Company News

MHWirth reels as Zed ends

Shell has cancelled a $100 million development project with Transocean and MHWirth for a more reliable control system for blowout preventers, writes Ole Ketil Helgesen.

Spin-off for global business

Lundin Petroleum is spinning off its international business to give it more room to expand while the parent company focuses on its fast-growing Norwegian activities, writes Beate Schjolberg.