The mixed bag of supply and oil company shares in Oslo were variable on Wednesday, even after the International Energy Agency’s resources report failed to halt a slide in oil prices.

The stock of Norway-based steel forger Scan Industrier has soared on Thursday by nearly 20 percent on news the company has reorganized to better serve the oil and gas industry.

The news helped oil-focused Oslo burse, and trading recovered from a slow start to post a 1.5-percent gain by late morning.

In other Oslo trading, oil hunter Norwegian Energy Company, or Noreco, was up nearly 10 percent, as it announced acreage awards in the U.K. 25th Licensing Round.

Heavy, oceangoing transport company Fairstar Heavy Transport was also up 10 percent.

Seafloor survey outfit Reservoir Exploration Technology was down over 16 percent after negotiating $60 million in finance terms with Lime Rock Partners to cover shortfalls in Gulf of Mexico earnings.

BW Offshore was down 12 percent in the wake of an International Energy Agency report on the sliding fortunes of gas. BW Offshore developes, owns and operateds gas floating production vessels.

Other bright lights in Oslo were Aker Solutions (8.6 percent), CanArgo (11.7 percent) and Nexus Floating Production (six percent).

Tags: Aker Solutions, Reservoir Exploration Technology ASA, Scan Industrier