neo October 17, 2016 No Comments

Memorandum of Understanding (MoU) signed between NBAC and Youngship Cyprus

Following a fruitful cooperation with Youngship Cyprus during the last year, NBAC is pleased to announce the formalisation of this cooperation through a Memorandum of Understanding (MoU) signed between NBAC and Youngship Cyprus.

The main purpose of the MoU is to co-ordinate efforts and work jointly towards the development and promotion of the offshore support industry in Cyprus and introduce this developing industry to the younger generation in Cyprus, both to students and executives.

In addition, NBAC and Youngship Cyprus will work together to jointly

  • Organize seminars and conferences as well as other social and networking events for their members.
  • Participate in each other’s activities, events and seminars
  • Promote and channel job vacancies in the Cypriot – Norwegian trade community, to members of YoungShip
  • Participate in the selection of successful candidates for, as well as funding, of the “Young Leader Award”


About Youngship Cyprus

YoungShip Cyprus was founded in 2012 as a branch of YoungShip International (Norway 2004) which is a nonprofit organization in 17 cities around the world in countries such as Norway, Singapore, Brazil, Mexico, Italy, Sweden, Netherlands, United Emirates, Kenya and the United Kingdom.

Young people up to the age of 40 who work in the wider field of shipping and maritime offshore industry have the opportunity to participate as members or as administration of the association.

The aims of the association are:
• To build a strong network, promote dialogue and cooperation between its members and the wider maritime community, government agencies and organizations dealing with maritime issues in Cyprus and abroad.
• To encourage members to develop and implement actions, initiatives, exchange of information and experiences in order to promote and develop the shipping industry in Cyprus and to develop as young professionals in the global maritime community.
• To provide continuous education and training to its members in the field of shipping and maritime industry as well as to develop the interest of the younger generation for environmental developments, innovation and entrepreneurship.

From 2012 until today YoungShip Cyprus has conducted many social events and has presented a series of free seminars covering a variety of topics, including current and future trends in shipping as well as career advice and soft skill development.

For more information contact us at or call +357 99 433064, +357 99 583881, +357 99 536437

neo October 14, 2016 No Comments

October 2016 _ Statoil – a strategic supplier of gas to Europe

Another successful event has taken place at 11 October 2016 in Four Seasons hotel in the presence of 100 members and guests of the Norwegian Business Association in Cyprus (NBAC) and the Cyprus International Business Association (CIBA), joint organizers of the event. Guest speaker was Tim Dodson, Executive Vice President Exploration of Statoil, who presented on Statoil – a major supplier of gas to Europe”. Statoil is one of the bidders in the third offshore licensing round for the Block 10 along with ENI, Total and ExxonMobil/Qatar Petroleum (QP).

The event opened with an introductory speech from Jens Andreas Wilhelmsen, Chairman of NBAC, and Chris Koufaris, General Secretary of CIBA. The two gentlemen thanked Tim Dodson for accepting the invitation and wished Statoil every success with its bid in the third offshore licensing round.

In his presentation, Tim Dodson gave a brief introduction about Statoil and highlighted the leading position of the company in conducting sustainable and transparent business based on highly ethical values. Tim elaborated on some of the major projects undertaken by Statoil with the Subsea Factory being the highlight – an innovative concept and a game changer for the oil and gas industry.

On the Eastern Mediterranean gas, Tim stressed out the potential of Cyprus for large resources in its Exclusive Economic Zone as well as the importance of proximity to the European gas market and the multiple market options. On an another note, Tim emphasized the similarities of the Cyprus case with Norwegian case when Norway was at its initial stages of the oil exploration.

The event closed with questions from attendees and a cocktail.

NBAC would like to thank its members and guests for their attendance and contribution as well as CIBA for the excellent cooperation in organising this event and making it a great success.

The full presentation of Tim Dodson: Statoil Presentation Cyprus _ October 2016