Sector

Oil and gas

324 companies ranked against comparable companies in three size tiers. Fiscal year 2024. Source: Brønnøysund Register Centre. Methodology

Large

Large · 2024
#	Company	Profile	Score	Change
1	SOLSTAD CONSTRUCTION AS	Leader	81	+50
2	EQUINOR MURZUQ AS	Leader	78	−10
3	DOF SUBSEA NORWAY AS	Leader	77	−1
4	DOF SUBSEA REDERI AS	Leader	77	+8
5	INPEX IDEMITSU NORGE AS	Leader	76	−11
6	NORMAND DRIFT AS	Leader	72	+46
7	SUBSEA 7 NORWAY AS	Leader	72	−1
8	INTERWELL NORWAY AS	Leader	69	−16
9	EQUINOR IN AMENAS AS	Leader	67	−10
10	HARBOUR ENERGY NORGE AS	Leader	67	0
11	EQUINOR ANGOLA BLOCK 15 AS	Leader	65	+7
12	EQUINOR ANGOLA BLOCK 31 AS	Sprinter	65	+7
13	ORLEN UPSTREAM NORWAY AS	Leader	63	+10
14	OCEANEERING AS	Steward	63	+12
15	DEEPOCEAN AS	Leader	62	+35
16	HALLIBURTON AS	Steward	62	−2
17	EQUINOR IN SALAH AS	Leader	61	−10
18	IKM TESTING AS	Leader	61	+1
19	COSL OFFSHORE MANAGEMENT AS	Steward	60	−7
20	AKER BP ASA	Leader	59	+6
21	BILFINGER ISP OFFSHORE NORWAY AS	Steward	59	−3
22	EQUINOR APSHERON AS	Leader	58	−23
23	TOTALENERGIES EP NORGE AS	Sprinter	57	+11
24	EQUINOR ENERGY AS	Leader	56	−12
25	OKEA ASA	Sprinter	55	+34
26	NOV PROCESS & FLOW TECHNOLOGIES AS	Builder	55	+22
27	EQUINOR DEZASSETE AS	Sprinter	54	−5
28	SEADRILL OFFSHORE AS	Steward	54	+9
29	EQUINOR ASA	Steward	54	−6
30	KAEFER ENERGY AS	Steward	53	0
31	EQUINOR ANGOLA BLOCK 17 AS	Sprinter	52	−5
32	VETCO GRAY SCANDINAVIA AS	Builder	51	+24
33	REPSOL NORGE AS	Sprinter	49	−2
34	ALTUS INTERVENTION AS	Steward	49	−12
35	ARCHER OILTOOLS AS	Builder	47	+3
36	DNO IRAQ AS	Steward	47	−28
37	OCEAN INSTALLER AS	Sprinter	47	−4
38	BEERENBERG SERVICES AS	Steward	46	−1
39	ONESUBSEA AS	Builder	45	+22
40	APPLY AS	Sprinter	45	+6
41	DEEP SEA RIG AS	Builder	45	+17
42	LINJEBYGG AS	Builder	45	+16
43	A/S Norske Shell	Sprinter	44	−2
44	ODFJELL INVEST AS	Steward	44	−13
45	OMV NORGE AS	Sprinter	42	−1
46	CONOCOPHILLIPS SKANDINAVIA AS	Sprinter	42	+5
47	H&P DRILLING NORGE AS	Builder	41	−12
48	BAKER HUGHES NORGE AS	Steward	41	−7
49	SAIPEM DRILLING NORWAY AS	Sprinter	40	+21
50	SCHLUMBERGER NORGE AS	Builder	40	+15

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Medium

Medium · 2024
#	Company	Profile	Score	Change
1	EXXONMOBIL EXPLORATION AND PRODUCTION NORWAY AS	Leader	95	–
2	OLYMPIC CHALLENGER AS	Leader	91	+23
3	REM SALTIRE AS	Leader	84	+11
4	WEST SUPPLY III AS	Leader	83	+22
5	OMEGA SUBSEA AS	Leader	82	+33
6	FC WELL INVEST AS	Leader	80	+16
7	OLYMPIC ARES AS	Leader	79	+29
8	OLYMPIC OFFSHORE WIND AS	Leader	78	+4
9	REACH SUBSEA SHIPPING AS	Leader	77	–
10	NORTH SEA GIANT AS	Leader	77	−1
11	IKM AQUAMARINE AS	Leader	75	+19
12	NOBLE INTREPID OPERATIONS AS	Steward	74	+30
13	GINA KROG AS	Leader	74	+41
14	FLUID CONTROL SERVICE AS	Leader	74	−7
15	EIDESVIK REACH AS	Leader	74	−1
16	E PLUG AS	Leader	73	+7
17	RAMCO NORWAY AS	Leader	73	+22
18	IZOMAX AS	Leader	73	+10
19	OLYMPIC ARTEMIS AS	Sprinter	72	+20
20	OLYMPIC HOLDING CHARTERING AS	Leader	71	−3
21	OLYMPIC OPERATION AS	Leader	71	+21
22	NORTH SEA GIANT II AS	Leader	70	+1
23	INDEPENDENT OIL TOOLS AS	Leader	70	+9
24	FOURPHASE AS	Leader	69	+9
25	ENHANCED DRILLING AS	Leader	69	0
26	REM SUBSEA AS	Leader	68	−20
27	PETROJARL I PRODUCTION AS	Leader	67	+53
28	INTELLISERV NORWAY AS	Leader	67	−19
29	SCAN TECH AS	Steward	67	0
30	TDW OFFSHORE SERVICES AS	Leader	66	+59
31	NORTH SEA ENABLER AS	Leader	65	–
32	FORCE TECHNOLOGY NORWAY AS	Steward	65	+7
33	MOHN DRILLING AS	Sprinter	65	+9
34	ODFJELL DRILLING AS	Leader	65	−9
35	HAVILA SUBSEA AS	Leader	64	+5
36	BOKA TOPAZ OPERATION AS	Steward	63	−11
37	WELLPARTNER AS	Leader	62	−16
38	CAPEOMEGA GAS TRANSPORTATION AS	Leader	61	−17
39	TOOLSERV AS	Leader	59	+14
40	AKER SOLUTIONS HOLDING AS	Steward	58	−17
41	IK SUBSEA AS	Leader	56	−15
42	SOURCE ENERGY AS	Sprinter	56	–
43	SARENS AS	Steward	56	−12
44	DEEPOCEAN GROUP HOLDING AS	Steward	55	−26
45	NORPIPE OIL AS	Sprinter	55	−15
46	PERENCO VIETNAM AS	Leader	54	−6
47	SUB SEA SERVICES AS	Sprinter	54	−13
48	NORTH SEA INFRASTRUCTURE AS	Sprinter	54	+1
49	KVENNA AS	Leader	53	−8
50	DEEP SEA DRILLING COMPANY I AS	Sprinter	53	+17

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Small

Small · 2024
#	Company	Profile	Score	Change
1	VHV CONSULTING AS	Leader	91	–
2	CINCLUS IV AS	Leader	85	+12
3	CAPTROL AS	Leader	80	+6
4	TE AKTIVA AS	Leader	78	+2
5	NORD AS	Leader	78	−6
6	EXPLONOR AS	Leader	78	−12
7	PROPLAN PROJECT PLANNING AS	Leader	77	+1
8	TECNOR AS	Leader	77	–
9	SJØLIE OFFSHORE AS	Leader	76	+7
10	CEMIKO AS	Leader	76	−5
11	FRANCON AS	Leader	76	−6
12	CONSTRUCTION SERVICES AS	Leader	75	+2
13	KONGSLIEN PETROPHYSICS AS	Leader	75	−11
14	JEPSEN OFFSHORE AS	Leader	74	−11
15	HVAC OFFSHORE AS	Leader	73	−19
16	ICR INTEGRITY NORGE AS	Leader	72	−3
17	R.NEVLAND AS	Leader	71	−9
18	WEST SUPPLY VII EIER AS	Leader	71	+4
19	WELL ID AS	Leader	70	+12
20	FLOWPARTNER AS	Leader	70	+2
21	NYNAS AS	Leader	69	+11
22	ALTERA INFRASTRUCTURE CREWING AS	Leader	69	+17
23	NITROGAS AS	Leader	69	−19
24	NYE FJELLBERG EIENDOM AS	Leader	68	+14
25	RPG NORGE AS	Leader	67	−11
26	SUPERIOR ENERGY SERVICES (NORWAY) AS	Leader	67	+4
27	OLYMPIC TRITON II AS	Sprinter	66	+27
28	SCANWELL AS	Leader	64	+7
29	HAVILA SUBSEA MANAGEMENT AS	Steward	64	−2
30	KIMEK OFFSHORE AS	Leader	63	+1
31	OLYMPIC TAURUS AS	Sprinter	62	+21
32	SPIRIT NORWAY HOLDING AS	Leader	62	–
33	ONSITE TREATMENT SERVICES AS	Leader	62	+3
34	MORE HOLDCO APPLY AS	Leader	61	−4
35	EQUINOR VENTURES AS	Steward	61	+2
36	SEA1 OFFSHORE INVEST AS	Leader	60	−2
37	IKM GRUPPEN AS	Steward	60	+15
38	HAUKAAS CONSULTING AS	Leader	60	−7
39	NØSTE ENERGI AS	Sprinter	59	+38
40	SAIPEM NORGE AS	Leader	59	−4
41	PETROMARIN HOLDING AS	Steward	59	−4
42	DOLPHIN DRILLING OPERATIONS AS	Steward	58	−3
43	PETRONOR AS	Sprinter	58	+7
44	RIG PARTNER PROJECT AS	Sprinter	58	−2
45	VERTECH OFFSHORE AS	Sprinter	58	+10
46	REMOTION AS	Leader	57	−15
47	PRA GROUP EUROPE PORTFOLIO AS	Steward	56	−16
48	HAVILA MARITIME DIS I AS	Sprinter	56	+25
49	BENGT ARE WÅGHEIM HOLDING AS	Sprinter	55	0
50	MANGERUD AS	Sprinter	55	−1

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A ranking is shown only when the tier has enough comparable companies for meaningful percentiles. Full ranking · Press mode

Biggest moves

TCO GROUP AS
From 2023 to 2024: the operating margin fell from 22.0% to −71.7% and went from a profit to a loss before tax.
−66
TDW OFFSHORE SERVICES AS
From 2023 to 2024: the operating margin rose from −8.1% to 21.7% and went from a loss to a profit before tax.
+59
WEATHERFORD NORGE AS
From 2023 to 2024: the operating margin fell from 10.2% to −16.7% and went from a profit to a loss before tax.
−54
PETROJARL I PRODUCTION AS
From 2023 to 2024: the operating margin rose from −29.5% to 11.1% and went from a loss to a profit before tax.
+53

Top lists in the sector · 2024

The five largest companies account for 75% of the sector's revenue. Combined profit before tax for the 324 ranked companies: 730,291 MNOK.

Highest revenue

EQUINOR ASA 779,351 MNOK
EQUINOR ENERGY AS 406,924 MNOK
AKER BP ASA 133,002 MNOK
VÅR ENERGI ASA 80,038 MNOK
TOTALENERGIES EP NORGE AS 69,149 MNOK

Operating revenue.

Highest operating margin

HAVILA SUBCON AS 304.3%
EQUINOR BTC CASPIAN AS 201.2%
HAVILA HARMONY AS 138.9%
EQUINOR APSHERON AS 110.5%
FC WELL INVEST AS 100.0%

Operating result divided by operating revenue.

Largest profit

EQUINOR ENERGY AS 300,028 MNOK
EQUINOR ASA 87,751 MNOK
AKER BP ASA 86,365 MNOK
TOTALENERGIES EP NORGE AS 47,401 MNOK
VÅR ENERGI ASA 35,594 MNOK

Profit before tax.

Largest loss

BAKER HUGHES NORGE AS −1,247 MNOK
TRANSOCEAN BARENTS ASA −1,111 MNOK
EQUINOR ARGENTINA AS −1,087 MNOK
KISTOS ENERGY (NORWAY) AS −737 MNOK
DOLPHIN DRILLING AS −574 MNOK

Profit before tax, the largest negative.

Most solid

Equity ratio: equity divided by total assets.

Fastest growth

SEADRILL OFFSHORE AS +3,937.3%
NOBLE INTREPID OPERATIONS AS +1,004.7%
SOLSTAD CONSTRUCTION AS +532.8%
FC WELL INVEST AS +450.0%
DEEP SEA DRILLING COMPANY I AS +174.7%

Revenue growth from the year before, only from at least NOK 10 million in revenue.

Largest revenue decline

AKER SOLUTIONS HOLDING AS −98.2%
TCO GROUP AS −95.4%
AKASTOR AS −91.5%
DOF SUBSEA REDERI III AS −70.4%
NOBLE DRILLING (NORWAY) AS −67.6%

Revenue decline from the year before, only from at least NOK 10 million in revenue.

Biggest climbers

TDW OFFSHORE SERVICES AS +59.0 points
PETROJARL I PRODUCTION AS +53.0 points
SOLSTAD CONSTRUCTION AS +50.1 points
NORMAND DRIFT AS +46.4 points
GINA KROG AS +40.8 points

Change in index points from the year before.

Biggest fallers

TCO GROUP AS −66.5 points
WEATHERFORD NORGE AS −54.3 points
DOLPHIN DRILLING OFFSHORE AS −40.3 points
BW OFFSHORE NORWAY AS −34.5 points
VAN OORD NORWAY AS −33.7 points

Change in index points from the year before.

Most employees

EQUINOR ASA 21,231
AKER SOLUTIONS AS 8,853
AKER BP ASA 3,127
HALLIBURTON AS 2,643
SCHLUMBERGER NORGE AS 2,490

Employees according to the Central Coordinating Register.

Highest revenue per employee

TOTALENERGIES EP NORGE AS 743.5 MNOK
ORLEN UPSTREAM NORWAY AS 284.8 MNOK
OMV NORGE AS 234.1 MNOK
HARBOUR ENERGY NORGE AS 163.9 MNOK
DNO NORGE AS 100.4 MNOK

Only companies with at least 5 employees.

The lists cover ranked companies: operating companies above the minimum revenue, without holding companies and excluded ones. Source: Brønnøysund Register Centre. Amounts in other currencies are converted at Norges Bank's rates.

Positions in the sector · 2024

Bubble size shows relative revenue, not exact figures. Dashed lines show where the 5 companies that moved most stood in 2023 (small ring).

DOLPHIN DRILLING OFFSHORE AS profitability 99 → 2, solidity 96 → 63
TDW OFFSHORE SERVICES AS profitability 5 → 83, solidity 6 → 65
PETROJARL I PRODUCTION AS profitability 1 → 77, solidity 18 → 70
ISLAND DRILLING COMPANY AS profitability 94 → 3, solidity 0 → 0
NØSTE ENERGI AS profitability 9 → 83, solidity 0 → 50

Show the positions as a list

Company	Profile	Profitability	Solidity	In 2023 (profitability / solidity)
FC WELL INVEST AS	Lion	100	100	72 / 98
EQUINOR MURZUQ AS	Lion	99	86	97 / 81
EQUINOR APSHERON AS	Lion	99	51	80 / 86
EXXONMOBIL EXPLORATION AND PRODUCTION NORWAY AS	Lion	97	97	–
A/S Norske Shell	Cheetah	96	4	86 / 7
VHV CONSULTING AS	Lion	96	82	–
HAVILA SUBCON AS	Cheetah	96	0	69 / 0
OLYMPIC CHALLENGER AS	Lion	96	92	79 / 56
EQUINOR ANGOLA BLOCK 31 AS	Cheetah	95	43	83 / 40
EQUINOR IN SALAH AS	Lion	94	82	89 / 84
PERENCO VIETNAM AS	Lion	93	53	94 / 51
OTECH MARINE SERVICES NORWAY AS	Cheetah	92	6	76 / 47
TOTALENERGIES EP NORGE AS	Cheetah	92	34	92 / 16
TECNOR AS	Lion	91	60	–
PROPROC AS	Cheetah	91	23	83 / 10
HAUKAAS CONSULTING AS	Lion	90	62	93 / 60
TE AKTIVA AS	Lion	90	73	91 / 62
OLYMPIC OFFSHORE WIND AS	Lion	90	55	88 / 48
FLUID CONTROL SERVICE AS	Lion	90	69	80 / 83
E PLUG AS	Lion	89	72	67 / 72
TASTA DRILLING AS	Cheetah	89	17	70 / 82
FRANCON AS	Lion	89	83	92 / 78
E INNOVATION NORGE AS	Cheetah	89	20	87 / 26
ROCKWOOD CONSULTING AS	Cheetah	89	19	88 / 21
REM SUBSEA AS	Lion	88	64	98 / 81
EXPLONOR AS	Lion	88	91	89 / 89
EQUINOR ENERGY AS	Lion	88	69	86 / 67
REM SALTIRE AS	Lion	87	77	79 / 58
RAMCO NORWAY AS	Lion	87	67	79 / 28
OLYMPIC ARTEMIS AS	Cheetah	87	49	82 / 22
EQUINOR ANGOLA BLOCK 15 AS	Lion	87	59	82 / 58
CAPTROL AS	Lion	87	79	70 / 83
EQUINOR DEZASSETE AS	Cheetah	87	47	90 / 36
OLYMPIC TAURUS AS	Cheetah	86	21	79 / 0
RIG PARTNER PROJECT AS	Cheetah	86	49	79 / 40
MANGERUD AS	Cheetah	86	34	87 / 34
SJØLIE OFFSHORE AS	Lion	86	64	84 / 53
OMV NORGE AS	Cheetah	86	16	86 / 15
ODFJELL DRILLING AS	Lion	86	56	86 / 62
HAVILA MARITIME DIS I AS	Cheetah	85	0	63 / 7
R.NEVLAND AS	Lion	84	72	90 / 69
EQUINOR ANGOLA BLOCK 17 AS	Cheetah	84	48	88 / 35
OLYMPIC TRITON II AS	Cheetah	84	30	70 / 15
PROPLAN PROJECT PLANNING AS	Lion	83	85	77 / 71
NØSTE ENERGI AS	Cheetah	83	50	9 / 0
OLYMPIC ELECTRA AS	Cheetah	83	0	91 / 0
TDW OFFSHORE SERVICES AS	Lion	83	65	5 / 6
INPEX IDEMITSU NORGE AS	Lion	83	88	88 / 80
EQUINOR IN AMENAS AS	Lion	83	92	78 / 91
NORTH SEA INFRASTRUCTURE AS	Cheetah	83	33	83 / 41
IZOMAX AS	Lion	82	83	89 / 66
NORTH SEA GIANT II AS	Lion	82	74	59 / 82
SUB SEA SERVICES AS	Cheetah	82	43	78 / 55
GINA KROG AS	Lion	81	84	37 / 29
WEST SUPPLY III AS	Lion	81	90	53 / 93
OMEGA SUBSEA AS	Lion	81	78	63 / 37
PETRONOR AS	Cheetah	80	25	68 / 24
PSW SOLUTIONS AS	Cheetah	80	28	81 / 32
CEMIKO AS	Lion	79	75	85 / 74
WELL ID AS	Lion	79	51	67 / 48
VERTECH OFFSHORE AS	Cheetah	79	24	80 / 18
CINCLUS IV AS	Lion	79	98	69 / 100
REACH SUBSEA SHIPPING AS	Lion	79	68	–
CONOCOPHILLIPS SKANDINAVIA AS	Cheetah	78	8	73 / 10
FLOWPARTNER AS	Lion	78	56	64 / 63
EQUINOR BTC CASPIAN AS	Cheetah	78	15	–
M VEST ENERGY AS	Cheetah	78	0	77 / 0
DF RENTAL AS	Cheetah	77	31	51 / 16
PETROJARL I PRODUCTION AS	Lion	77	70	1 / 18
IKM AQUAMARINE AS	Lion	76	73	68 / 52
OLYMPIC ARES AS	Lion	76	81	70 / 35
INDEPENDENT OIL TOOLS AS	Lion	76	79	72 / 67
KONGSLIEN PETROPHYSICS AS	Lion	75	89	80 / 88
CONSTRUCTION SERVICES AS	Lion	75	77	53 / 82
HAVILA SUBSEA AS	Lion	75	80	74 / 61
ORLEN UPSTREAM NORWAY AS	Lion	75	62	69 / 50
HARBOUR ENERGY NORGE AS	Lion	75	56	72 / 49
HVAC OFFSHORE AS	Lion	74	92	82 / 97
WEST SUPPLY VII EIER AS	Lion	74	64	63 / 68
MOHN DRILLING AS	Cheetah	74	41	78 / 30
AKER BP ASA	Lion	74	65	73 / 60
BW OFFSHORE NORWAY AS	Cheetah	73	35	71 / 89
SUPERIOR ENERGY SERVICES (NORWAY) AS	Lion	73	70	69 / 76
SOLSTAD CONSTRUCTION AS	Lion	72	73	78 / 0
WELLPARTNER AS	Lion	72	82	69 / 94
OLYMPIC OPERATION AS	Lion	72	62	63 / 31
NORMAND SUPERIOR AS	Cheetah	71	29	66 / 31
ENHANCED DRILLING AS	Lion	71	71	65 / 65
IK SUBSEA AS	Lion	71	51	70 / 61
OKEA ASA	Cheetah	71	14	36 / 5
JEPSEN OFFSHORE AS	Lion	70	97	72 / 89
PSW TECHNOLOGY AS	Cheetah	70	37	43 / 36
SCANWELL AS	Lion	70	67	52 / 56
NORMAND DRIFT AS	Lion	69	80	51 / 4
ENIFLUX AS	Cheetah	69	0	–
HAVILA HARMONY AS	Cheetah	69	0	95 / 0
SUBSEAPARTNER AS	Cheetah	69	38	71 / 49
OLYMPIC HOLDING CHARTERING AS	Lion	69	87	59 / 77
NYE FJELLBERG EIENDOM AS	Lion	69	63	72 / 17
NORTH SEA GIANT AS	Lion	68	93	45 / 99
DOF SUBSEA REDERI AS	Lion	68	85	77 / 72
INTELLISERV NORWAY AS	Lion	68	88	80 / 90
REMOTION AS	Lion	67	58	77 / 67
H&P DRILLING OFFSHORE SERVICES AS	Cheetah	67	0	63 / 0
DNO NORGE AS	Cheetah	67	10	70 / 13
OLYMPIC DELTA AS	Lion	67	54	73 / 44
KIMEK OFFSHORE AS	Lion	67	57	65 / 54
CAPEOMEGA GAS TRANSPORTATION AS	Lion	66	99	70 / 100
OLYMPIC CREW MANAGEMENT AS	Cheetah	65	9	72 / 8
EIDESVIK REACH AS	Lion	64	88	69 / 86
DEEPOCEAN AS	Lion	64	68	42 / 30
VÅR ENERGI ASA	Cheetah	64	5	58 / 21
RPG NORGE AS	Lion	64	84	78 / 73
HAVILA CHARTERING AS	Cheetah	63	0	75 / 0
NORTH SEA ENABLER AS	Lion	63	96	–
SOURCE ENERGY AS	Cheetah	63	47	–
NORPIPE OIL AS	Cheetah	63	36	78 / 46
SEA1 OFFSHORE MARITIME PERSONNEL AS	Cheetah	63	23	62 / 32
NORD AS	Lion	63	95	70 / 94
ALTERA INFRASTRUCTURE CREWING AS	Lion	63	71	55 / 42
SEA1 OFFSHORE INVEST AS	Lion	63	86	39 / 77
INTERWELL NORWAY AS	Lion	62	77	62 / 98
IKM TESTING AS	Lion	62	63	55 / 61
SPIRIT NORWAY HOLDING AS	Lion	62	77	–
IKM FLUID TREATMENT SOLUTIONS AS	Cheetah	62	37	18 / 32
TCO NORWAY AS	Cheetah	61	19	–
ONSITE TREATMENT SERVICES AS	Lion	60	61	56 / 55
OCEAN INSTALLER AS	Cheetah	60	22	48 / 52
NITROGAS AS	Lion	59	94	88 / 87
DEEP SEA DRILLING COMPANY I AS	Cheetah	58	22	56 / 14
SUBSEA 7 NORWAY AS	Lion	58	83	66 / 74
BENGT ARE WÅGHEIM HOLDING AS	Cheetah	58	45	55 / 51
NOS RENTAL AS	Cheetah	58	41	51 / 39
TOOLSERV AS	Lion	58	63	47 / 40
SUBSEA INSULATION AS	Cheetah	58	0	48 / 0
ICR INTEGRITY NORGE AS	Lion	57	89	59 / 80
SAIPEM NORGE AS	Lion	57	53	56 / 59
GM DEEPWATER CONSULTANCY AS	Lion	57	69	81 / 68
WEST SUPPLY VII DRIFT AS	Cheetah	57	22	32 / 70
MOORE ENERGY AS	Cheetah	57	19	22 / 50
FOURPHASE AS	Lion	57	89	14 / 92
WELLTEC OILFIELD SERVICES (NORWAY) AS	Cheetah	57	11	65 / 10
REPSOL NORGE AS	Cheetah	57	28	67 / 18
THREE60 ENERGY NORWAY AS	Cheetah	56	44	49 / 43
WAVZ ENGINEERING SERVICES AS	Lion	56	55	26 / 46
SEA1 OFFSHORE CREW AS	Cheetah	56	27	47 / 42
KVENNA AS	Lion	55	52	60 / 56
AKOFS OFFSHORE OPERATIONS AS	Cheetah	55	9	33 / 0
SIEM OFFSHORE OPCO AS	Cheetah	55	0	–
WELL INTERCEPT AS	Cheetah	55	28	55 / 28
PHRONTESEAS AS	Cheetah	55	42	49 / 37
DELMAR SYSTEMS AS	Cheetah	55	30	50 / 23
DOF SUBSEA NORWAY AS	Lion	54	95	71 / 88
DEEP C SOLUTIONS AS	Cheetah	54	18	59 / 29
NORTH ATLANTIC AS	Lion	54	76	57 / 78
MORE HOLDCO APPLY AS	Lion	53	68	58 / 58
NYNAS AS	Lion	53	88	49 / 84
BIRAL LUBRICANTS NORWAY AS	Cheetah	53	43	23 / 42
MYRHAUG MARINE AS	Lion	52	59	51 / 63
APPLY AS	Cheetah	51	36	41 / 44
SAIPEM DRILLING NORWAY AS	Cheetah	51	31	43 / 12
ONESUBSEA AS	Beaver	49	7	48 / 0
PANDION ENERGY AS	Beaver	49	27	52 / 33
ASSET INTEGRITY AS	Beaver	49	33	67 / 57
VETCO GRAY SCANDINAVIA AS	Beaver	49	45	10 / 38
H&P DRILLING NORGE AS	Beaver	49	30	20 / 66
SEA1 OFFSHORE REDERI AS	Elephant	49	66	73 / 77
HAVILA SUBSEA MANAGEMENT AS	Elephant	48	74	56 / 73
NORDIC SUBSEA AS	Beaver	48	40	14 / 37
AKOFS NORWAY OPERATIONS AS	Beaver	47	46	10 / 44
OLYMPIC CREWING AS	Beaver	47	13	65 / 39
JACKTEL AS	Elephant	47	75	45 / 73
KANFA AS	Beaver	47	48	46 / 53
RIG LINUS CONTRACTOR AS	Beaver	47	7	6 / 0
SCAN TECH AS	Elephant	46	95	43 / 97
DEEP SEA MANAGEMENT INTERNATIONAL AS	Beaver	46	16	26 / 9
NORTH SEA RIGS AS	Beaver	46	25	14 / 27
FORCE TECHNOLOGY NORWAY AS	Elephant	45	85	33 / 80
CONNECTOR SUBSEA SOLUTIONS AS	Elephant	45	66	64 / 64
IKM SUBSEA AS	Beaver	45	25	19 / 27
NINE DOWNHOLE NORWAY AS	Beaver	44	24	62 / 30
IKM GRUPPEN AS	Elephant	43	78	37 / 65
DIESEL CARE AS	Beaver	43	14	52 / 20
IOSOLUTIONS AS	Beaver	43	0	66 / 0
KAEFER ENERGY AS	Elephant	43	60	33 / 53
ALLSEAS NORWAY AS	Elephant	42	60	23 / 41
SARENS AS	Elephant	42	59	78 / 61
WEST ASSET MANAGEMENT AS	Beaver	42	38	–
ODFJELL TECHNOLOGY AS	Elephant	42	57	32 / 59
APL NORWAY AS	Elephant	41	86	54 / 84
ODFJELL WELL SERVICES NORWAY AS	Beaver	41	15	50 / 16
TASIK TOBA SUBSEA AS	Beaver	41	0	86 / 0
AKER SOLUTIONS ASA	Beaver	40	32	44 / 49
DEEPOCEAN CORPORATE AS	Beaver	40	9	–
ON & OFFSHORE SERVICES AS	Beaver	40	32	62 / 38
ARCHER OILTOOLS AS	Beaver	40	13	50 / 22
EQUINOR ASA	Elephant	40	76	42 / 69
DOLPHIN DRILLING OPERATIONS AS	Elephant	40	80	37 / 75
OCEANEERING AS	Elephant	40	97	27 / 94
SEA1 MARINE CREW AS	Beaver	39	8	–
INTERWELL AS	Beaver	39	22	21 / 45
PETROLIA NOCO AS	Beaver	39	0	6 / 0
LOGE RESOURCES AS	Beaver	39	39	32 / 35
TIOS CREWING AS	Beaver	39	43	15 / 45
SEA1 OFFSHORE AS	Beaver	37	45	17 / 68
DOF SUBSEA CHARTERING AS	Beaver	37	18	50 / 21
BEERENBERG SERVICES AS	Elephant	37	53	37 / 55
MORELD GROUP AS	Elephant	36	66	–
GHANA FPSO OPERATIONS AS	Beaver	36	13	71 / 13
ARCHER NORGE AS	Beaver	36	38	33 / 47
KISTOS ENERGY (NORWAY) AS	Beaver	36	0	7 / 11
LIME PETROLEUM AS	Beaver	36	0	11 / 0
ARCHER AS	Beaver	36	39	39 / 47
AKASTOR ASA	Elephant	36	93	17 / 79
GRAND CANYON OPERATION 2 AS	Beaver	35	21	31 / 15
HAVEN RIGCO AS	Elephant	35	96	–
DEEPOCEAN GROUP HOLDING AS	Elephant	34	79	55 / 91
BOKA TOPAZ OPERATION AS	Elephant	34	91	35 / 95
ATLANTIC OFFSHORE ALPHA AS	Elephant	34	60	11 / 24
HAVILA SUBSEA CREWING AS	Beaver	34	27	43 / 66
NOV PROCESS & FLOW TECHNOLOGIES AS	Beaver	34	50	27 / 43
TECHDOF BRASIL AS	Elephant	34	71	46 / 71
S-ENERGY AS	Beaver	33	44	37 / 19
NOBLE INTREPID OPERATIONS AS	Elephant	33	96	36 / 52
MARDAHL INDUSTRI AS	Beaver	33	10	26 / 11
VOLANTIS OPERATION AS	Beaver	33	0	36 / 0
IK GROUP AS	Beaver	33	11	–
ODFJELL INVEST AS	Elephant	33	57	45 / 57
NORTH SEA OFFSHORE AS	Beaver	33	13	38 / 12
OFFSHORE RESOURCE GROUP AS	Beaver	32	0	5 / 0
DEEP SEA RIG AS	Beaver	32	19	33 / 14
JWS GRUPPEN AS	Elephant	31	68	35 / 70
NOBLE INVINCIBLE OPERATIONS AS	Beaver	31	14	25 / 8
PETROMARIN HOLDING AS	Elephant	31	94	12 / 90
JANSEN OG WILLUMSEN SERVICES AS	Beaver	31	48	39 / 43
AKER SOLUTIONS HOLDING AS	Elephant	31	98	86 / 89
NOBLE INTEGRATOR OPERATIONS AS	Beaver	31	13	42 / 34
AKASTOR AS	Elephant	30	76	84 / 79
VAN OORD NORWAY AS	Beaver	30	42	48 / 75
NORTH SEA SHIPPING HOLDING AS	Beaver	30	34	34 / 49
HALLIBURTON AS	Elephant	30	74	46 / 64
LINJEBYGG AS	Beaver	30	42	23 / 24
AKER SOLUTIONS AS	Beaver	30	25	8 / 27
TENDEKA AS	Beaver	29	28	44 / 50
DEEP SEA DRILLING COMPANY AS	Beaver	29	24	32 / 22
ALFA NORDIC SERVICES AS	Beaver	29	46	20 / 54
SCHLUMBERGER NORGE AS	Beaver	28	40	27 / 46
SHELF DRILLING (NORWAY) AS	Beaver	27	10	44 / 9
CIMC OFFSHORE AS	Beaver	27	0	7 / 0
SOLSTAD SUPERIOR AS	Beaver	26	26	44 / 20
IO ULSTEINVIK AS	Beaver	26	12	30 / 11
BABYSHOP SENGEMAGASINET AS	Beaver	26	0	21 / 0
TRANSOCEAN NORWAY OPERATIONS AS	Beaver	25	11	24 / 2
GRAND CANYON OPERATION 3 AS	Beaver	25	39	28 / 33
SAGA OFFSHORE PARTNERS AS	Beaver	24	47	22 / 44
NORTH SEA SHIPPING AS	Beaver	24	34	21 / 35
DOF SUBSEA AS	Elephant	24	56	18 / 69
BILFINGER ISP OFFSHORE NORWAY AS	Elephant	24	100	28 / 95
SUPPLY CHAIN MANAGEMENT SERVICES AS	Elephant	24	65	64 / 64
SEADRILL OFFSHORE AS	Elephant	22	91	11 / 80
PRA GROUP EUROPE PORTFOLIO AS	Elephant	21	98	32 / 99
BOSKALIS OFFSHORE AS	Beaver	21	46	30 / 87
ODFJELL INVEST II AS	Beaver	21	21	26 / 29
GC RIEBER SHIPPING AS	Elephant	20	85	20 / 86
GENESIS ENERGIES NORWAY AS	Beaver	20	0	26 / 0
DNO TECHNICAL SERVICES AS	Elephant	20	58	14 / 70
ISLAND OFFSHORE MANAGEMENT AS	Beaver	20	17	22 / 75
INDUSTRIDYKK AS	Beaver	20	36	67 / 33
ALTERA INFRASTRUCTURE PRODUCTION AS	Beaver	20	24	37 / 17
SCANA ASA	Elephant	20	72	25 / 72
ISLAND DRILLING CREWING AS	Beaver	19	5	15 / 4
HAVILA SERVICE AS	Beaver	19	0	25 / 0
PETORO AS	Beaver	19	20	15 / 26
AXTECH AS	Elephant	19	54	17 / 57
HUNTING ENERGY SERVICES (NORWAY) AS	Elephant	18	52	12 / 75
NDT GLOBAL AS	Beaver	18	39	8 / 25
MOHR AS	Elephant	17	81	59 / 77
AVIUM SUBSEA AS	Beaver	17	0	15 / 0
ISLAND OFFSHORE CREWING AS	Beaver	17	12	15 / 19
H&P MODU OPERATIONS AS	Beaver	17	18	6 / 19
TWMA NORGE AS	Beaver	17	0	13 / 41
ISLAND DRILLING MANAGEMENT AS	Elephant	16	51	78 / 54
OPTIME SUBSEA AS	Beaver	16	40	52 / 40
NORAM DRILLING AS	Elephant	15	87	17 / 91
TRADE TECH AS	Beaver	15	16	45 / 28
ODFJELL WELL SERVICES AS	Beaver	14	8	25 / 9
DEEP SEA MANAGEMENT AS	Beaver	14	2	11 / 8
SONGA OFFSHORE RIG 3 AS	Beaver	13	0	67 / 0
DNO ASA	Elephant	13	55	29 / 76
WOOD GROUP NORWAY AS	Elephant	12	54	20 / 26
CLAXTON ENGINEERING SERVICES AS	Beaver	12	0	8 / 13
TCO GROUP AS	Beaver	11	35	89 / 74
ÅLESUND SUBSEA AS	Beaver	11	0	–
NOBLE DRILLING (NORWAY) AS	Beaver	11	0	34 / 0
DEEP CYGNUS OPERATION AS	Elephant	10	61	21 / 60
COSL OFFSHORE MANAGEMENT AS	Elephant	10	89	6 / 100
NAMTVEDT -SEALMAKER SERVICES AS	Beaver	9	0	57 / 0
AKOFS 2 AS	Elephant	9	50	5 / 63
EXPRO NORWAY AS	Beaver	9	0	62 / 0
DOF SUBSEA REDERI III AS	Beaver	9	0	92 / 0
ROV & DYKKER SERVICE AS	Elephant	9	81	33 / 85
ARCHER VERTIKAL AS	Beaver	9	31	81 / 24
EQUINOR VENTURES AS	Elephant	9	100	7 / 98
OMEGA WELL INTERVENTION AS	Beaver	9	0	7 / 36
INEOS E&P (NORGE) PETROLEUM DK AS	Beaver	8	0	–
WEATHERFORD NORGE AS	Beaver	8	30	52 / 78
NORTERMINAL RESPONSE AS	Beaver	7	0	17 / 0
BISN NORWAY AS	Beaver	7	0	–
PETRO WELL SERVICES AS	Beaver	7	0	7 / 30
SLB KRISTIANSAND AS	Beaver	6	29	5 / 5
ALTUS INTERVENTION AS	Elephant	6	94	37 / 92
EQUINOR ANGOLA AS	Elephant	5	99	6 / 93
EQUINOR LIBYA AS	Beaver	4	47	4 / 58
CONCEDO AS	Beaver	4	26	–
ISLAND DRILLING COMPANY AS	Beaver	3	0	94 / 0
BAKER HUGHES NORGE AS	Elephant	3	79	3 / 83
DNO IRAQ AS	Elephant	3	98	35 / 97
DOLPHIN DRILLING AS	Elephant	3	90	32 / 92
EQUINOR ARGENTINA AS	Elephant	3	94	–
ODFJELL OPERATIONS AS	Beaver	2	33	3 / 32
DOLPHIN DRILLING OFFSHORE AS	Elephant	2	63	99 / 96
JAPEX NORGE AS	Elephant	1	71	2 / 38
TRANSOCEAN BARENTS ASA	Beaver	1	0	1 / 13
EQUINOR REFINING NORWAY AS	Beaver	1	37	0 / 63

Sector article · yearly

This year's sector article is coming

Winners, losers and trends in the sector, written by Morning Analytics and reviewed by a person, with sources under every claim.

Coming · not built yet

The sector in numbers

Summary · fiscal year 2024

The sector's median operating margin is 6.8%. 93 of 596 companies have negative equity. The median equity ratio is 29.4%.

Companies with accounts596

Total revenue1,961,357 MNOK

Median operating margin6.8%

Median equity ratio29.4%

Share with a loss35%

Share with negative equity16%

All figures are for fiscal year 2024. Ranked: 324 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index

39 companies report in another currency. Their revenue is converted at the mean rate for the accounting period and makes up 76% of the total.

Climbers and fallers

Change in rank from 2023 to 2024, for 302 companies ranked in both years.

Climbers

257PETROJARL I PRODUCTION ASfrom rank 316 to 5967
256TDW OFFSHORE SERVICES ASfrom rank 323 to 6766
252SOLSTAD CONSTRUCTION ASfrom rank 260 to 881
239NORMAND DRIFT ASfrom rank 278 to 3972
212GINA KROG ASfrom rank 244 to 3274

Fallers

292TCO GROUP ASfrom rank 16 to 30818
257WEATHERFORD NORGE ASfrom rank 49 to 30619
219DOLPHIN DRILLING OFFSHORE ASfrom rank 32 to 25136
189ISLAND DRILLING MANAGEMENT ASfrom rank 60 to 24937
180DOLPHIN DRILLING ASfrom rank 100 to 28029

Awards · 2024

Most profitableHAVILA SUBCON AS304.3%

Fastest growthPETROLIA NOCO AS7,174.3%

Strongest balance sheetEQUINOR VENTURES AS99.9%

Largest revenueEQUINOR ASA779,351 MNOK

Highest revenue per employeeTOTALENERGIES EP NORGE AS743.5 MNOK

Needs attention · 2024

323 companies show at least one warning sign. Showing the 15 most important.

criticalSONGA OFFSHORE RIG 3 ASNegative equity · Current ratio below 1 (0.31) · Loss before tax
criticalEXPRO NORWAY ASNegative equity · Current ratio below 1 (0.78) · Loss before tax
criticalISLAND DRILLING COMPANY ASNegative equity · Current ratio below 1 (0.32) · Loss before tax
criticalNOBLE DRILLING (NORWAY) ASNegative equity · Current ratio below 1 (0.72) · Loss before tax
criticalDOF SUBSEA REDERI III ASNegative equity · Current ratio below 1 (0.31) · Loss before tax
criticalCLAXTON ENGINEERING SERVICES ASNegative equity · Current ratio below 1 (0.80) · Loss before tax
criticalTRANSOCEAN BARENTS ASANegative equity · Current ratio below 1 (0.09) · Loss before tax
criticalAVIUM SUBSEA ASNegative equity · Current ratio below 1 (0.04) · Loss before tax
criticalHAVILA SERVICE ASNegative equity · Current ratio below 1 (0.90) · Loss before tax
criticalGENESIS ENERGIES NORWAY ASNegative equity · Current ratio below 1 (0.74) · Loss before tax
criticalHAVILA HARMONY ASNegative equity · Current ratio below 1 (0.89) · Loss before tax
criticalTWMA NORGE ASNegative equity · Current ratio below 1 (0.87) · Loss before tax
criticalIOSOLUTIONS ASNegative equity · Current ratio below 1 (0.37) · Loss before tax
criticalÅLESUND SUBSEA ASNegative equity · Current ratio below 1 (0.31) · Loss before tax
criticalOMEGA WELL INTERVENTION ASNegative equity · Current ratio below 1 (0.88) · Loss before tax

Sector map · 2024

Profitability against solidity for the ranked companies. Size shows revenue. Coral triangle: negative equity. Click to open the company. Outliers are placed on the edge.

Show the map's figures as a table

Company	Operating margin	Equity ratio	Revenue
EXXONMOBIL EXPLORATION AND PRODUCTION NORWAY AS	94.5%	90.5%	520 MNOK
OLYMPIC CHALLENGER AS	89.3%	78.1%	142 MNOK
VHV CONSULTING AS	93.1%	83.2%	1 MNOK
CINCLUS IV AS	88.2%	99.8%	5 MNOK
REM SALTIRE AS	66.3%	48.8%	209 MNOK
WEST SUPPLY III AS	46.6%	68.5%	501 MNOK
OMEGA SUBSEA AS	15.1%	49.5%	738 MNOK
SOLSTAD CONSTRUCTION AS	34.6%	35.8%	1,327 MNOK
CAPTROL AS	48.7%	78.9%	3 MNOK
FC WELL INVEST AS	100.0%	99.4%	713 MNOK
OLYMPIC ARES AS	71.8%	53.7%	127 MNOK
EQUINOR MURZUQ AS	88.8%	51.2%	1,306 MNOK
TE AKTIVA AS	57.2%	74.1%	3 MNOK
NORD AS	62.8%	96.2%	2 MNOK
OLYMPIC OFFSHORE WIND AS	79.5%	34.2%	179 MNOK
EXPLONOR AS	80.8%	90.9%	3 MNOK
PROPLAN PROJECT PLANNING AS	34.0%	85.8%	2 MNOK
REACH SUBSEA SHIPPING AS	11.2%	43.1%	637 MNOK
DOF SUBSEA NORWAY AS	10.2%	66.1%	1,151 MNOK
TECNOR AS	47.3%	56.7%	3 MNOK
DOF SUBSEA REDERI AS	67.4%	46.4%	2,073 MNOK
NORTH SEA GIANT AS	10.2%	79.1%	403 MNOK
SJØLIE OFFSHORE AS	46.8%	63.0%	3 MNOK
INPEX IDEMITSU NORGE AS	60.9%	53.4%	7,648 MNOK
CEMIKO AS	28.6%	75.8%	2 MNOK
FRANCON AS	55.9%	83.7%	3 MNOK
CONSTRUCTION SERVICES AS	23.5%	77.3%	10 MNOK
IKM AQUAMARINE AS	15.7%	45.7%	170 MNOK
KONGSLIEN PETROPHYSICS AS	39.4%	88.9%	2 MNOK
NOBLE INTREPID OPERATIONS AS	−8.5%	88.3%	137 MNOK
JEPSEN OFFSHORE AS	32.2%	96.8%	2 MNOK
GINA KROG AS	11.9%	57.4%	495 MNOK
FLUID CONTROL SERVICE AS	30.3%	44.5%	207 MNOK
EIDESVIK REACH AS	39.3%	62.2%	134 MNOK
E PLUG AS	33.0%	45.5%	323 MNOK
RAMCO NORWAY AS	19.5%	42.9%	224 MNOK
HVAC OFFSHORE AS	20.8%	91.1%	2 MNOK
IZOMAX AS	28.4%	57.1%	181 MNOK
NORMAND DRIFT AS	31.1%	43.5%	1,295 MNOK
ICR INTEGRITY NORGE AS	16.6%	89.6%	33 MNOK
OLYMPIC ARTEMIS AS	79.7%	32.0%	101 MNOK
SUBSEA 7 NORWAY AS	9.5%	45.5%	11,626 MNOK
R.NEVLAND AS	32.8%	72.8%	3 MNOK
WEST SUPPLY VII EIER AS	73.4%	64.2%	24 MNOK
OLYMPIC HOLDING CHARTERING AS	7.6%	58.2%	707 MNOK
OLYMPIC OPERATION AS	7.2%	39.5%	333 MNOK
NORTH SEA GIANT II AS	67.9%	46.3%	246 MNOK
WELL ID AS	30.9%	49.2%	52 MNOK
INDEPENDENT OIL TOOLS AS	26.7%	51.6%	212 MNOK
FLOWPARTNER AS	13.0%	53.2%	69 MNOK
NYNAS AS	17.9%	88.4%	43 MNOK
INTERWELL NORWAY AS	27.0%	39.2%	2,072 MNOK
ALTERA INFRASTRUCTURE CREWING AS	4.4%	71.7%	79 MNOK
FOURPHASE AS	10.2%	67.8%	200 MNOK
NITROGAS AS	21.3%	94.3%	3 MNOK
ENHANCED DRILLING AS	26.0%	45.1%	547 MNOK
REM SUBSEA AS	74.9%	40.8%	268 MNOK
NYE FJELLBERG EIENDOM AS	46.7%	62.7%	1 MNOK
PETROJARL I PRODUCTION AS	11.1%	44.7%	852 MNOK
RPG NORGE AS	7.5%	84.5%	5 MNOK
EQUINOR IN AMENAS AS	57.8%	63.2%	2,543 MNOK
HARBOUR ENERGY NORGE AS	59.6%	24.5%	48,691 MNOK
SUPERIOR ENERGY SERVICES (NORWAY) AS	19.3%	70.7%	18 MNOK
INTELLISERV NORWAY AS	17.4%	60.2%	122 MNOK
SCAN TECH AS	7.6%	84.6%	254 MNOK
OLYMPIC TRITON II AS	72.8%	21.5%	90 MNOK
TDW OFFSHORE SERVICES AS	21.7%	41.4%	235 MNOK
NORTH SEA ENABLER AS	40.4%	86.0%	123 MNOK
FORCE TECHNOLOGY NORWAY AS	4.0%	57.6%	280 MNOK
EQUINOR ANGOLA BLOCK 15 AS	64.1%	25.9%	4,753 MNOK
MOHN DRILLING AS	14.5%	24.7%	235 MNOK
EQUINOR ANGOLA BLOCK 31 AS	76.1%	19.6%	3,172 MNOK
ODFJELL DRILLING AS	21.8%	34.8%	974 MNOK
HAVILA SUBSEA AS	79.7%	52.8%	114 MNOK
SCANWELL AS	13.2%	66.9%	39 MNOK
HAVILA SUBSEA MANAGEMENT AS	6.9%	74.6%	40 MNOK
KIMEK OFFSHORE AS	9.3%	54.3%	29 MNOK
BOKA TOPAZ OPERATION AS	1.2%	68.7%	170 MNOK
ORLEN UPSTREAM NORWAY AS	48.6%	26.9%	31,325 MNOK
OCEANEERING AS	10.3%	66.9%	1,888 MNOK
OLYMPIC TAURUS AS	76.6%	16.8%	91 MNOK
DEEPOCEAN AS	11.1%	31.4%	6,089 MNOK
SPIRIT NORWAY HOLDING AS	99.7%	76.1%	54 MNOK
WELLPARTNER AS	19.3%	53.8%	139 MNOK
ONSITE TREATMENT SERVICES AS	10.0%	57.8%	96 MNOK
HALLIBURTON AS	6.0%	37.4%	10,220 MNOK
CAPEOMEGA GAS TRANSPORTATION AS	95.5%	95.0%	393 MNOK
EQUINOR IN SALAH AS	67.6%	43.5%	4,510 MNOK
MORE HOLDCO APPLY AS	−3.2%	67.2%	5 MNOK
IKM TESTING AS	14.8%	29.4%	2,002 MNOK
EQUINOR VENTURES AS	−432.3%	99.9%	70 MNOK
SEA1 OFFSHORE INVEST AS	8.1%	86.2%	50 MNOK
COSL OFFSHORE MANAGEMENT AS	−1.2%	56.9%	3,301 MNOK
IKM GRUPPEN AS	−38.9%	77.4%	90 MNOK
HAUKAAS CONSULTING AS	60.1%	62.1%	3 MNOK
NØSTE ENERGI AS	17.5%	44.4%	8 MNOK
AKER BP ASA	66.8%	30.1%	133,002 MNOK
SAIPEM NORGE AS	7.7%	51.6%	70 MNOK
BILFINGER ISP OFFSHORE NORWAY AS	6.3%	79.7%	2,134 MNOK
PETROMARIN HOLDING AS	−33.7%	94.5%	5 MNOK
TOOLSERV AS	8.6%	39.8%	104 MNOK
DOLPHIN DRILLING OPERATIONS AS	4.2%	79.9%	40 MNOK
PETRONOR AS	10.4%	11.4%	2 MNOK
RIG PARTNER PROJECT AS	29.9%	44.3%	3 MNOK
EQUINOR APSHERON AS	110.5%	21.6%	6,246 MNOK
VERTECH OFFSHORE AS	26.9%	19.0%	89 MNOK
AKER SOLUTIONS HOLDING AS	−26.4%	93.9%	174 MNOK
REMOTION AS	17.0%	55.0%	85 MNOK
TOTALENERGIES EP NORGE AS	68.7%	15.3%	69,149 MNOK
IK SUBSEA AS	12.1%	33.6%	209 MNOK
PRA GROUP EUROPE PORTFOLIO AS	−7.0%	99.8%	9 MNOK
SOURCE ENERGY AS	20.6%	31.7%	349 MNOK
HAVILA MARITIME DIS I AS	47.6%	−0.1%	59 MNOK
EQUINOR ENERGY AS	72.4%	34.8%	406,924 MNOK
SARENS AS	5.8%	35.7%	143 MNOK
BENGT ARE WÅGHEIM HOLDING AS	6.4%	38.6%	3 MNOK
MANGERUD AS	33.0%	22.8%	3 MNOK
OKEA ASA	44.1%	5.6%	11,246 MNOK
DEEPOCEAN GROUP HOLDING AS	−10.8%	52.1%	266 MNOK
NORPIPE OIL AS	25.0%	22.5%	294 MNOK
NOV PROCESS & FLOW TECHNOLOGIES AS	5.0%	20.3%	2,757 MNOK
WAVZ ENGINEERING SERVICES AS	6.5%	52.5%	2 MNOK
EQUINOR DEZASSETE AS	64.4%	20.1%	5,335 MNOK
SEADRILL OFFSHORE AS	6.5%	60.0%	1,815 MNOK
EQUINOR ASA	14.3%	37.6%	779,351 MNOK
PERENCO VIETNAM AS	71.2%	33.8%	237 MNOK
SUB SEA SERVICES AS	19.8%	28.4%	326 MNOK
NORTH SEA INFRASTRUCTURE AS	46.6%	21.5%	890 MNOK
AKASTOR AS	−42.5%	75.8%	57 MNOK
GM DEEPWATER CONSULTANCY AS	6.8%	70.4%	2 MNOK
OLYMPIC DELTA AS	39.8%	52.1%	69 MNOK
KVENNA AS	11.0%	33.7%	103 MNOK
DEEP SEA DRILLING COMPANY I AS	2.7%	13.8%	190 MNOK
THREE60 ENERGY NORWAY AS	5.1%	29.1%	708 MNOK
SUBSEAPARTNER AS	12.9%	22.8%	178 MNOK
NOS RENTAL AS	16.4%	32.4%	42 MNOK
KAEFER ENERGY AS	6.6%	26.6%	2,567 MNOK
EQUINOR ANGOLA BLOCK 17 AS	61.7%	20.2%	7,134 MNOK
TASTA DRILLING AS	42.9%	9.9%	5 MNOK
APL NORWAY AS	6.6%	57.9%	848 MNOK
IKM FLUID TREATMENT SOLUTIONS AS	8.2%	26.4%	63 MNOK
HAVILA SUBCON AS	304.3%	−17.1%	62 MNOK
NORMAND SUPERIOR AS	78.4%	21.0%	84 MNOK
GC RIEBER SHIPPING AS	−22.6%	85.3%	24 MNOK
PSW SOLUTIONS AS	21.4%	20.3%	94 MNOK
PROPROC AS	40.8%	18.7%	2 MNOK
JAPEX NORGE AS	−139.8%	45.2%	191 MNOK
JWS GRUPPEN AS	0.5%	69.8%	13 MNOK
MYRHAUG MARINE AS	6.2%	55.6%	6 MNOK
ROCKWOOD CONSULTING AS	33.7%	15.0%	2 MNOK
VETCO GRAY SCANDINAVIA AS	9.9%	19.7%	3,185 MNOK
E INNOVATION NORGE AS	36.2%	15.5%	49 MNOK
JACKTEL AS	12.3%	46.7%	555 MNOK
BW OFFSHORE NORWAY AS	5.9%	21.9%	422 MNOK
ALLSEAS NORWAY AS	2.5%	36.0%	678 MNOK
DEEP C SOLUTIONS AS	6.9%	12.8%	67 MNOK
PSW TECHNOLOGY AS	8.9%	22.5%	779 MNOK
DF RENTAL AS	35.8%	21.8%	39 MNOK
NORDIC SUBSEA AS	6.9%	31.2%	5 MNOK
OTECH MARINE SERVICES NORWAY AS	32.1%	0.2%	115 MNOK
REPSOL NORGE AS	22.1%	12.2%	6,879 MNOK
ALTUS INTERVENTION AS	−1.6%	65.4%	1,267 MNOK
ATLANTIC OFFSHORE ALPHA AS	3.7%	57.0%	44 MNOK
AKASTOR ASA	−1,850.0%	93.9%	2 MNOK
MOHR AS	−10.8%	80.2%	3 MNOK
ENIFLUX AS	22.9%	−3.4%	8 MNOK
CONNECTOR SUBSEA SOLUTIONS AS	7.3%	42.2%	139 MNOK
AKOFS OFFSHORE OPERATIONS AS	21.4%	3.8%	109 MNOK
AKOFS NORWAY OPERATIONS AS	4.1%	31.4%	856 MNOK
ARCHER OILTOOLS AS	7.8%	5.4%	1,333 MNOK
DNO IRAQ AS	−25.9%	75.8%	2,482 MNOK
OCEAN INSTALLER AS	13.7%	9.3%	4,059 MNOK
EQUINOR ANGOLA AS	−477.4%	99.8%	3 MNOK
BOSKALIS OFFSHORE AS	0.9%	31.7%	203 MNOK
HAVEN RIGCO AS	6.0%	96.6%	7 MNOK
KANFA AS	6.2%	31.8%	399 MNOK
BEERENBERG SERVICES AS	5.8%	22.1%	2,721 MNOK
JANSEN OG WILLUMSEN SERVICES AS	0.5%	44.1%	80 MNOK
NORTH ATLANTIC AS	7.0%	47.3%	113 MNOK
WELL INTERCEPT AS	18.7%	20.8%	4 MNOK
NINE DOWNHOLE NORWAY AS	3.1%	19.2%	81 MNOK
ONESUBSEA AS	7.7%	3.9%	15,346 MNOK
APPLY AS	5.1%	15.4%	3,983 MNOK
PHRONTESEAS AS	0.9%	32.9%	55 MNOK
SEA1 OFFSHORE AS	−8.8%	29.3%	154 MNOK
SUPPLY CHAIN MANAGEMENT SERVICES AS	−0.5%	65.7%	56 MNOK
WEST SUPPLY VII DRIFT AS	7.2%	17.4%	35 MNOK
TCO NORWAY AS	8.3%	9.0%	425 MNOK
DEEP SEA RIG AS	3.5%	8.5%	1,599 MNOK
LINJEBYGG AS	4.3%	19.4%	1,285 MNOK
DEEP SEA MANAGEMENT INTERNATIONAL AS	1.3%	7.5%	318 MNOK
ODFJELL TECHNOLOGY AS	3.6%	35.2%	545 MNOK
A/S Norske Shell	79.4%	3.8%	26,006 MNOK
ODFJELL INVEST AS	3.3%	25.5%	1,596 MNOK
NORTH SEA RIGS AS	1.1%	19.3%	59 MNOK
DOF SUBSEA AS	−50.0%	54.2%	21 MNOK
SEA1 OFFSHORE MARITIME PERSONNEL AS	4.0%	14.3%	373 MNOK
TIOS CREWING AS	1.2%	33.8%	69 MNOK
SEA1 OFFSHORE CREW AS	3.0%	16.7%	313 MNOK
DNO ASA	−60.4%	34.6%	270 MNOK
VOLANTIS OPERATION AS	2.1%	−14.0%	112 MNOK
SCANA ASA	−133.4%	73.3%	25 MNOK
OMV NORGE AS	59.2%	7.3%	19,193 MNOK
CONOCOPHILLIPS SKANDINAVIA AS	52.9%	4.1%	41,859 MNOK
LOGE RESOURCES AS	3.7%	29.2%	2 MNOK
GRAND CANYON OPERATION 2 AS	1.1%	11.4%	195 MNOK
DELMAR SYSTEMS AS	6.2%	19.0%	171 MNOK
ASSET INTEGRITY AS	4.9%	22.7%	17 MNOK
NORTH SEA SHIPPING HOLDING AS	−1,413.8%	23.7%	2 MNOK
S-ENERGY AS	0.7%	34.8%	1 MNOK
H&P DRILLING NORGE AS	6.6%	12.4%	2,042 MNOK
EQUINOR BTC CASPIAN AS	201.2%	7.9%	95 MNOK
BAKER HUGHES NORGE AS	−12.4%	39.9%	3,887 MNOK
HUNTING ENERGY SERVICES (NORWAY) AS	−16.5%	51.4%	39 MNOK
GRAND CANYON OPERATION 3 AS	−0.7%	23.5%	166 MNOK
SAIPEM DRILLING NORWAY AS	29.0%	12.5%	2,225 MNOK
BIRAL LUBRICANTS NORWAY AS	9.8%	33.9%	2 MNOK
DNO TECHNICAL SERVICES AS	0.0%	35.4%	237 MNOK
MOORE ENERGY AS	22.5%	14.8%	5 MNOK
NORAM DRILLING AS	−589.1%	87.7%	1 MNOK
SCHLUMBERGER NORGE AS	6.9%	19.3%	9,991 MNOK
HAVILA CHARTERING AS	8.7%	−103.1%	131 MNOK
TECHDOF BRASIL AS	22.9%	35.3%	1,128 MNOK
OLYMPIC CREW MANAGEMENT AS	3.7%	0.3%	80 MNOK
VAN OORD NORWAY AS	3.3%	27.6%	910 MNOK
OLYMPIC ELECTRA AS	53.1%	−63.6%	44 MNOK
ALFA NORDIC SERVICES AS	0.2%	39.5%	54 MNOK
LIME PETROLEUM AS	12.8%	−4.0%	2,656 MNOK
DIESEL CARE AS	7.2%	5.5%	8 MNOK
SOLSTAD SUPERIOR AS	2.9%	16.4%	156 MNOK
ROV & DYKKER SERVICE AS	−43.2%	83.0%	3 MNOK
H&P DRILLING OFFSHORE SERVICES AS	12.4%	−207.4%	762 MNOK
MORELD GROUP AS	−102.7%	66.7%	41 MNOK
ARCHER NORGE AS	2.9%	22.9%	893 MNOK
NOBLE INTEGRATOR OPERATIONS AS	2.9%	5.7%	952 MNOK
AKER SOLUTIONS ASA	−80.7%	22.4%	57 MNOK
WEST ASSET MANAGEMENT AS	4.6%	27.1%	14 MNOK
WOOD GROUP NORWAY AS	1.0%	22.9%	2,141 MNOK
NORTH SEA SHIPPING AS	0.8%	21.6%	321 MNOK
OLYMPIC CREWING AS	3.2%	5.4%	430 MNOK
ARCHER AS	4.0%	17.3%	5,845 MNOK
DEEP CYGNUS OPERATION AS	−8.6%	36.8%	105 MNOK
PETORO AS	−1.9%	11.2%	322 MNOK
AKER SOLUTIONS AS	4.5%	11.5%	51,211 MNOK
AXTECH AS	0.1%	33.9%	259 MNOK
SEA1 OFFSHORE REDERI AS	41.2%	31.1%	1,218 MNOK
ON & OFFSHORE SERVICES AS	3.9%	21.1%	176 MNOK
VÅR ENERGI ASA	50.9%	3.8%	80,038 MNOK
ISLAND DRILLING MANAGEMENT AS	−7.2%	46.5%	59 MNOK
SUBSEA INSULATION AS	5.2%	−11.7%	9 MNOK
DOLPHIN DRILLING OFFSHORE AS	−138.2%	40.5%	338 MNOK
NDT GLOBAL AS	−12.2%	27.4%	96 MNOK
INTERWELL AS	−41.2%	14.2%	112 MNOK
CIMC OFFSHORE AS	3.8%	−61.5%	1,041 MNOK
TENDEKA AS	3.0%	16.9%	558 MNOK
EQUINOR ARGENTINA AS	−749.3%	82.4%	117 MNOK
SHELF DRILLING (NORWAY) AS	0.0%	0.6%	53 MNOK
DEEP SEA DRILLING COMPANY AS	3.3%	9.9%	1,763 MNOK
KISTOS ENERGY (NORWAY) AS	7.5%	−4.7%	947 MNOK
M VEST ENERGY AS	31.6%	−5.4%	814 MNOK
NORTH SEA OFFSHORE AS	0.5%	5.4%	68 MNOK
HAVILA SUBSEA CREWING AS	3.8%	19.6%	2 MNOK
PANDION ENERGY AS	41.0%	11.8%	2,401 MNOK
IKM SUBSEA AS	8.5%	16.3%	452 MNOK
OFFSHORE RESOURCE GROUP AS	0.0%	−33.3%	39 MNOK
SAGA OFFSHORE PARTNERS AS	−0.5%	43.4%	8 MNOK
INDUSTRIDYKK AS	−2.2%	26.3%	17 MNOK
WELLTEC OILFIELD SERVICES (NORWAY) AS	4.3%	4.3%	686 MNOK
DNO NORGE AS	41.5%	5.0%	19,383 MNOK
ODFJELL INVEST II AS	3.4%	9.1%	1,438 MNOK
EQUINOR LIBYA AS	−142.4%	43.5%	15 MNOK
PETROLIA NOCO AS	6.6%	−0.7%	714 MNOK
IK GROUP AS	−202.9%	1.5%	2 MNOK
HAVILA HARMONY AS	138.9%	−185.8%	34 MNOK
ODFJELL WELL SERVICES NORWAY AS	3.7%	6.5%	875 MNOK
TASIK TOBA SUBSEA AS	6.2%	−2.7%	96 MNOK
ALTERA INFRASTRUCTURE PRODUCTION AS	0.7%	15.4%	444 MNOK
RIG LINUS CONTRACTOR AS	4.2%	0.8%	704 MNOK
IO ULSTEINVIK AS	−0.2%	1.9%	51 MNOK
DOLPHIN DRILLING AS	−9,263.2%	90.5%	7 MNOK
MARDAHL INDUSTRI AS	3.6%	4.2%	115 MNOK
ODFJELL OPERATIONS AS	−3.4%	14.1%	1,176 MNOK
TRANSOCEAN NORWAY OPERATIONS AS	5.1%	5.1%	4,499 MNOK
SIEM OFFSHORE OPCO AS	10.9%	−0.2%	111 MNOK
ISLAND OFFSHORE CREWING AS	−0.1%	5.2%	286 MNOK
IOSOLUTIONS AS	1.3%	−493.9%	4 MNOK
H&P MODU OPERATIONS AS	1.8%	7.4%	1,446 MNOK
SLB KRISTIANSAND AS	−23.1%	18.8%	631 MNOK
GHANA FPSO OPERATIONS AS	−0.8%	4.6%	37 MNOK
NOBLE INVINCIBLE OPERATIONS AS	2.1%	6.2%	970 MNOK
DEEP SEA MANAGEMENT AS	1.1%	3.7%	2,648 MNOK
DOF SUBSEA CHARTERING AS	4.4%	7.9%	607 MNOK
SEA1 MARINE CREW AS	3.8%	0.1%	42 MNOK
CONCEDO AS	−2,739.8%	19.3%	5 MNOK
DEEPOCEAN CORPORATE AS	4.7%	0.1%	65 MNOK
ODFJELL WELL SERVICES AS	−1.3%	1.8%	101 MNOK
ARCHER VERTIKAL AS	−7.8%	19.4%	206 MNOK
OPTIME SUBSEA AS	−5.6%	24.5%	411 MNOK
ISLAND OFFSHORE MANAGEMENT AS	−1.6%	7.9%	660 MNOK
BABYSHOP SENGEMAGASINET AS	−1.7%	−9.8%	7 MNOK
AKOFS 2 AS	−24.5%	32.3%	174 MNOK
CLAXTON ENGINEERING SERVICES AS	−5.7%	−7.7%	130 MNOK
HAVILA SERVICE AS	−1.8%	−23.4%	50 MNOK
TRADE TECH AS	−7.5%	8.5%	35 MNOK
PETRO WELL SERVICES AS	−553.6%	−3.6%	3 MNOK
WEATHERFORD NORGE AS	−16.7%	19.3%	831 MNOK
ISLAND DRILLING CREWING AS	1.0%	0.1%	150 MNOK
TCO GROUP AS	−71.7%	25.9%	19 MNOK
BISN NORWAY AS	−59.6%	−41.0%	4 MNOK
TWMA NORGE AS	−3.7%	−0.1%	30 MNOK
AVIUM SUBSEA AS	−22.7%	−77.8%	77 MNOK
SONGA OFFSHORE RIG 3 AS	3.4%	−89.5%	3,651 MNOK
ÅLESUND SUBSEA AS	−10.3%	−218.7%	1 MNOK
NORTERMINAL RESPONSE AS	−47.4%	−3,096.2%	1 MNOK
INEOS E&P (NORGE) PETROLEUM DK AS	−195.7%	−112.0%	20 MNOK
EQUINOR REFINING NORWAY AS	−49.8%	15.9%	3,541 MNOK
EXPRO NORWAY AS	−19.2%	−26.5%	649 MNOK
GENESIS ENERGIES NORWAY AS	−2.3%	−34.8%	36 MNOK
NOBLE DRILLING (NORWAY) AS	−11.8%	−35.7%	205 MNOK
NAMTVEDT -SEALMAKER SERVICES AS	−37.1%	−221.1%	6 MNOK
OMEGA WELL INTERVENTION AS	−30.5%	−70.2%	1 MNOK
DOF SUBSEA REDERI III AS	−16.3%	−56.0%	141 MNOK
ISLAND DRILLING COMPANY AS	−85.4%	−22.3%	522 MNOK
TRANSOCEAN BARENTS ASA	−877.4%	−36.8%	110 MNOK

Scenario analysis: the sector's weakest year

The sector's weakest year was 2022, with a median operating margin of 1.6%.

Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported.

Fiscal year	Median operating margin	Median equity ratio
2022 · weakest year	1.6%	34.9%
2023	8.0%	28.8%
2024	6.8%	29.4%
2025	5.7%	32.6%
2026	–	–

In 2022, 6 ranked companies did better than the sector, 1 about the same and 5 weaker.

Held up best in 2022

1VETCO GRAY SCANDINAVIA ASequity ratio 34.2%13.7%
2VAN OORD NORWAY ASequity ratio 35.6%11.7%
3ALTUS INTERVENTION ASequity ratio 63.3%11.3%
4SARENS ASequity ratio 62.7%2.5%
5NOBLE INTEGRATOR OPERATIONS ASequity ratio 8.3%2.2%
6NOBLE INTREPID OPERATIONS ASequity ratio 46.1%1.8%

Better than the sector: operating margin at or above the sector median and no loss or negative equity. Weaker: operating margin below the median and a loss or negative equity. Otherwise about the same as the sector. Methodology

Drivers in the sector

Interest rates, prices and exchange rates that shape the sector's year, next to the sector's median operating margin. The drivers are context and are not part of the index.

Export price of crude oil (kr per fat)

Latest value: 1,069 (2026M09)

Export price of crude oil fell 17.6% in 2025; the sector's median operating margin fell 1.1 percentage points.

Export price of crude oil per year and the sector's median operating margin
Measure	2021	2022	2023	2024	2025	2026
Export price of crude oil, annual average	609	979	877	859	708	881 (so far)
Change from the year before	+61.1%	+60.8%	−10.5%	−2.0%	−17.6%	+24.5%
Sector's median operating margin	–	1.6%	8.0%	6.8%	5.7%	–

Source: SSB (08799, CC BY 4.0). Source · fetched 30 October 2026

Export price of natural gas (kr per Sm³)

Latest value: 8.96 (2026M09)

Export price of natural gas rose 5.7% in 2025; the sector's median operating margin fell 1.1 percentage points.

Export price of natural gas per year and the sector's median operating margin
Measure	2021	2022	2023	2024	2025	2026
Export price of natural gas, annual average	4.77	11.47	5.30	4.50	4.76	6.00 (so far)
Change from the year before	+361.0%	+140.3%	−53.8%	−15.2%	+5.7%	+26.2%
Sector's median operating margin	–	1.6%	8.0%	6.8%	5.7%	–

Source: SSB (08799, CC BY 4.0). Source · fetched 30 October 2026

USD/NOK (kr)

Latest value: 9.38 (2026-09)

USD/NOK fell 3.3% in 2025; the sector's median operating margin fell 1.1 percentage points.

USD/NOK per year and the sector's median operating margin
Measure	2021	2022	2023	2024	2025	2026
USD/NOK, annual average	8.59	9.61	10.56	10.75	10.39	9.55 (so far)
Change from the year before	−8.8%	+11.9%	+9.9%	+1.7%	−3.3%	−8.2%
Sector's median operating margin	–	1.6%	8.0%	6.8%	5.7%	–

Source: Norges Bank (EXR, NLOD 2.0). Source · fetched 30 October 2026

When export price of crude oil fell in 2025, 141 of 302 ranked companies kept their operating margin at or above the year before. Among the largest: VÅR ENERGI ASA (50.9% → 51.7%), A/S Norske Shell (79.4% → 81.2%), SCHLUMBERGER NORGE AS (6.9% → 7.9%), SUBSEA 7 NORWAY AS (9.5% → 15.5%), DEEPOCEAN AS (11.1% → 14.8%).

We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.

The sector in Norway (SSB)

The whole industry as Statistics Norway counts it: every enterprise, not only the limited companies we rank. Use these figures as background for the ranking above.

Enterprises, employment and turnover · 2024

Enterprises: 353; −9.9% from 2023
Persons employed · 2023: 67,328
Turnover · 2023: NOK 1,558.0 bn
Gross operating margin · 2023: 79.5%; Gross operating surplus divided by turnover

All enterprises, sole proprietorships included. SSB withholds some figures for confidentiality. The figure then shows the latest year with every value, and the year is given beside it.

Bankruptcies in the industry

2 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change +100.0% against the four quarters before (1). That is about 5.7 per 1,000 enterprises.

Foreign-controlled enterprises · 2024

Share of enterprises: 13.5%
Share of persons employed: 47.2%
Share of turnover: –

SSB publishes this for groups of industries only. The figures are for the group “Olje- og gassutvinning og bergverksdrift”. A dash means SSB withholds the figure.

Production index · Utvinning og utvinningstjenester

107.0 index, 2021 = 100, seasonally adjusted · 2026M08
−0.4% against 2025M08.

Monthly, 2023M08 to 2026M08.

Source: Statistics Norway (SSB), table 12910, table 10790, table 08085, table 07095. CC BY 4.0. Our industry codes (SN2025) are linked to SSB’s (SN2007) with SSB’s correspondence table in Klass.

Latest bankruptcies and liquidations

DK OFFSHORE AS 934925947 Voluntary liquidation · 27 October 2026 · 1 MNOK (2025)
OCV RECOVERY AS 984158939 Voluntary liquidation · 10 October 2026
KARPINSKY OIL & GAS COMPANY AS 979302932 Voluntary liquidation · 21 August 2026 · 6 MNOK (2025)
FEARNLEY NORGE AS 986548742 Voluntary liquidation · 4 August 2026
UPSTREAM CONSULTANTS AS 982790239 Voluntary liquidation · 3 June 2026 · 1 MNOK (2025)
CAPEOMEGA AS 995152142 Voluntary liquidation · 24 April 2026 · 0 MNOK (2025)
NORTH SEA COMMANDER SHIPPING AS 989594877 Voluntary liquidation · 24 April 2026 · 78 MNOK (2025)
FRAM ENERGY AS 974346427 Bankruptcy · 27 November 2025

All bankruptcies and liquidations in the sector

Industry codes (NACE)

Code	Description
06.100	Utvinning av råolje
06.200	Utvinning av naturgass
09.101	Boretjenester tilknyttet utvinning av råolje og naturgass
09.109	Andre tjenester tilknyttet utvinning av råolje og naturgass
19.200	Produksjon av raffinerte petroleumsprodukter og fossile brenselsprodukter
49.500	Rørtransport

Ranking by size · 2024

Large

Medium

Small

Biggest moves

Top lists in the sector · 2024

Highest revenue

Highest operating margin

Largest profit

Largest loss

Most solid

Fastest growth

Largest revenue decline

Biggest climbers

Biggest fallers

Most employees

Highest revenue per employee

Positions in the sector · 2024

This year's sector article is coming

Summary · fiscal year 2024

Climbers and fallers

Climbers

Fallers

Awards · 2024

Needs attention · 2024

Sector map · 2024

Scenario analysis: the sector's weakest year

Held up best in 2022

Drivers in the sector

Export price of crude oil (kr per fat)

Export price of natural gas (kr per Sm³)

USD/NOK (kr)

The sector in Norway (SSB)

Enterprises, employment and turnover · 2024

Bankruptcies in the industry

Foreign-controlled enterprises · 2024

Production index · Utvinning og utvinningstjenester

Latest bankruptcies and liquidations

Industry codes (NACE)