Summary
Magnora ASA (Magnora) is an oil and gas company that offers engineering, design, and project execution of floating units for offshore applications. The company’s floating production units include Hummingbird spirit, Voyageur spirit, Piranema spirit, Goliat FPSO and Western Isles FPSO, among others. Magnora drilling units comprise Seven Brasil, Seven Louisiana, Seven driller, and Seven UDW4, among others. The company uses cylindrical hull technology for applications such as mobile offshore drilling units, and floating production storage and offloading units. Magnora offers its units and services for processing plants. The company has its operations in Arendal, Lysaker, and Bergen, Norway. Magnora is headquartered in Oslo, Norway.

Magnora ASA Key Recent Developments

Mar 17,2021: TechnipFMC enters partnership with Magnora to develop floating offshore wind projects
Feb 04,2021: Magnora raises €11m to fund renewables growth
Feb 02,2021: Magnora enters partnership to establish floating wind company
Feb 01,2021: Magnora signs up for 98MW RWE project
Jan 29,2021: Magnora sets up joint floating wind firm

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- Business description – A detailed description of the company’s operations and business divisions.
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- SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats.
- Company history – Progression of key events associated with the company.
- Major products and services – A list of major products, services and brands of the company.
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- Executive biographies – A brief summary of the executives’ employment history.
- Key operational heads – A list of personnel heading key departments/functions.
- Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company.
- Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
- Interim ratios for the last five interim periods – The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history.

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