Dubai Maritime City said it has entered into a partnership agreement with SalMar ASA, a major Norwegian salmon farming company.
The Dubai Cooperative Society for Fishermen, a Dubai government entity is supporting the new partnersh
Norwegian oil services firm Aker Solutions has agreed to buy a Dubai-based oil services firm, hoping to improve its recent weak track record of winning contracts in the world's top oil producing region.
Aker Solutions has agreed to buy
Drydocks World, a top global maritime service provider based in Dubai, said it has won a contract from leading Norwegian energy service provider Aibel to build a wind power offshore platform structure for the company.
The project will be i
UAE-based Rak Petroleum Public Company said its merger with Norway’s DNO International was on track for close in early next year after the company won approval from its investors.
The Ras Al Khaimah-based company said its shareholders
Norwegian oil company DNO could buy more oil and gas assets in Iraq, Yemen, the UAE, Oman and Tunisia once it completes the $250 million acquisition of assets from UAE-based RAK Petroleum, said its chairman on Wednesday.
DNO had agreed to
Norwegian oil firm DNO International said it would buy oil and gas fields from UAE-based RAK Petroleum for $250 million of DNO stock, after pricing its shares towards the upper end of a previously announced range.
The company also said it
Norwegian oil firm Statoil aims to bid for oil concessions in the UAE due to expire in 2014 as it targets more business in the country's energy industry, a senior executive told Reuters.
"We're looking at gas and oil," said Kjetil To
Norwegian aluminium producer Norsk Hydro said it had declared force majeure for aluminium deliveries from its Qatalum smelter in Qatar after a power failure delayed the plant's ramp-up schedule.
Declaring force majeure frees companies
Norwegian oil producer DNO reported weaker-than-expected operating profit for the fourth quarter and said output would remain roughly flat this year unless it gained a licence to export the oil it produces in Iraq.
Earnings before interest