Book Review: Getting Down to It; 50 Years of Subsea Success in Norway
The Norwegian Continental Shelf’s journey from the very first basic marinized subsea trees to today’s complex and sophisticated subsea processing equipment has been a rapid, at times turbulent, but always remarkable.There are many engineers who have seen through that journey, from the first exploration wells using Norwegian rigs in the mid-1970s to today. One has now written the history of subsea technology in Norway and this year’s Underwater Technology Conference (UTC) has been chosen for its launch…
Saga Petroleum Chair Quits
The chairman of Saga Petroleum abruptly quit on Monday to protest at parliamentary plans to keep Hydro under state control. Wilhelm Wilhelmsen also will reportedly sell the shares he held as a private individual to France’s Elf Aquitaine, which has made a rival takeover offer to Hydro and Statoil
N.Hydro Says To Present Saga Bid Next Week
Norsk Hydro is reportedly planning to present a formal takeover bid for oil firm Saga Petroleum next week.
Elf Bid For Saga Give Norway Headache
Elf Aquitaine's bid for Norway's Saga Petroleum is reportedly giving Norway's minority government a gigantic headache by threatening its cherished goal of keeping Saga in Norwegian hands.
Saga Says Capable of Staying Independent
Saga Petroleum is reportedly fully capable of remaining independent if shareholders reject a takeover bid by industrial group Norsk Hydro ASA, according to company reports.
