Home » Technology » Oslo Børs ended weak on Friday. Fredly entry resulted in rally.

Oslo Børs ended weak on Friday. Fredly entry resulted in rally.

Golden Ocean rose 4 percent, while Telenor ended up 0.6 percent after having received NOK 2.4 billion from the Norwegian tax authorities in the India case.

Solstad Offshore rose 2.6 percent after presenting quarterly figures after closing time on Thursday.

Hunter Group rose 25.6 per cent following the news that Arne Fredly is back on the ownership side through participation in a private placement of NOK 21.5 million. The proceeds will go towards strengthening the working capital in connection with a 3-year charter agreement with “a recognized international counterparty” for a scrubber-equipped VLCC.

Fredriksen-dominated Northern Drilling ended up 4.10 percent to NOK 5.08. The share has thus quadrupled since Awilco Drilling last week won the second of two arbitration cases against the Keppel FELS yard and was awarded 43 million dollars.

EAM Solar fell 16.6 percent after Thursday’s update of the time in the criminal case in the Milan court where the company must respond to allegations of subsidy and contract-related fraud.

Dolphin Drilling fell 2.5 percent after melding that the company has terminated its contract with Peak Petroleum. The rig company has net claims on Peak Petroleum of 6 million dollars.

The oil price

Oil prices fall after OPEC+ held its postponed meeting on Thursday evening to decide on production policy going forward. The oil cartel confirmed an extra cut in production by 900,000 barrels per day. day, in addition to Saudi Arabia and Russia continuing their voluntary cuts of 1.3 million barrels per day. day. The new cuts will apply to the first quarter of 2024. The market had expected a larger cut, which sent oil prices down on Friday.

Brent oil for January delivery stood at USD 80.78 per barrels, down 2.5 percent from yesterday’s levels. The US WTI oil was up 0.1 percent at the close of trading at $75.99 a barrel. barrel.

Equinor fell 1.4 percent, Aker BP 0.9 percent and Our Energy 2.5 percent.

2023-12-01 15:28:51
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