Acquisitions and Divestitures News in Norway

OKEA sells its 15% WI in Yme to Lime for a consideration of USD 15.65m
9/23/2024 - Trondheim, 23 September 2024 - OKEA ASA ("OKEA") is pleased to announce that it has entered into an agreement with Lime Petroleum AS ("Lime") to sell its 15% working interest in the Yme licence for a ...
Provaris advances the Prototype Tank restart program
9/20/2024 - Highlights:
• Provaris has submitted a conditional offer to the secured lenders for the acquisition of the installed prototype tank “production cell”, which includes essential material, robotic ...
DNO Bulks Up in Norway with Acquisitions, Exploration Success
9/2/2024 - DNO ASA, the Norwegian oil and gas operator, today announced the completion of the acquisition of stakes in five oil and gas fields, including an operatorship, in the Norne area in the Norwegian Sea f...
KONGSBERG Signs Agreement to Sell its Steering Gear and Rudder Business to Norvestor
9/2/2024 - KONGSBERG has signed an agreement to sell its steering gear and rudder business, currently part of the Propulsion and Handling division in Kongsberg Maritime.

This is in line with Kongsberg...
Beal Bank Increases Lending Facility to Eldorado Drilling by $275M to $550M
7/30/2024 - Beal Bank is pleased to announce that it has provided committed financing of $275,000,000 to acquire the 7th Generation Drillship Draco as an upsize to its existing loan, originated in February 2024, ...
Crowley Promotes Walter Tague to Vice President of Sales and Supply for its Fuels Business
7/18/2024 - Crowley has named Walter Tague as vice president of sales and supply for its Crowley Fuels businesses unit, which services energy logistics needs throughout Alaska. With more than 30 years of maritime...
Longboat Energy Announces AGM Update
6/27/2024 - Longboat Energy, an emerging E&P company focused on Southeast Asia provides the following corporate update in advance of the Company's 2024 Annual General Meeting, which is being held today at 11.00 a...
ORLEN Group Acquires Stake in Atlantis Field on Norwegian Continental Shelf
6/24/2024 - ORLEN Group will become a license partner in one of the five largest discoveries made on the Norwegian Continental Shelf in the last 10 years. As a result of a sales and purchase agreement signed with...
Longboat Announces Sale of Shares in Longboat Japex Norge and Exit from Norway
6/17/2024 - Longboat Energy, an emerging full-cycle E&P company, announces it has reached agreement to sell its 50.1% holding in Longboat Japex Norge AS ("LJN") to its joint venture partner Japan Petroleum Explor...
Equinor divests interests in the Gina Krog area
6/4/2024 - Equinor is selling 19.5% interests in production licenses PL 048E, which is the Eirin field, and PL 1201 to PGNiG Upstream Norway AS (PGNiG). With this, the ownership between Equinor and PGNiG in thes...
Sale of Hexagon Ragasco to Worthington Enterprises completed
6/3/2024 - Hexagon Composites (HEX.OL) is pleased to announce that the sale of Hexagon Ragasco to Worthington Enterprises announced 29 May 2024 was closed today.
Worthington Enterprises Completes Acquisition of Hexagon Ragasco
6/3/2024 - Worthington Enterprises a designer and manufacturer of market-leading brands that enable people to live safer, healthier and more expressive lives, announced the closing of its planned acquisition of ...
Vår Energi Sells Boyla Asset as Part of Portfolio Optimisation
5/24/2024 - Var Energi ASA (OSE: VAR) has signed an agreement with Concedo AS for the disposal of a 20% interest in the Boyla field for a consideration of USD 24 million.

"The transaction is al...
Equinor and Petoro Agree to Harmonise Equity Interests
5/14/2024 - Equinor and Petoro have entered into a value-neutral asset swap agreement in the Haltenbanken area.

Equinor will increase its ownership in the Heidrun field and Noatun discovery and reduce ...
DNO Acquires Portfolio of Producing Assets Boosting Position in Norne Area Offshore Norway
5/8/2024 - DNO ASA, the Norwegian oil and gas operator, today announced that the Company’s wholly-owned subsidiary DNO Norge AS has entered into an agreement to acquire stakes in five oil and gas fields in the N...
Var Energi Sells Norne Area Assets and Increases Stake in Ringhorne East
5/8/2024 - Vår Energi ASA agrees the sale of its Norne area assets to DNO Norge AS for a fixed after-tax consideration of USD 51 million, and DNO Norge AS will transfer to Vår Energi their stake in the Ringhorne...
Orron Energy Sells 50 Percent Interest in the Leikanger Hydropower Plant
4/12/2024 - Orrön Energy AB (“Orrön Energy”) is pleased to announce that it has entered into an agreement to sell its 50 percent interest in the Leikanger hydropower plant for an enterprise value of MNOK 613, app...
Sale of vessel
2/23/2024 - Solstad Rederi AS, a wholly owned subsidiary of Solstad Maritime Holding AS, has sold the AHTS Far Sound and AHTS Far Scimitar.

The sale will result in total gain on sale of assets of appr...
Longboat Completes farm-down transaction in Norway
2/1/2024 - Longboat Energy, an emerging full-cycle E&P company active in Norway and Malaysia, is pleased to announce the completion of the farm-down of two exploration licenses on the Norwegian Continental Shelf...
Longboat Completes Statfjord Satellites Acquisition in Norway
2/1/2024 - Longboat Energy, an emerging full-cycle E&P company with activities in Norway and Malaysia, is pleased to announce the completion of the acquisition of a 4.80% unitised interest in the Statfjord Øst U...

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