Acquisitions and Divestitures News in Norway

Transaction where OKEA sells its 15% WI in Yme to Lime completed
11/29/2024 - OKEA ASA announces completion of the sale transaction of 15% WI in the Yme license to Lime Petroleum AS (Lime).

Reference is made to the stock exchange announcement on 23 September 2024, wh...
Lime Petroleum provides updates on its assets in Norway
11/29/2024 - Rex International Holding Limited (“Rex International Holding”, “Rex” or the “Company”, and together with its subsidiaries, the “Group”), a multinational oil exploration and production company, wish...
Lime Petroleum Provides Updates On Its Assets In Norway
11/28/2024 - Lime Petroleum AS (“Lime”) wishes to share updates on its assets in Norway:

New licence with tie-back to Brage
Following the successful 2023 Kim discovery within the Brage Field...
SAGA PURE ASA – acquisition of controlling stake in vallhall – notice of EGM
11/26/2024 - Saga Pure ASA announces an agreement with Tycoon Industrier AS (“Tycoon”) to reinvest in companies owning and operating Vallhall Arena, the largest indoor arena in Oslo, Norway.

Reference i...
The State Acquires Increased Ownership in the Gas Transportation System
11/13/2024 - The Ministry of Energy has entered into purchase agreements of interests in key parts of the gas infrastructure with 7 different companies.

‘I would like to thank the companies for a good,...
Equinor Strengthens its Position in the Norwegian Sea
11/7/2024 - Equinor has signed an agreement to acquire Sval Energi’s 11.8% share in the Halten East Unit. With this acquisition, Equinor increases its ownership to 69.5%.

Halten East is an ongoing off...
Vår Energi completes sale of Bøyla asset as part of portfolio optimisation
11/1/2024 - Vår Energi ASA completes the sale of its 20% interest in the Bøyla field to Concedo AS for an after-tax consideration of USD 24 million.

The transaction with Concedo AS is in line with Vår ...
Horisont Energi Is Assessing the Way Forward for the Polaris Licence
10/14/2024 - Horisont Energi (EURONEXT: HRGI) is assessing various options for moving the Polaris project forward, after being informed by ORLEN Upstream Norway (formerly PGNiG Upstream Norway) that the company ha...
OKEA sells its 15% WI in Yme to Lime for a consideration of USD 15.65m
9/23/2024 - Trondheim, 23 September 2024 - OKEA ASA ("OKEA") is pleased to announce that it has entered into an agreement with Lime Petroleum AS ("Lime") to sell its 15% working interest in the Yme licence for a ...
Provaris advances the Prototype Tank restart program
9/20/2024 - Highlights:
• Provaris has submitted a conditional offer to the secured lenders for the acquisition of the installed prototype tank “production cell”, which includes essential material, robotic ...
DNO Bulks Up in Norway with Acquisitions, Exploration Success
9/2/2024 - DNO ASA, the Norwegian oil and gas operator, today announced the completion of the acquisition of stakes in five oil and gas fields, including an operatorship, in the Norne area in the Norwegian Sea f...
KONGSBERG Signs Agreement to Sell its Steering Gear and Rudder Business to Norvestor
9/2/2024 - KONGSBERG has signed an agreement to sell its steering gear and rudder business, currently part of the Propulsion and Handling division in Kongsberg Maritime.

This is in line with Kongsberg...
Beal Bank Increases Lending Facility to Eldorado Drilling by $275M to $550M
7/30/2024 - Beal Bank is pleased to announce that it has provided committed financing of $275,000,000 to acquire the 7th Generation Drillship Draco as an upsize to its existing loan, originated in February 2024, ...
Crowley Promotes Walter Tague to Vice President of Sales and Supply for its Fuels Business
7/18/2024 - Crowley has named Walter Tague as vice president of sales and supply for its Crowley Fuels businesses unit, which services energy logistics needs throughout Alaska. With more than 30 years of maritime...
Longboat Energy Announces AGM Update
6/27/2024 - Longboat Energy, an emerging E&P company focused on Southeast Asia provides the following corporate update in advance of the Company's 2024 Annual General Meeting, which is being held today at 11.00 a...
ORLEN Group Acquires Stake in Atlantis Field on Norwegian Continental Shelf
6/24/2024 - ORLEN Group will become a license partner in one of the five largest discoveries made on the Norwegian Continental Shelf in the last 10 years. As a result of a sales and purchase agreement signed with...
Longboat Announces Sale of Shares in Longboat Japex Norge and Exit from Norway
6/17/2024 - Longboat Energy, an emerging full-cycle E&P company, announces it has reached agreement to sell its 50.1% holding in Longboat Japex Norge AS ("LJN") to its joint venture partner Japan Petroleum Explor...
Equinor divests interests in the Gina Krog area
6/4/2024 - Equinor is selling 19.5% interests in production licenses PL 048E, which is the Eirin field, and PL 1201 to PGNiG Upstream Norway AS (PGNiG). With this, the ownership between Equinor and PGNiG in thes...
Sale of Hexagon Ragasco to Worthington Enterprises completed
6/3/2024 - Hexagon Composites (HEX.OL) is pleased to announce that the sale of Hexagon Ragasco to Worthington Enterprises announced 29 May 2024 was closed today.
Worthington Enterprises Completes Acquisition of Hexagon Ragasco
6/3/2024 - Worthington Enterprises a designer and manufacturer of market-leading brands that enable people to live safer, healthier and more expressive lives, announced the closing of its planned acquisition of ...

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