Acquisitions and Divestitures News in Norway

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. ...
Lime Petroleum Acquires Stakes in Norwegian Licenses
2/23/2015 - Lime Petroleum Norway AS has entered into an agreement with Tullow Oil Norge AS to acquire an additional 20 per cent stake in licences PL591, PL591B and PL591C in the Norwegian Sea. Following the tran...
Faroe Petroleum Awarded 5 New licences in Norway
1/21/2015 - Faroe Petroleum has been awarded five new prospective exploration licences, including one operatorship, under the 2014 Norwegian APA (Awards in Pre-defined Areas) Licence Round on the Norwegian Contin...
Eni Awarded Two Exploration Licenses in Norway
1/20/2015 - Eni was today awarded by the Ministry of Petroleum and Energy two exploration licenses in the Barents sea and in the North Sea as part of the Norwegian Award in Pre-Defined Areas (APA) 2014. ...
Noreco and North Energy Agree Asset Transfer on PL484
1/19/2015 - Norwegian Energy Company ASA (Noreco) has agreed to transfer its 30 per cent ownership in PL484 in the Norwegian Sea to North Energy ASA (North). The transfer is subject to government approval. ...
Shell Agrees Sale of Some Downstream Businesses in Norway
Shell Agrees Sale of Some Downstream Businesses in Norway 12/18/2014 - Shell has signed an agreement with ST1 for the sale of its retail, commercial fuels and supply and distribution logistics businesses in Norway. In addition, Shell’s aviation business in Norway will be...
GDF SUEZ Acquires Interest in PL 420 From Idemitsu
11/24/2014 - GDF SUEZ has signed a contract with Idemitsu for the acquisition of 10% share in the license PL 420. PL 420 is situated between the Gjoa field and the Skarfjell discovery, and contains the discovery T...
Total Sells 8% Interest in Gina Krog Field & Interests in 3 Minor Fields
10/28/2014 - Total through its wholly owned subsidiary Total E&P Norge AS has signed an agreement to sell an 8% interest in the Gina Krog field in Norway, together with its interests in the mature fields of Vilje ...
Wintershall Expands Oil & Gas Production in Norway
9/12/2014 - BASF Group company Wintershall is further expanding its oil and gas production and reserves in the North Sea. Wintershall will acquire shares in the two producing fields Gjoa (5%) and Vega (24.5%), th...
Statoil Announces 1.3b Asset Sale to Wintershall
9/12/2014 - Statoil ASA farms down in Aasta Hansteen, Asterix and Polarled and exits two assets on the NCS for a consideration of USD 1.3 billion, including contingent payment. ...
Atlantic Petroleum Farms-out 6% Equity in PL528/528B
8/22/2014 - Atlantic Petroleum has entered into a commercial agreement to farm out 6% of its 15% ownership in licence PL528/528B. This leaves Atlantic Petroleum with 9% ownership. The deal is subject to governmen...
Noreco and North Energy Agree Asset Swap
8/14/2014 - Noreco Norway AS and North Energy ASA have agreed to swap assets in two licenses on the Norwegian continental shelf. According to the agreement, Noreco will increase its ownership in the Haribo licens...
Lundin Acquires Interest in PL674 Offshore Norway
8/12/2014 - Lundin Petroleum AB through its wholly owned subsidiary Lundin Norway AS has entered into agreements to acquire a 35 percent interest in PL674. Lundin Norway will acquire a 15 percent interest in PL67...
BG Group Considers $1.7b North Sea Operations Sale
7/24/2014 - BG Group is considering selling its largest operations in the North Sea for about 1 billion pounds ($1.70 billion), The Times reported. ...
Lundin Sells Interest in PL359, Offshore Norway
7/4/2014 - Lundin Petroleum AB through its wholly owned subsidiary Lundin Norway AS has entered into an agreement to sell an additional 15 percent interest in PL359, which contains the Luno II discovery. Lundin ...
VNG Norge Strengthens Its Position in the Norwegian Sea
6/19/2014 - VNG Norge AS has entered into an agreement to purchase Chevron Norge AS’s interest in Draugen and, subject to regulatory and government approval, will become a partner in the underlying licences with ...
Asset Swap in the North Sea
6/17/2014 - Det norske oljeselskap ASA (DETNOR) has signed an agreement with Spike Exploration to swap a 10 percent interest in licence 554/B/C containing the Garantiana oil discovery for a 20 percent interest in...
Lundin Petroleum Increases Interest in PL359, Offshore Norway
6/17/2014 - Lundin Petroleum AB through its wholly owned subsidiary Lundin Norway AS is pleased to announce that it has entered into agreements to acquire an additional 25 percent interest in PL359, which contain...
Petrolia Enters into Agreement with Det norske
6/10/2014 - Petrolia Norway AS, a 100% subsidiary of Petrolia SE, has entered into an agreement with Det norske oljeselskap ASA to purchase 10% in PL 558. PL558 is located in the Norwegian Sea east and adjacent t...
Ramboll Enters UK Oil & Gas Market with the Acquisition of Apply Altra
6/6/2014 - Up until the acquisition, which was officially signed in Norway last week, Apply Altra has been part of the Apply Group. With the formal shift in ownership on 2 June, the name has been changed to Ramb...

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