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Statistics

The largest companies with negative equity in Olje og gass

Companies in Olje og gass whose debt exceeds their assets, sorted by revenue.

Transocean Norway Operations AS is the largest company in the Olje og gass sector with negative equity, with 4,237.0 MNOK in revenue (2025). Source: Brønnøysund Register Centre (Register of Company Accounts), processed by Morning Analytics 5 November 2026.

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The picture in figures

The bars show the top ten and the bottom ten of 25 in the list.

Highest 10
TRANSOCEAN NORWAY…Transocean Norway Operations AS4,237.0 MNOKSONGA OFFSHORE RI…Songa Offshore Rig 3 AS3,569.8 MNOKLime Petroleum ASLime Petroleum AS2,983.7 MNOKNORTHERN OCEAN WI…Northern Ocean Wind AS1,630.6 MNOKCIMC Offshore ASCIMC Offshore AS1,287.7 MNOKExpro Norway ASExpro Norway AS730.6 MNOKM Vest Energy ASM Vest Energy AS726.0 MNOKH&P DRILLING OFFS…H&P Drilling Offshore Services AS475.7 MNOKHAVILA CHARTERING…Havila Chartering AS178.3 MNOKISLAND DRILLING C…Island Drilling Company AS173.5 MNOK
Lowest 10
GENESIS ENERGIES…Genesis Energies Norway AS19.1 MNOKBisn Norway ASBisn Norway AS20.6 MNOKTwma Norge ASTwma Norge AS37.4 MNOKHAVILA MARITIME D…Havila Maritime Dis i AS47.6 MNOKHavila Harmony ASHavila Harmony AS52.5 MNOKOlympic Electra ASOlympic Electra AS56.6 MNOKCLAXTON ENGINEERI…Claxton Engineering Services AS68.6 MNOKHavila Service ASHavila Service AS69.8 MNOKAvium Subsea ASAvium Subsea AS74.0 MNOKMARDAHL INDUSTRI…Mardahl Industri AS82.5 MNOK

What explains the placing?

  • 1. Transocean Norway Operations AS 4,237.0 MNOK Reports in a currency other than kroner.
  • 2. Songa Offshore Rig 3 AS 3,569.8 MNOK Reports in a currency other than kroner.
  • 3. Lime Petroleum AS 2,983.7 MNOK Nothing in particular to note.
#Company Municipality revenue
1 Transocean Norway Operations ASother currency Stavanger 4,237.0 MNOK
2 Songa Offshore Rig 3 ASother currency Stavanger 3,569.8 MNOK
3 Lime Petroleum AS Oslo 2,983.7 MNOK
4 Northern Ocean Wind AS Stavanger 1,630.6 MNOK
5 CIMC Offshore AS Sandnes 1,287.7 MNOK
6 Expro Norway AS Sola 730.6 MNOK
7 M Vest Energy AS Bergen 726.0 MNOK
8 H&P Drilling Offshore Services ASother currency Bergen 475.7 MNOK
9 Havila Chartering AS Herøy 178.3 MNOK
10 Island Drilling Company ASother currency Ulstein 173.5 MNOK
11 Havila Subcon AS Herøy 116.8 MNOK
12 Volantis Operation AS Herøy 112.2 MNOK
13 Akofs Offshore Operations AS Bærum 107.3 MNOK
14 Tasik Toba Subsea AS Oslo 97.3 MNOK
15 Enhanced Drilling International AS Øygarden 91.0 MNOK
16 Mardahl Industri AS Orkland 82.5 MNOK
17 Avium Subsea ASother currency Bærum 74.0 MNOK
18 Havila Service AS Herøy 69.8 MNOK
19 Claxton Engineering Services AS Sandnes 68.6 MNOK
20 Olympic Electra AS Herøy 56.6 MNOK
21 Havila Harmony AS Herøy 52.5 MNOK
22 Havila Maritime Dis i AS Herøy 47.6 MNOK
23 Twma Norge AS Stavanger 37.4 MNOK
24 Bisn Norway AS Stavanger 20.6 MNOK
25 Genesis Energies Norway AS Sandnes 19.1 MNOK