, the highest annual revenues in the Company's 47-year history. Cash flow from o...
DNO Completes USD 400 Million Bond Placement
5/18/2018 - DNO ASA, the Norwegian oil and gas operator, has completed the private placement of USD 400 million of new, five-year senior unsecured bonds to be issued at 100 percent of par with a coupon rate of 8....
EMGS Announces Proposed Comprehensive Refinancing
3/2/2018 - As further described in Electromagnetic Geoservices Q4 2017 report, published on 8 February 2018, the Company's financial situation is such that additional financing is required. ...
Multi-Client Revenues Related to APA 2017 Awards
1/17/2018 - On 16 January 2018, the Norwegian Ministry of Petroleum and Energy (the "MPE") announced the awards of new production licenses through the Awards in Pre-defined Areas (APA 2017) licensing round. ...
Aker Solutions Successfully Completes Bond Issue
1/11/2018 - Reference is made to the announcement on December 15, 2017. Aker Solutions has successfully completed a NOK 1,500 million senior unsecured bond issue with maturity in July 2022. ...
Statoil’s Share Saving Plan Allocates Shares
10/18/2017 - The shares purchased by DNB on behalf of Statoil ASA on 13 October 2017 for use in the group's Share Saving Plan have on 18 October 2017 been distributed to the employees in accordance with their savi...
Costs Rise for Norway's Martin Linge Oilfield Development
10/12/2017 - The cost of developing Total’s Martin Linge oil and gas field off the coast of Norway has risen by a further 1.4 billion Norwegian crowns ($177 million) in the last year to 41.3 billion, the governmen...
Statoil's Share Saving Plan Allocates Shares
9/20/2017 - The shares purchased by DNB on behalf of Statoil ASA on 15 September 2017 for use in the group's Share Saving Plan have on 20 September 2017 been distributed to the employees in accordance with their ...
Seadrill Enteres into Restructuring Plan with Secured Bank Lenders
9/12/2017 - Seadrill Limited (Seadrill) has entered into a restructuring agreement with more than 97 percent of its secured bank lenders, approximately 40 percent of its bondholders and a consortium of investors ...
Subscription Price Set for the Dividend Issue for Q1 2017
9/11/2017 - Reference is made to the announcement made on 28 August 2017 by Statoil ASA regarding the dividend issue for the first quarter 2017 (the Dividend Issue). ...
Business Outlook Dims in Norway's Oil Region
9/6/2017 - Business conditions remained strong in Norway’s western oil-producing regions during the summer months, but companies increasinly worry over the outlook for the coming quarters, a sentiment survey sho...
Norway Defends Tax Deductions on Arctic Drilling
9/6/2017 - Norway’s plan to shield oil companies from U.N. fees if they produce oil far from land in environmentally sensitive Arctic regions is in line with long-standing tax policies, the Oil and Energy Minist...
Seadrill Completes Amendments to Certain Credit Facilities
8/17/2017 - Seadrill Limited (SDRL) has completed amendments to three secured credit facilities that relate to rigs purchased by Seadrill Partners from the Company that will insulate Seadrill Partners from events...

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