Special reports - 19 March 2018

RockRose Energy plc. has announced that it has commissioned two reports.

All of the seven main representatives of Statoil’s labour unions – Industri Energi, SAFE, NITO, Tekna and Lederne – support the proposal by the board of directors to the annual general meeting to change our name from Statoil to Equinor.

OMV, the international integrated oil and gas company based in Vienna, has agreed to acquire Shell’s Upstream business in New Zealand comprising joint venture interests in Pohokura (48%), the largest gas producing field in New Zealand, and Maui (83.75%) as well as related infrastructure for production, storage and transportation.

The combined company will continue to evaluate growth opportunities in its core diving and subsea umbilicals, risers, and flowlines (SURF) markets.

As the upstream sector recovers from the 2014 oil price crash and resulting budget cuts, a number of Southeast Asian governments are adapting policies in the sector in the hope of capturing a share of new investment.