Norwegian Energy Co. (Noreco) reports that its fully owned subsidiary Noreco Oil UK Ltd. has entered an agreement to transfer its 20% stake in the Huntington license offshore the U.K. with all rights and obligations to Premier Oil.

Business Briefs For Dec. 16

Business Briefs For Dec. 2

Business Briefs For Nov. 18

Business Briefs For Nov. 4

Oceaneering International Inc. acquired the assets of Blue Ocean Technologies LLC for $30 million in cash, expanding the Houston company’s subsea services into riserless light well intervention (RLWI), an Oct. 17 Oceaneering release stated.

Business Briefs For Oct. 7

Norway’s Akastor ASA oil service investment company signed an agreement with Japan’s Mitsui & Co. Ltd. to acquire the Skandi Santos hull from DOF Subsea Rederi AS and the Skandi Santos topside from AKOFS Offshore AS through a joint venture with 50:50 ownership.

Business Briefs For Sept. 9

Business Briefs For August 26

Business briefs for August 12, 2016

East Coast Oil & Gas said it has secured more than $1.3 million from Castle View Ventures and the Scottish Investment Bank, funds that will enable it to develop a subsea power generation system known as the Subsea Power Hub.