Stoichevski, William

Stoichevski, William

A veteran journalist based in Oslo, William Stoichevski has written thousands of offshore-focused reports from his North Sea vantage point. After honing the media campaign of Norwegian green group Bellona (current fuels advisors to the European Commission), Stoichevski began working for the Associated Press in Oslo. In 2003, he left the AP to oversee and write for a number of print and electronic energy industry publications in the Norwegian capital. Hard-to-match access has granted him interviews with hundreds of industry captains and policy makers across the globe.
• Email: [email protected]

'Historic' Hit, as Oslo Plumbs New Depths

Mar 09, 2020

Norwegian offshore suppliers on Monday endured a perfect storm of economic shockwaves after the oil price collapsed 30 percent over the weekend and sent oil stocks plummeting en masse in a way not seen for two decades.By around midday in Oslo…

Aker BP, Framo Pump Pact a Market Indicator

Mar 05, 2020

Aker BP and Framo have signed a first long-term frame agreement for the preventive maintenance of seawater lift pumps, a deal in which “compensation is directly linked to facility uptime”, the operator said in a release Monday.While the “seawater lift as a service” agreement might sound “smart”…

Oil Stocks Rise on Stimulus, Orders, Oil price

Mar 03, 2020

Offshore energy stocks, about 34 of them, soared in value on Monday, as investors ignored corona-virus fears and heeded instead a number of U.S. and Norwegian market reports.Shares in Northern Drilling soared 31.48 percent by mid-morning in Oslo (before settling 12 percent up)…

FPSOs: The New Business Model

Feb 29, 2020

As New Year 2020 unfolds, there are 21 floating production, storage and offloading units (FPSO) on order, and unlike a year ago, these — and not floating liquefied natural gas (FLNG) — are the unheralded story. Driven by a decent price for oil…

Pipeline IMR: An All-seeing Eye

Feb 28, 2020

There are surveys, and then there are surveys. For survey-tech outfit, Ecotone, the business model is offering a faster, digital way to monitor the health of seabed environments and offshore infrastructure. There’s enough to do with Norway set to invest $4…

Operators Could Soon Pay More for FPSOs

Feb 27, 2020

Amid a raft of February orders and near-orders for floating production storage and offloading vessels, or FPSOs, comes a new report suggesting those shipyards and engineers able to piece them together may soon be feeling the strain.'The strong pace of recent orders has a downside…

Oslo on Monday: 45 Oil Stocks Rattled

Feb 24, 2020

Despite a string of good-news messages in recent weeks, the price of oil continued its weeklong slide on Monday, taking with it many of Norway’s oil-focused stocks.A large swathe of listed offshore suppliers and energy companies took a pounding…

Deepwater Drillship Rates Rising

Feb 20, 2020

In another sign of improving deepwater market conditions, drillship day rates are on-the-rise from Canada to China, judging by a new report by numbers crunchers, Rystad Energy. Although not the only deepwater floaters, drillships are still on order at Asian shipyards…

U.S. to Put $1B on Euro Energy Projects

Feb 18, 2020

In a move that might make some nervous, the United States — through its “strategic” investment arm, the newly enlarged International Development Finance Corporation — has announced plans to invest USD 1 billion on unspecified European energy projects…

Norway: 20 Suppliers Bundled into New Company

Feb 13, 2020

North Sea private equity player, Hitecvision — the firm behind the rise of well-known E&P players and suppliers — has decided to bundle 20 of its oilfield suppliers into a well-capitalized industrial group with other-than-offshore aims.Hitec said the offshore suppliers would live on in a new…

Europe Leads Global Activity Surge

Feb 10, 2020

A slew of reports so far this year suggest a confluence of the right factors for a strong, sustained surge in contracting activity — especially in drilling — seems to be developing, at least in Europe.Several indicators were in January pointing to key some snowballing of new activity…

UK, Norway Purses Blow Wind in Equinor Sails

Feb 07, 2020

UK (and Norwegian) taxpayers are largely footing Equinor’s wind-energy success by helping the offshore oil, gas and renewables player operate a healthy profit and hand out dividends, Norwegian news reports have been trumpeting of late.It was Stavanger Aftenblad…

Norway Mulls Where to Draw the Line

Feb 03, 2020

A handful of Norway-based arctic oil and gas explorers and their hydrocarbon finds might be the last at today’s recognized Barents Sea’s ice edge, if an expert group’s recommendation to bring offshore activity south gains political traction…

FPSO Orders Continue Climb

Jan 30, 2020

The swollen number of orders felt in 2019 for floating production, storage and offloading vessels (FPSO) was, it turns out, well above the average number of yearly go-aheads seen in over the past 10 years, a new floater report says.Oil prices…

Oil to Gas: Nalcor’s Challenge

Jan 28, 2020

Leaders of a public oilfield investment entity in Newfoundland, Canada, are in a rush to secure more oil — and the province’s first gas production — as well as more investment from international oil companies, government documents suggest.With some decrying gas as the new oil…

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