OPEC agrees on further production cuts
OPEC and its partners have agreed to further cut production by 500,000 barrels per day in the first quarter of 2020, bringing their new combined cuts to 1.7 million barrels per day. The decision was...Read more
Mammoet uses new road solution to navigate dangerous route
PRESS RELEASE – Mammoet has utilized its Trailer Power Assist (TPA) for the first time in Norway. The system is designed to improve transport efficiency and is helping the heavy-lift company to safely move 23...Read more
United Heavy Lift and Ocean 7 Projects join forces
United Heavy Lift has joined forces with Norwegian project carrier Ocean 7 Projects. Together the companies are opening a new office in Norway with further joint branches in the United States and Asia to follow. The...Read more
Norway raises oil and gas expectations
Norwegian investments in the oil and gas industry will be higher than expected in 2019. Statistics Norway has raised its expectations by 6% to USD 21.1 billion. The upward adjustment follows the expansion of two new...Read moreNorwegian oil industry highly optimistic about the future
Oil & GasThe Norwegian oil and gas industry is highly optimistic about the future, shows an economic outlook barometer from SpareBank 1. Especially companies with large exposure to the offshore oil and gas markets expect increased activity...Read morePioneering Spirit sets new offshore lift record
Allseas broke another lift record with its humongous heavy lift vessel Pioneering Spirit, which successfully executed the single-lift installation of the processing platform and utility living quarters topsides in the Johan Sverdrup field, offshore Norway. Together...Read more