Acquisitions and Divestitures News in Norway

Equinor Increases its Ownership in the Statfjord Field
12/8/2021 - Equinor has entered into an agreement to acquire all of Spirit Energy’s production licenses in the Statfjord area which spreads across the Norwegian and UK Continental Shelves and are developed by thr...
Sval Energi Acquires Spirit Energy’s Norwegian Business
12/8/2021 - Sval Energi AS is pleased to announce that the company has signed an agreement with Spirit Energy to acquire the majority of Spirit Energy’s Norwegian operations and assets. By this Sval takes a signi...
Cloudberry Acquired Nordic Operator of Hydro & Wind Power
11/17/2021 - Cloudberry Clean Energy ASA ("Cloudberry") has entered into a letter of intent with Captiva Capital Partner AS related to the potential acquisition of 60% of the Captiva Group (hereafter "Captiva"). ...
Neptune Energy Divests Portfolio of Non-Core Assets in Norway
11/12/2021 - Neptune Energy has signed Sale and Purchase agreements with OKEA ASA and M Vest Energy AS whereby Neptune will divest its non-operated working interests in three producing fields and two export pipeli...
Lime Petroleum Provides Update on Norway Operations
11/8/2021 - The completion of Lime Petroleum AS’s(“LPA”) acquisition of 33.8434 per cent of the Brage Field (the “Acquisition”) is now expected to be completed in end-November 2021. LPA has been actively engaging...
Gasum Divested LNG Liquefaction Plant in Risavika to NSMP
11/2/2021 - The energy company Gasum has entered into an agreement with North Sea Midstream Partners for the divestment of the LNG liquefaction plant in Risavika, while they, through a long-term agreement, contin...
Update on Norway Operations
11/1/2021 - • Brage acquisition expected to be completed in end-November 2021
• No outstanding queries anticipated from authorities
• Increase in oil prices will have a positive effect on the transact...
Acquisition of a further 25% Interest in the Wisting Development
10/28/2021 - Lundin Energy AB is pleased to announce that its wholly-owned subsidiary, Lundin Energy Norway AS (together Lundin Energy or the Company), has entered into an agreement with OMV (Norge) AS (OMV) to ac...
Reliance Industries Buys Norwegian Solar Cells Maker at Value of $771M
10/10/2021 - Reliance Industries Ltd. has acquired a Norway- headquartered solar cells and panels manufacturer for an enterprise value of $771 million, as part of the Indian conglomerate's expansion into renewable...
INEOS Completes $615M Sale of its Norwegian Oil & Gas Business to PGNiG
9/30/2021 - - The deal includes all INEOS Oil & Gas interests in production, licenses, fields, facilities and pipelines, on the Norwegian continental shelf and continues to rebalance INEOS’ oil and gas portfolio....
PGNiG to Acquire 21 Licenses on the Norwegian Continental Shelf
9/24/2021 - PGNiG Upstream Norway has just received approval from Norwegian authorities to acquire all assets of INEOS E&P Norge. Once the transaction is completed, the PGNiG Group will acquire a portfolio of pro...
Longboat Energy Provides Farm-in completion Update
8/16/2021 - Longboat Energy, the emerging full-cycle North Sea E&P company with a portfolio of significant, near-term, low-risk exploration assets, is pleased to announce that Norway's Ministry of Petroleum and E...
Lime Petroleum in 20 Percent Farm-in to Two North Sea Licences
8/11/2021 - Lime Petroleum AS (“Lime”) has on 9 August 2021, signed an agreement with AkerBP ASA (“AkerBP”) to acquire 20 per cent interests in each of the licences, PL867 and PL867B respectively in the North Sea...
Wellesley Announces NCS Development Asset Swap with Equinor
7/26/2021 - Wellesley Petroleum AS and Equinor Energy AS have signed a Sale and Purchase Agreement covering several development assets on the Norwegian Continental Shelf. The transaction is as follows:

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Lundin Awarded Two Licenses in the 25th Licensing Round
Lundin Awarded Two Licenses in the 25th Licensing Round 6/24/2021 - Lundin Energy AB announces that its wholly owned subsidiary, Lundin Energy Norway AS (together Lundin Energy), has been awarded two exploration licence interests in the 25th licensing round, in Norway...
Lime Petroleum Acquires 33.84% of Producing Brage Field from Repsol
6/16/2021 - • The transaction consideration of US$42.6 million includes deferred tax assets which are recoverable for Lime Petroleum
• Production from the Brage Field of estimated 3,440 barrels of oil equiv...
Longboat Announces Execution of Third Farm-In
6/10/2021 - Further to its announcement earlier on 10 June 2021, Longboat Energy is pleased to announce it has now executed the third and final farm-in agreement with Idemitsu Petroleum Norge AS ("Idemitsu").
Proposed Farm-Ins to High Impact Drilling Program
6/1/2021 - Longboat Energy, established by the former management team of Faroe Petroleum plc to build a significant North Sea-focused E&P business, is pleased to announce it has reached agreement on a bilateral ...
Lime Petroleum AS in Norwegian Sea License Swap
4/7/2021 - - 20 per cent interests in PL263D/E/F Sierra (previously known as Apollonia) to be swapped with 13.3 per cent interest in well-defined PL433 Fogelberg discovery
- Field development with producti...
INEOS to Sell its Norwegian Oil & Gas Business to PGNiG for $615m
3/25/2021 - - The deal includes all INEOS Oil & Gas interests in production, licenses, fields, facilities and pipelines, on the Norwegian continental shelf and continues to rebalance INEOS’ oil and gas portfolio....

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