Acquisitions and Divestitures News in Norway

Atlantic Petroleum Sold Norwegian Assets & Licenses
3/9/2016 - Atlantic Petroleum announces that its fully owned subsidiary Atlantic Petroleum Norge AS (“APN”) has entered into a Sale and Purchase Agreement (“SPA”) with M Vest Energy AS for the sale of its Norweg...
Det norske Acquires Noreco’s Norwegian Portfolio
3/2/2016 - Det norske oljeselskap ASA (Det norske) has entered into an agreement with Noreco Norway AS (Noreco) to acquire Noreco’s Norwegian license portfolio, including a ca. NOK 45 million cash balance. The e...
Fortis Petroleum Norway Wins Four Licences in APA 2015 Round
1/20/2016 - Fortis Petroleum Norway AS has been awarded participating interests in four exploration licences in the Norwegian APA 2015 Licensing Round: ...
Statoil Awarded 24 Licences in APA Round 2015
1/19/2016 - In the Awards in Predefined Areas (APA) round 2015, Statoil has been awarded interest in 24 licences on the Norwegian continental shelf (NCS), 13 of those as operator and 11 as partner. ...
Norway Awards 56 Licences Offshore Norway in APA 2015 Round
1/19/2016 - The Ministry of Petroleum and Energy offers 56 exploration licenses on the Norwegian Continental Shelf (NCS) in the Awards in Pre-defined Areas 2015 (APA 2015) licensing round. ...
Statoil Completes Transactions with Repsol in Norway & US
12/31/2015 - Statoil and Repsol have completed two of the transactions announced on 11 December 2015: ...
North Energy Farms out PL 707 to Lime Petroleum
12/2/2015 - North Energy ASA has signed a sale and purchase agreement with Lime Petroleum Norway AS, whereby North Energy sells its 10 per cent interest in production licence (PL) 707 to Lime. This transaction fo...
Tellus Petroleum AS Acquires 15 % of the Gina Krog Unit from Total
11/7/2015 - Tellus Petroleum AS, a subsidiary of Sequa Petroleum N.V., is pleased to announce that the company has entered into an agreement with Total E&P Norge AS to purchase 30 % interests in PL 029 B, 14.78 %...
Noreco Provides Update on Huntington Licence
11/2/2015 - Norwegian Energy Company ASA (Noreco) reports that its UK subsidiary, Noreco Oil UK, has been served a notice of default (the Notice) under the Joint Operating Agreement (JOA) governing the Huntington...
Total Sells Further 15% Interest in the Gina Krog Field
10/19/2015 - Total has signed an agreement to sell a 15% interest in the Gina Krog field in Norway to Tellus Petroleum, a subsidiary of Sequa Petroleum NV. The completion payment will total 1.4 billion NOK. The tr...
North Energy Farms out of PL 708 in the Barents Sea
10/12/2015 - North Energy ASA has signed a sale and purchase agreement with Pure E&P Norway AS, whereby North Energy sells its 10 per cent interest in production licence (PL) 708 to Pure. ...
Noreco Norway Divests Oselvar Interests for NOK 201 Million
7/1/2015 - Noreco Norway AS, a subsidiary of Norwegian Energy Company ASA (Noreco), announced the sale of its 15 per cent participating interests in the Norwegian shelf licenses PL274 and PL 274 CS, which includ...
Wintershall to Sell Norwegian Assets for $602 Million
Wintershall to Sell Norwegian Assets for $602 Million 6/18/2015 - Wintershall, a 100% BASF subsidiary, is further optimizing its portfolio by divesting assets in the four non-operated fields Knarr (20%), Veslefrikk (4.5%), Ivar Aasen (6.4615%) and Yme (10%) on the N...
Statoil Selling at Forus, Signing a 15-Year Lease Agreement
6/9/2015 - Statoil has entered into an agreement with Colony Capital, Inc. for sale of the company’s head office building at Forus (Stavanger, Norway). At the same time the company is signing a 15-year lease agr...
IOG Set for Full Ownership of Skipper in North Sea
6/3/2015 - Independent Oil and Gas plc (IOG), the North Sea focused oil and gas company, has signed a Sale and Purchase Agreement to acquire the 50% of licence P1609 containing the Skipper discovery from Alpha P...
Statoil Awarded Licences Offshore Nicaragua
5/29/2015 - Statoil was today awarded four licences offshore the Nicaraguan Pacific. ...
PL802 Farm Down and PL602 Withdrawal
5/27/2015 - P/F Atlantic Petroleum announces that Statoil will exercise their option to take 10% of the PL802 licence in the Norwegian Sea. This will leave Atlantic Petroleum with 10% equity in License PL802 cont...
Bowing to UK Pressure, Russian tycoon to Launch Sales of North Sea Assets
5/6/2015 - Mikhail Fridman's LetterOne fund is set to formally launch the sale of North Sea gas fields it had acquired from RWE, bowing to British threats to revoke the assets' licences unless the Russian tycoon...
Farm-Out of the Gemini Prospect on the Utsira High of Norway
2/24/2015 - Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), has entered into an agreement to farm-out a 30 percent working interest in PL338C. ...
Atlantic Petroleum Farms Down Deal on Norway PL602
2/23/2015 - Atlantic Petroleum has entered into a commercial farm-down agreement with Statoil Petroleum AS related to the PL602 licence. ...

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