MSV Regalia to stay at Valhall for 6 monthsBP Norway has called off an option to keep accommodation unit "MSV Regalia" at Valhall for another six months. The unit will thus stay at Valhall until next summer. The option is worth around NOK 262 million. Prosafe, which operate the rig, has granted another four month option commencing July 2011, if excercised, and an additional two-month option.
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Industry growth
The turnover in the Norwegian industry rose by 1,8 per cent from May to July this year. The turnover for construction of ships and platforms grew by 8 per cent in the same time period.
» Read more » Norwegian Sector
Barents border agreement final
Just five months after Norwegian Prime Minister Jens Stoltenberg and President Dmitri Medvedev announced the agreement regarding the Russian-Norwegian border of the Barents Sea, the signing of the agreement is now ready.
» Read more » Politics & Regulations
Green light for Svanøgle
Noreco has been given the go-ahead for drilling of wellbore 17/6-1 at their Svanøgle prospect in the North Sea.
» Read more » Norwegian Sector
Statoil wants improved quality
Statoil is planning to invest several billion NOK in their onshore facilities the next years. If Norwegian suppliers want a piece of the contracts, the quality must improve, Statoil warns.
» Read more » Contracts & Agreements
