Oslo Stock Exchange rose significantly from the start Wednesday, with rig stocks leading the way. After 20 minutes of trading was the main index up 1.6 percent to 583.30, and since recovery continued.
At lunchtime main index up 1.74 percent to 584.36.
Price jump in oil after the close of trading Tuesday
oil prices rose sharply Tuesday afternoon and evening. The cause of the oil rally was unconfirmed reports that Russia and Saudi Arabia have agreed to freeze production levels.
Wednesday goes Brent oil for $ 44.26 a barrel, down 0.96 percent. When the stock exchange closed, the price was $ 43.27.
Oil discovery and dry well
Statoil Petroleum AS, operator of production license 035/272, is in the process of completing the drilling of wildcat wells 30 / 11-11 S and 30 / 11-11 A. In one, it made a small oil discovery, while the other was dry.
Statoil rising 1.86 percent to 131.40 kroner.
DNB
DNB helped Reuters by better climate in the oil and thus believe more limited losses from the sector and the stock rises thus 3.68 percent to 101.50 kroner.
Food Ministry is otherwise still not satisfied with the statement of DNB Luxembourg business and have sent two sides with new questions.
Seadrill party in new York
Seadrill rose 24 percent to $ 3.83 in New York last night, which equates to 31.30 million. The stock ended at 26.58 kroner on the Oslo Stock Exchange. Wednesday rising share 18.77 percent to 31.57 crowns.
Other rig stocks is high on the list of winners. Prosafe rises 10.22 percent, while Songa Offshore and Fred. Olsen Energy is up five to seven percent.
Fredriksen share Archer is otherwise up 9.89 percent, while Frontline rising 3.75 percent.
NEL trial
NEL ASA starts in cooperation with Statoil, Linde Kryotechnik, Mitsubishi Corporation, Kawasaki Heavy Industries, NTNU and the Institute of Applied Energy a feasibility study for large-scale hydrogen production in Norway.
NEL rises 2.60 percent to 3.16 million.
Spetalen sell
After the close of trading Tuesday it became known that Strata Marine & amp; Offshore AS, a company controlled by Øystein Stray Spetalen, has sold 22 million shares in Axactor AB.
New holding is 43,736,999 shares, which corresponds to 6.67 percent of the company.
Axactor rises still 2.22 percent to 1.84 million, after DNB Markets has started coverage of the stock with buy recommendation and a price target of three million.
PGS and EMGS amicable settlement
Petroleum Geo-Services ASA (PGS) and Electromagnetic Geoservices (EMGS) has reached a settlement in connection with a patent violation.
PGS rising 3.82 percent to 25.02 million, while EMGS is up 4.17 percent to 25 cents.
TGS
The Board of TGS Nopec will propose to the AGM in May it be given the authority to pay quarterly dividends for the next 12 months.
TGS is up 4.18 percent to 132.10 kroner.
Funcom Loan
Funcom NV planning a share issue to get money for development and marketing of Conan Exiles. The company collects the necessary documentation to create a prospect.
To ensure Funcom more flexibility, the company has signed a short-term loan agreement with KGJ Investments SA at $ 500,000 prior to the issue.
Funcom lifted 6.15 percent to 2.07 million.
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