Acquisitions and Divestitures News in Norway

Equinor Welcomes OKEA as New Partner in the Statfjord Area
3/20/2023 - Equinor has entered into an agreement to divest 28% working interest in PL037 (Statfjord area) to OKEA with an effective date 1 January 2023.

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Eidesvik Offshore and Reach Subsea Complete the Acquisition of Viking Reach
3/16/2023 - The Joint Venture between Eidesvik Offshore ASA (“Eidesvik”) and Reach Subsea ASA (“Reach”) has completed the acquisition of Subsea IMR vessel Viking Reach. The purchase price for the vessel was USD 2...
Closing of the Sale of BW Opportunity
3/15/2023 - With reference to the stock exchange release dated 10 March 2023. BW Offshore has closed the transaction for the sale of the FPSO BW Opportunity for USD 125 million to an undisclosed third party.
Solstad Offshore EXits from PSV Segment through a Strategic Sale of its PSV-fleet
3/7/2023 - Subsidiaries of Solstad Offshore ASA (“Solstad”, OSE: SOFF) have today signed an agreement with U.S. based Tidewater Inc. (“Tidewater”, NYSE: TDW) for the sale of 37 platform supply vessels (the “PSV ...
Equinor Strengthens its Position in the Northern North Sea
3/1/2023 - Equinor has signed an agreement to acquire equity interest in five discoveries in the Troll, Fram and Kvitebjørn area in the North Sea on the Norwegian continental shelf (NCS) from Wellesley Petroleum...
GC Rieber Acquires Full Ownership of Icebreaking Tug Polar Circle
2/9/2023 - GC Rieber Shipping has entered into an agreement with its Joint Venture partner, to buy its 50% share of the icebreaking tug Polar Circle. Following the purchase GC Rieber Shipping will fully own the ...
Equinor Leaves the Barents Blue Project as Agreement Period Ends - New Partner Joins
2/1/2023 - Operator Horisont Energi has announced Fertiberia as a new partner to join the Barents Blue project. The previous partners Equinor and Vår Energi leave the project as the cooperation agreement expired...
Vår Energi Withdraws from Barents Blue
2/1/2023 - Horisont Energi enters into partnership with Fertiberia to join the Barents Blue project. Simultaneously Vår Energi and Equinor withdraw from the projectas the cooperation agreement expires on 31th Ja...
KUFPEC Obtains an Exploration Concession in Norway with a 20% Stake
1/21/2023 - The Kuwait Foreign Petroleum Exploration Company (KUFPEC) announced that it had obtained the exploration concession (PL-1174S) from the Norwegian Ministry of Petroleum and Energy. (KUFPEC) said in a p...
Completion of Sale of Energy Scout
1/19/2023 - Reference is made to the previous notice on 24 November 2022 regarding Energy Scout AS (a subsidiary of Golden Energy Offshore Services AS) having entered into a MoA for the sale of the vessel Energy ...
Rex Subsidiary Lime Petroleum Awarded Two New Licences in Norway
1/13/2023 - Rex International Holding Limited (“Rex International Holding”, “Rex” or the “Company”, and together with its subsidiaries, the “Group”), a technology-driven oil exploration and production company, is...
Downing to Acquire 6 GWh Norwegian Hydro Plant in £3m Deal
1/11/2023 - Investment manager Downing LLP is expanding its focus on sustainable investing with a c.£3 million acquisition of Norwegian hydro power plant Lauvstad Kraftverk AS.

The renewable energy an...
Lime Petreolum Completes Acquisition of KufPEC’s Interest in Yme Field
1/11/2023 - Unless otherwise defined, capitalised terms in this announcement shall have the same meaning given to them on the Company’s announcement and press release dated 10 August 2022 and announcements date...
Longboat Energy Awarded New Licences under the Norwegian 2022 APA Licensing Round
1/11/2023 - Longboat Energy, the emerging full-cycle E&P company, has announced the award of new licences under the Norwegian 2022 APA Licensing Round (Awards in Predefined Areas).

Licence 1182 S Bl...
Wintershall Dea Awarded 11 Licences in APA 2022 Round
1/10/2023 - Wintershall Dea has been awarded 11 exploration licences in the annual Awards in Predefined Areas (APA) licensing round in Norway, including three as operator. The awards strengthen the company’s posi...
Neptune Energy Awarded New Licences in Norway
1/10/2023 - Neptune Energy has today been awarded two new licences in the Awards in Predefined Areas (APA) 2022, announced by the Norwegian Ministry of Petroleum and Energy.

The new licences are l...
Equinor Awarded 26 New Production Licences on the Norwegian Continental Shelf (NCS)
1/10/2023 - Equinor has been awarded 26 new production licences by the Ministry of Petroleum and Energy (MPE) in the 2022 Award in Predefined Areas (APA) – 18 licences as operator, and eight as partner.

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Vår Energi Awarded 12 New NCS Licenses
1/10/2023 - Vår Energi is awarded 12 new production licenses on the Norwegian Continental Shelf (NCS), of which five as operator, in the 2022 Awards in Predefined Areas (APA) covering mature areas.

Ma...
DNO Receives 11 Awards in Norway's APA Licensing Round
1/10/2023 - DNO ASA, the Norwegian oil and gas operator, today announced that its wholly-owned subsidiary DNO Norge AS has been awarded participation in 11 exploration licenses, of which one is an operatorship, u...
Aker BP Awarded 17 Licenses in APA 2022
1/10/2023 - Aker BP has been offered interests in 17 new production licenses offshore Norway, of which nine as operator, through the Awards in pre-defined areas (APA 2022) licensing round.

Of the 17 pr...

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