Acquisitions and Divestitures News in Norway

PGS to Carry Out a Private Placement of New Ordinary Shares for Gross Proceeds of USD 225 Million
11/22/2016 - Petroleum Geo-Services ASA (PGS) intends to carry out a private placement of new ordinary shares for gross proceeds of ~NOK 1.9 billion (~USD 225 million) (the "Private Placement"). Subject to complet...
Statoil Increases Share in Byrding Development
10/31/2016 - Statoil has agreed to acquire Wintershall Norge’s 25% interest in the Byrding project on the Norwegian Continental Shelf (NCS). On conclusion of this transaction Statoil will increase its interest fro...
Aker BP Acquires Norwegian Offshore Licences from Tullow Norge
10/3/2016 - Aker BP ASA announces the acquisition of licenses from Tullow Norge AS. The transaction comprises working interest in eight licenses, including 15 percent in the Oda (previously known as Butch) discov...
ExxonMobil to be Considering Sale of $1b in Norway Assets
9/23/2016 - Exxon Mobil Corp. is considering a sale of some of the oil fields it operates in Norway’s North Sea in a deal that could fetch more than $1 billion, two people familiar with the matter said. Exxon, th...
Statoil Completes Sale of Non-core US Onshore Assets
9/16/2016 - Statoil and Antero Resources Corporation (“Antero”) completed their previously announced transaction, whereby Statoil has sold some of its non-operated interests in the US state of West Virginia to An...
Total Said to Consider Sale of Stake in Norway Oil and Gas Field
9/15/2016 - Total SA is considering selling down its 51 percent stake in an offshore oil and gas field in Norway’s North Sea, people familiar with the matter said, as the French oil giant disposes of assets to of...
Statoil Increases Share in Wisting Discovery in Deal with Tullow
9/6/2016 - Statoil and Tullow Norge AS have agreed on a transaction whereby Statoil will increase its equity in four licences on the Norwegian continental shelf (NCS). The transaction includes the Wisting discov...
Shell to Take Over Operatorship of Knarr & Gaupe from BG
8/25/2016 - A/S Norske Shell (Shell) is taking over the operatorship of Knarr and Gaupe from BG Norge AS (BG). As a result, Shell has applied for consent to use these facilities, even though consent for their use...
Sembcorp Marine Acquires LMG Marin AS
8/19/2016 - Sembcorp Marine Ltd is pleased to announce that its wholly-owned subsidiary, Sembcorp Marine Integrated Yard Pte. Ltd. (“SMIY”), has entered into a sale and purchase agreement with its existing share...
Faroe Petroleum Provides Update on the Acquisition of an Interest in Ula Field
8/16/2016 - Faroe Petroleum plc (Faroe) Update on acquisition of an interest in the Ula producing field Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and prod...
DONG Energy Divests Five Norwegian Fields to Faroe Petroleum
7/14/2016 - DONG E&P Norge AS (DONG Energy) divests its ownership shares in five producing Norwegian oil and gas fields to Faroe Petroleum Norge AS (Faroe). The fields are Trym, Oselvar, Tambar (including Tambar ...
Statoil Completes Transaction with Lundin
6/30/2016 - Statoil ASA and Lundin Petroleum have completed their previously announced transaction, whereby Statoil has sold its entire 15 percent interest in the Edvard Grieg field for an increased shareholding ...
Lundin Norway Increases Stake in Edvard Grieg
6/1/2016 - (Lundin Petroleum) is pleased to announce that the Norwegian Ministry of Petroleum and Energy has granted approval for the transaction where Lundin Norway AS will acquire from Statoil Petroleum AS an ...
DEA Awarded Two Licences in the Barents Sea
5/23/2016 - In the 23rd licensing round, the Norwegian Ministry of Petroleum and Energy has offered DEA Norge two new licences in the Barents Sea. ...
Shell Said to Start Talks With Buyers for North Sea Asset Sales
5/19/2016 - Royal Dutch Shell Plc is in talks with potential buyers for some North Sea assets, mostly fields it got this year as part of the record acquisition of BG Group Plc, according to people familiar with t...
Lundin Petroleum Awarded 5 Licences in 23rd Licensing Round
5/18/2016 - Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded five exploration licences in the 23rd Norwegian Licensing Round. All the l...
Norway Announces 23rd Licensing Round Awards
5/18/2016 - The Norwegian Ministry of Petroleum and Energy is awarding ten new licenses, consisting of 40 blocks in total. Three of the licenses are located in the newly opened area in the Barents Sea southeast, ...
Statoil Awarded Considerable Position in 23rd Licensing Round
5/18/2016 - The Ministry of Petroleum and Energy has awarded five licences to Statoil in the 23rd licensing round, four as operator and one as partner. ...
Det norske Awarded 3 Licences in Norway's 23rd Licensing Round
5/18/2016 - Det norske oljeselskap ASA has been awarded one operatorship and two partnerships in the 23rd licensing round. ...
Det Norske Acquires Licenses from Centrica
4/18/2016 - Det norske oljeselskap ASA (Det norske) has entered into an agreement with Centrica Resources Norge AS (Centrica) to acquire the company’s licenses in the Frigg Gamma Delta and Rind discoveries. As co...

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