Acquisitions and Divestitures News in Norway

North Energy Sells Fogelberg Gas Discovery
2/9/2012 - North Energy has entered into an agreement to sell its interest in licence 433 (Fogelberg) for NOK 70 million to Centrica Resources (Norway). Production licence 433 contains the Fogelberg gas/condensa...
Shell Sells Stake in Gas Transport System to Infragas
9/1/2011 - A/S Norske Shell (Shell) has entered into a binding agreement to sell its interests in natural gas transport infrastructure joint venture Gassled to Infragas Norge AS for NOK 3,925 million (USD 730 mi...
Noreco Completed the Sale of Brage and Hyme Fields
7/28/2011 - Norwegian Energy Company (Noreco) is pleased to announce that the sale of the company's interests in the Norwegian oil fields Brage and Hyme to Core Energy has been completed. The consideration to Nor...
GDF SUEZ Acquires Additional Shares in Njord & Noatun
7/28/2011 - On 26 July, GDF SUEZ E&P Norge signed an agreement with ExxonMobil Exploration & Production Norway AS to purchase its 20% share in Production Licenses 132, 107, 107B and 107C comprising the Njord fiel...
Bridge Energy Completes PL554/554B Farm-Out to Total
6/8/2011 - On May 31st Bridge Energy Norge AS completed the agreement with Total E&P Norge AS for the farm-down of 40% working interest in production licences PL554 and PL554B on the Norwegian Continental Shelf....
Spring Energy Acquires 20% Working Interest in PL 490
6/1/2011 - Spring Energy is pleased to announce a farm-in transaction of a 20% working interest in PL 490 from Norwegian Energy Company ASA. The PL 490 license is located immediately to the West/North West of th...
RWE Dea Farms Out Licence PL330 to Marathon & Lundin
5/25/2011 - RWE Dea Norge AS, a wholly-owned subsidiary of the German upstream company RWE Dea, has entered an agreement with Marathon Petroleum Norge AS and with Lundin Norway AS to farm-down a total of 60 perce...
Noreco Sells its Interests in Brage and Hyme Fields
5/24/2011 - Norwegian Energy Company ASA (Noreco) has signed an agreement to sell its shares in the Norwegian oil fields Brage and Hyme to Core Energy. "It is a strategic priority for Noreco to renew and strength...
Lundin Petroleum Awarded Barents Sea Acreage
4/15/2011 - Lundin Petroleum AB ("Lundin Petroleum") is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded a new exploration license interest in the 21st Norweg...
Norway Awards 24 Oil/Gas Licenses in Barents Push
4/15/2011 - Norway awarded 24 oil and gas production licenses in its 21st offshore round, with an unprecedented focus on exploration in northern areas including the Barents Sea region near a big new oil discovery...
Maersk Oil Acquires Shares in 3 Production Licences
4/4/2011 - Maersk Oil has acquired shares in three production licences in Norway from Marathon Petroleum Norge A/S, a wholly-owned subsidiary of Marathon Oil Corporation, in exchange for Maersk Oil’s financial c...
Closing of Acquisition Agreement with North Atlantic
4/3/2011 - Reference is made to the reorganisation of Seadrill's harsh environment drilling services and the establishment of North Atlantic Drilling Ltd announced on February 15, 2011. ...
Det Norske Farms Out 10% in PL 522 to Centrica
3/14/2011 - Det norske oljeselskap ASA has agreed to divest 10 percent in PL 522, blocks 6604/2, 3, 4, 5 & 6, to Centrica Resources Norge AS. Det norske is reducing its interest from 20 percent to 10 percent. ...
Increased Exploration Activity in Mature Areas
3/11/2011 - The Ministry of Petroleum and Energy announced Awards in Predefined Areas 2011. The Areas comprise the predefined areas with blocks in the North Sea, the Norwegian Sea and the Barents Sea. With this a...
Det Norske to Acquire 10% in PL438 in the Barents Sea
3/8/2011 - Det norske has entered into an agreement with Talisman Energy to acquire 10 percent in PL438 in the Barents Sea. The license contains the prospect called Skalle. ...
Oselvar and Enoch Divestment Update
3/3/2011 - Norwegian Energy Company (Noreco) in September 2010 announced an agreement to sell its shares in the Oselvar and Enoch fields in Norway to Marubeni Corporation. The parties have now been informed that...
Spring Acquired Marathon Interest in License 438
2/28/2011 - Spring Energy has agreed to acquire Marathon Petroleum Norge AS' 17.5 % interest in production license 438, located in the Barents Sea. An exploration well targeting the Skalle prospect is scheduled t...
LOTOS EPN Relinquishes its interest in Licence PL 556
2/21/2011 - LOTOS E&P Norge (controlled by LOTOS Petrobaltic S.A., in which the Company holds 99.32% of the share capital) had relinquished its 50% interest in licence PL 556 in the Norwegian Sea, awarded in the ...
Signing Agreement Between Bridge Energy and Total E&P
2/21/2011 - Bridge Energy has signed an agreement with Total E&P Norge AS for the farm-down of 40% working interest in PL554 and PL554B on the Norwegian Continental Shelf. After the transaction, Bridge Energy Nor...
Transocean Leader Awarded Three-Year Contract
2/9/2011 - Transocean Ltd. announced that its high-specification semisubmersible rig Transocean Leader has been awarded a three-year contract by a subsidiary of Statoil ASA for operations in Norway. The contract...

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