Acquisitions and Divestitures News in Norway

Aker BP Awarded 21 Licenses in APA 2018
1/15/2019 - Aker BP has been offered interests in 21 new production licenses in Norway, of which 11 as operator, through the Awards in pre-defined areas (APA 2018) licensing round. ...
Var Energi Awarded 4 Operatorships & 9 Partnerships in APA 2018
1/15/2019 - Var Energi has been awarded a total of 13 licenses in the Awards in Predefined Areas 2018 (APA) by the Ministry of Petroleum and Energy (MPE). ...
Pandion Energy Awarded Two New APA Licenses
1/15/2019 - Pandion Energy has been awarded two licenses under the 2018 Norwegian APA (Awards in Pre-defined Areas) License Round on the Norwegian Continental Shelf. The APA award was announced by the Minister of...
Pandion Acquires 30 Percent of PL 842 from Aker BP
12/31/2018 - Pandion Energy AS (Pandion Energy) has entered into an agreement with Aker BP ASA (Aker BP) to acquire a 30 percent interest in PL 842 in the Norwegian Sea. The license is located in blocks 6608/10, 1...
Equinor Completes Sales of Two non-Core NCS Assets
12/28/2018 - Equinor has completed the sales of two non-core discoveries on the Norwegian Continental Shelf (NCS) that were both announced in October 2018. The first sale, of a 77.8% operated interest in the King ...
Premier Oil Eyes Bid for Chevron’s U.K. North Sea Assets
12/13/2018 - Premier Oil Plc is considering a bid for a package of North Sea oil and gas assets put on the block by U.S. oil major Chevron Corp. that’s worth about $2 billion, according to people familiar with the...
Premier Oil Announces Completion of the Babbage Area Sale
12/7/2018 - Completion of the Babbage Area sale: Premier has announced that following receipt of necessary approvals, the sale of its interests in the Babbage Area to Verus Petroleum SNS Ltd (Verus) has no...
Faroe in Norwegian Asset Swap with Equinor
12/5/2018 - Faroe Petroleum is pleased to announce it has signed a binding agreement with Equinor Energy AS (a wholly owned subsidiary of Equinor ASA) (Equinor) to swap its interests in the Njord, Hyme redevelopm...
Aker BP Completes Acquisition of Licence Portfolio from Total
12/3/2018 - Following Aker BP's stock exchange notice dated 31 July 2018 regarding the company's agreement to acquire a portfolio of 11 licences on the Norwegian continental shelf from Total E&P Norge for a cash ...
Shell Completes Sale of Draugen and Gjoa Interests to OKEA
11/30/2018 - A/S Norske Shell has completed the sale of its interests in the Draugen and Gjoa fields in Norway for 4,52 Billion NOK (~US$526 million*) to OKEA AS. ...
Equinor Further Focuses NCS Portfolio
10/18/2018 - Equinor has signed an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf (NCS) for a total of USD 220 million. ...
Equinor Focuses NCS Portfolio through Sale of Non-Core Discovery
10/15/2018 - Equinor has signed an agreement with Aker BP to sell its 77.8% operated interest in the King Lear discovery on the Norwegian Continental Shelf (NCS) for a total of USD 250 million. ...
Aker BP Acquires King Lear Discovery
10/15/2018 - Aker BP has entered into an agreement with Equinor Energy to acquire its 77.8 percent interest in the King Lear gas/condensate discovery in the Norwegian North Sea for a cash consideration of USD 250 ...
Chevron Becomes First Oil Major to Exit Norway
10/10/2018 - U.S. oil firm Chevron (CVX.N) will become the first oil major to formally exit the Norwegian continental shelf (NCS) as it transfers its last stake in an exploration license, according to a government...
Marathon Oil Looks to Exit North Sea, Joining other U.S. Rivals
10/3/2018 - Marathon Oil has launched the sale of its British North Sea oil and gas fields, a document seen by Reuters showed, the latest U.S. firm to retreat from the basin to focus on onshore shale production a...
Lundin Aannounces Acquisition Consolidating the Luno II & Edvard Grieg Ownerships
10/3/2018 - Lundin Petroleum has announced that its wholly-owned subsidiary Lundin Norway has entered into an agreement with Equinor under which Lundin Norway will acquire Equinor’s entire 15 percent working inte...
High Interest in Exploration for New Norwegian Licensing Round
9/7/2018 - The Ministry of petroleum and Energy has received a large number of applications for new exploration acreage in the licensing round Awards in Predefined Areas (APA) 2018. ...
Aker BP Acquires Licence Portfolio from Total
7/31/2018 - Aker BP has entered into an agreement with Total E&P Norge to acquire its interests in a portfolio of 11 licences on the Norwegian Continental Shelf for a cash consideration of USD 205 million. The po...
Norway's Equinor Buys Danske Commodities for €400M
7/6/2018 - Equinor has reached agreement to buy 100% of the shares in Danish energy trading company Danske Commodities (DC) for EUR 400 million, with smaller contingent payments depending on DC’s performance ove...
Lundin Gains Permit for Appraisal Well in Norwegian Sea
7/3/2018 - The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 6307/1-1 S, cf. Section 15 of the Resource Management Regulations. Well 6307/1-1 S will be drilled from the ...

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