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Acquisitions and Divestitures News in Norway

Pandion Energy Acquires Interest of PL 891 from ConocoPhillips
7/17/2019 - Pandion Energy AS has entered into an agreement with ConocoPhillips Skandinavia AS (ConocoPhillips) to acquire a 20 percent interest in PL 891, containing the Slagugle prospect. The license is located...
PGNiG Acquires Interest in Another Gas Field in the North Sea
7/12/2019 - PGNiG Upstream Norway has acquired 20 percent shares in the Duva field – PL 636 and PL636B licenses – from Wellesley Petroleum AS. First production is expected at the turn of 2020 and 2021. ...
ExxonMobil’S Norway Exit Could Break Records
6/27/2019 - US supermajor ExxonMobil is looking to sell its Norwegian upstream assets. The portfolio has an estimated value of $3.1 billion, according to Rystad Energy. ...
Exxon Mobil Seeks Bids for Norwegian Offshore Assets
6/22/2019 - Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast. It has retained stakes in more than 20 other fields, including Equinor-operated Snorre and ...
PGNiG Purchased Interest in Another Gas Field in Norway
6/7/2019 - PGNiG Upstream Norway will acquire 22.2 percent of shares in King Lear field – PL146 and PL333 licenses – from Total E&P Norge. The volume of production in the part attributable to PGNiG may reach 0.2...
EMGS Participates in Sole-Sourced Tender Process
3/28/2019 - Electromagnetic Geoservices ('EMGS') is currently participating in a sole-sourced tender process for a multi-year acquisition contract. Based on the information currently available to EMGS, the Compan...
Lundin Acquires further Interests in the Rolvsnes Discovery
1/28/2019 - Lundin Petroleum has announced that its wholly-owned subsidiary Lundin Norway has entered into an agreement with Lime Petroleum, a subsidiary of Rex International Holding, to acquire its entire Utsira...
Inpex Awarded Two Exploration Licenses in Norway’s APA 2018
1/18/2019 - INPEX CORPORATION (INPEX) has announced that through its subsidiary INPEX Norge AS, it has been awarded exploration licenses PL1027 located in the western Barents Sea offshore and PL1016 located in th...
Eight Exploration Licences Awarded in Norway
1/16/2019 - Faroe Petroleum, the independent oil and gas company focussing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that it has been awarded ...
Edinburgh Prospect Partnership
1/16/2019 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce its partnership with subsi...
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...
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). ...
DNO Receives 18 Awards in Norway's APA Licensing Round
1/15/2019 - DNO, the Norwegian oil and gas operator, has announced that its wholly-owned subsidiary DNO Norge has been awarded participation in 18 exploration licenses, of which five are operatorships, under Norw...
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 ...

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