OSLO, May 16 (Reuters) – Offshore oil industry services firm
Subsea 7 is facing a plethora of challenges, including
project award delays, weaker pricing, supply chain bottlenecks
and cost pressures, it said on Thursday.
Subsea 7, which provides surface and subsea engineering and
construction services for oil firms around the world, said its
order backlog continued to surge and it would remain disciplined
in bidding for new work, but it was facing many of the same
challenges that are slowing the global oil service business.
OSLO, May 2 (Reuters) – Marine Harvest, the world’s biggest
fish farmer, took its $1.7 billion hostile bid for
state-controlled rival Cermaq directly to Norway’s
trade minister on Thursday after the firm’s board rejected its
Harvest, controlled by shipping tycoon John
Fredriksen, said it would appeal to shareholders including the
government, which holds 43.5 percent of Cermaq, in its bid to
create a global giant that would be a top player in everything
from feed to processing.
OSLO, April 30 (Reuters) – Marine Harvest, the
world’s biggest fish farmer, said it would buy rival Cermaq
in a deal worth $1.69 billion if it abandoned plans to
buy Peruvian fishmeal firm Copeinca.
Marine Harvest, controlled by shipping tycoon John
Fredriksen, said it would pay 105 crowns ($18.24) per Cermaq
share, 22 percent above its close on Tuesday, but only if Cermaq
dropped its offer, which values the Peruvian firm at about $732
REYKJAVIK (Reuters) – The victory in Iceland’s election of parties who would spurn the European Union may keep the country isolated by cementing damaging currency controls in place.
Once a symbol of globalization with its banking boom-turned-bubble, Iceland rejected the one power that could have helped bring it back onto the international stage five years after its economy imploded.
REYKJAVIK, April 29 (Reuters) – The victory in Iceland’s
election of parties who would spurn the European Union may keep
the country isolated by cementing damaging currency controls in
Once a symbol of globalisation with its banking
boom-turned-bubble, Iceland rejected the one power that could
have helped bring it back onto the international stage five
years after its economy imploded.
REYKJAVIK (Reuters) – Iceland’s centre-right parties began talks on Sunday to form a new government, promising to end years of austerity and provide debt relief to households, and only arguing about which one of them should lead the government.
Fed up with years of belt tightening and soaring debt, Icelanders ousted the Social Democrats on Saturday, handing the biggest defeat to any ruling party since independence from Denmark in 1944 and offering a new chance to the very parties that presided over its economic rise and collapse.
REYKJAVIK, April 28 (Reuters) – Iceland’s centre-right
parties prepared for coalition talks on Sunday after defeating
the ruling Social Democrats in elections with promises of ending
austerity measures five years after a financial collapse.
With nearly all the ballots counted, the Independence Party
took 26.7 percent of the vote and the Progressive Party 24.4
percent, both gaining 19 seats in the Althing, or parliament.
REYKJAVIK (Reuters) – Fatigued by years of austerity and swayed by promises of debt relief, Icelandic voters dumped the Social Democrats from power on Saturday, returning a center-right government that ruled over its stunning financial collapse just five years ago.
Once a European financial hub, this windswept north Atlantic island of glaciers, geysers and volcanoes has been limping along for years, still crippled from a crash that brought it to its knees in just a matter of days.
REYKJAVIK (Reuters) – Iceland’s centre-right parties took a commanding early lead in elections on Saturday, staying on course to return to power with promises of tax cuts and debt relief just five years after presiding over the country’s spectacular economic collapse.
The Independence and Progressive Parties, which ruled the nation, often in coalition, for nearly 30 years before the 2008 collapse, had collected close to half the votes counted so far, putting them solidly ahead of the ruling Social Democrats and on track to form Iceland’s next government.
REYKJAVIK (Reuters) – Icelanders fed up with years of belt-tightening looked set on Saturday to oust the ruling Social Democrats, wooed with pledges of tax cuts and debt relief from the center-right, which presided over a spectacular financial collapse five years ago.
Leaden skies and driving sleet were a fair reflection of the mood of voters who have seen promises of a quick recovery fade, while mortgage debts rise, prices soar and crippling capital controls keep investment at a record low.