Search results for: CapeOmega

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  • 15 October 2014
    Business & Finance, Research & Development

    HitecVision, a private equity investor focused on the upstream offshore oil and gas industry, has established CapeOmega, a start-up E&P company focusing on late life production and decommissioning on the Norwegian Continental Shelf (NCS).  After decades of successful exploration and production of the NCS, a large backlog of decommissioning activities has accumulated including the permanent plugging and […]

  • 20 October 2017

    Shell is selling its stake in the Polarled offshore pipeline in Norway, as well as a part of its stake in the Nyhamna gas plant to CapeOmega. According to a statement by Shell, CapeOmega AS will buy Shell’s 9.02% stake in the Polarled gas pipeline and 3% of the 15.03% stake in the gas plant Nyhamna. […]

  • 15 October 2014
    Business & Finance

    HitecVision, a private equity investor focused on the upstream offshore oil and gas industry, has established a new company, CapeOmega. CapeOmega has been established as a start-up E&P company focusing on late life production and decommissioning on the Norwegian Continental Shelf (NCS). After decades of successful exploration and production of the NCS, a large backlog of […]

  • 28 December 2017

    CapeOmega has completed the acquisition of Njord Gas Infrastructure Holding AS, a Norwegian company whose purpose is to own and operate its participating interest of 8.036% in Gassled. 

  • 23 October 2017
    Business & Finance

    CapeOmega, a HitecVision-owned oil and gas company, has decided to buy Njord Gas Infrastructure Holding AS, a Norwegian company whose purpose is to own and operate its participating interest of 8.036% in Gassled.  Gassled is a joint venture between infrastructure and petroleum companies on the Norwegian continental shelf that serves as the formal owner of the Norwegian […]

  • 23 April 2019
    Business & Finance

    HitecVision has sold its portfolio company CapeOmega, a Norwegian oil & gas and midstream infrastructure company, to Partners Group in a transaction that values CapeOmega at about EUR 1.2 billion ($1.35 billion).  

  • 28 June 2017
    Project & Tenders

    Lundin Norway has entered into a sales and purchase agreement with CapeOmega to divest a 39 percent working interest in the Brynhild field in PL148 in the Norwegian North Sea. Lundin Norway will retain operatorship and following the transaction will have a 51 percent working interest in the Brynhild field, a subsea tie-back to the […]

  • 18 December 2017

    DEA has sold its ownership in the Nyhamna onshore gas processing plant, the Polarled gas pipeline and Gassled, the Norwegian gas transportation network, to CapeOmega.

  • 20 October 2017
    Business & Finance, Operations & Maintenance

    Shell, has entered into an agreement with CapeOmega for the sale of Shell’s 9.02% stake in the Polarled offshore gas pipeline and 3% of the 15.03% stake in the gas plant Nyhamna, one of the largest gas-processing plants on the Norwegian continental shelf. CapeOmega is owned by HitecVision, acquisition fund focusing on offshore upstream oil […]

  • 28 June 2017
    Business & Finance

    Swedish firm Lundin Petroleum on Tuesday, June 27 entered into a sales and purchase agreement with the Norwegian oil and gas company, CapeOmega, to divest a 39 percent working interest in the Brynhild field in PL148 in the Norwegian North Sea. The stake is owned by Lundin’s Norwegian subsidiary, Lundin Norway, which will retain operatorship and following […]

  • 23 October 2018
    Business & Finance

    CFO of Gulf Marine Services has decided to resign effective from the 2019 Annual General Meeting of the company which is scheduled for May 28,2019.

  • 1 July 2015
    Business & Finance

    Noreco Norway AS, a subsidiary of Norwegian Energy Company ASA (Noreco), has announced the sale of its 15% participating interests in the Norwegian shelf licenses PL274 and PL 274 CS, which includes the Oselvar field with associated tax balances, to CapeOmega.  Noreco sold its interest for a total consideration of NOK 201 million ($25.6 million). […]

  • 1 October 2019
    Business & Finance

    Wintershall Dea has agreed to sell its 5.0304% interest in the Nyhamna terminal to CapeOmega and its 13.255 % interest in the Polarled pipeline to Solveig Gas Norway.

  • 26 November 2015

    Norwegian Energy Company ASA (Noreco) has completed the sale of its licences that contain the Oselvar field, offshore Norway.  In July 2015, Noreco sold 15 per cent participating interests in the Norwegian shelf licenses PL274 and PL 274 CS, which includes the Oselvar field with associated tax balances, to CapeOmega. Noreco says that transfer of […]

  • 15 December 2017
    Equipment, Project & Tenders

    DEA has sold its ownership in the Polarled gas pipeline, the Nyhamna onshore gas processing plant and Gassled, the Norwegian gas transportation network, to CapeOmega. “The transaction represents a step forward ‎in DEA’s strategy to divest legacy infrastructure assets in our portfolio and unlock value in support of the growth of our upstream business,” said Hans-Hermann […]

  • 21 December 2015
    Business & Finance

    Noreco, an independent oil and gas company, has entered a deal that will see its Norwegian subsidiary cease all petroleum activities. The company did not reveal financial details of the agreement.  Noreco said on Monday its subsidiary Noreco Norway has entered into a sale and purchase agreement (SPA) with Djerv Energi AS for the sale […]

  • 2 March 2016

    Noreco’s subsidiary, Noreco Norway, has entered into a sale and purchase agreement with Det norske oljeselskap for the sale of its remaining exploration licences, employees and a cash balance of ca. NOK 45 million, to be adjusted for working capital. The effective date of the transaction is January 1, 2016. According to Det norske, the […]

  • 27 December 2016

    Three companies are reportedly looking to buy ExxonMobil’s Norwegian offshore assets estimated to be worth around $1 billion.  According to last week’s news report by Bloomberg, who quoted people familiar with the matter, Aker BP, HitecVision, and Neptune Oil & Gas are in talks with Exxon to buy stakes in the company’s oil assets offshore […]

  • 11 January 2016

    Norwegian oil company Noreco is exiting an offshore licence that contains the Huntington oil field, located in the UK North Sea.  To remind, in November 2015, Noreco was served a notice of default under the Joint Operating Agreement (JOA) governing the Huntington licence. The default related to non-payment of a cash call under the JOA, and implied […]

  • 3 April 2019
    Business & Finance

    The Norwegian media have speculated the price is more than $1 billion.

  • 17 January 2018
    Business & Finance

    Lundin Petroleum will recognize a net foreign exchange loss of $69 million for the fourth quarter of 2017.

  • 1 July 2014
    Business & Finance

    Independent well completion and intervention technology developer and manufacturer Omega Completion Technology has appointed a business development manager in Norway in response to an increase in Scandinavian contracts and projects. Joachim Nessa has joined Omega’s Stavanger office from Interwell Norway AS where he had worked as sales engineer for three years and previously spent six […]