Search results for: Lime Petroleum

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  • 1 June 2020
    Business & Finance, Business developments & projects, Exploration & Production, Infrastructure

    Rex International’s 90 per cent subsidiary, Lime Petroleum, has completed the acquisition of a 15 per cent stake in two Ineos’ Norwegian Sea licenses.

  • 7 October 2014
    Business & Finance, Project & Tenders

    Hibiscus Petroleum Berhad has announced that its jointly-controlled entity, Lime Petroleum Norway AS has completed the acquisition of a 5% stake each in PL591 and PL591B, located in the Norwegian Sea. North Energy signed a purchase and sale agreement with Lime Petroleum Norway in June 2014. The transfer of the equity interests in PL591 and […]

  • 28 January 2019

    Lundin Petroleum has signed a deal to buy Lime Petroleum’s acreage in the Rolvsness discovery and Goddo prospect offshore Norway for up to $45 million. With the acquisition, Lundin Norway will see its working interest in the Rolvsnes oil discovery in PL338C and in the recently awarded, nearby license PL338E1 increase from 50 to 80 […]

  • 25 July 2014
    Business & Finance, Project & Tenders

    Hibiscus Petroleum Berhad has announced that its jointly-controlled entity, Lime Petroleum Norway AS has decided to surrender PL509S, PL509BS and PL509CS, all of which are located in the North Sea, following the deadline for a drill or drop decision by 23 July 2014. Following the assessment of results obtained from reprocessed seismic data, the application […]

  • 10 April 2012
    Business & Finance

    North Energy ASA has signed a Letter of Intent (LoI) with Lime Petroleum Plc  and Rex Oil & Gas Limited  transferring parts of North Energy’s interest in the licenses PL 503, PL 518, PL 526 and PL 530 to Lime, upon their pre-qualification as an exploration company on the Norwegian Continental Shelf. This will need […]

  • 3 August 2015
    Business & Finance

    Lime Petroleum Norway has executed an agreement with EnQuest Norge to acquire their 50% stake in each of the PL760 and PL760B licenses in the Norwegian Sea, both operated by Total. The parties in the licenses will be Total with 50% interest, and Lime Norway with 50%, after approval has been received from the relevant authority. The […]

  • 20 August 2015
    Business & Finance

    Hibiscus Petroleum’s jointly-controlled entity, Lime Petroleum Norway, has executed an agreement with Lundin Norway to acquire a 30% stake in license PL 410 in the North Sea. According to Hibiscus, drilling is anticipated in 2016. Upon completion of the transaction, that is subject to the relevant authority approval, the parties to the license will be […]

  • 25 February 2014
    Business & Finance

    Lime Petroleum Norway AS  has on 20 February 2014 signed an agreement with North Energy ASA  to acquire a 20 per cent stake in a new licence in Norway, PL509CS. North Energy was awarded operatorship of the licence in Predefined Areas (“APA”) on 21 January 2014. The acquisition of the 20 per cent stake in […]

  • 22 November 2013
    Business & Finance

    Rex International Holding Limited has announced that 65 per cent indirectly owned subsidiary Lime Petroleum Norway AS (“Lime”), has received approval from the Norwegian Ministry of Petroleum and Energy for the acquisition of 10 per cent interest in each of the two offshore licences, PL 707 and PL 708, from North Energy ASA.  Lime’s 10 […]

  • 2 December 2015

    North Energy ASA, a Norway-based exploration and production company, will sell 10 percent interest in production licence PL 707 in the Barents Sea to Lime Petroleum. “This transaction forms part of North Energy’s current strategic process, where attention is concentrated on enhancing cost efficiency and optimising the licence portfolio,” the Norwegian firm explained in a statement on Wednesday. […]

  • 16 April 2015
    Business & Finance

    Hibiscus Petroleum’s jointly-controlled entity, Lime Petroleum Norway AS (Lime Norway), has executed an agreement with Lundin Norway AS (Lundin) to acquire a 30% interest in PL544, in the North Sea.   Lundin is the operator at PL544. The parties in the license will be Lundin with 40%, Bayerngas Norge AS2 holding 30%, and Lime Norway owning the remaining 30%, […]

  • 18 February 2015
    Business & Finance

    Rex International Holding’s jointly-controlled entity, Lime Petroleum Norway AS, has signed an agreement with Tullow Oil Norge to acquire an additional 20 per cent stake in licences PL591, PL591B and PL591C in the Norwegian Sea. The transfer of the 20 per cent stake, which will increase Lime Norway’s stake in the licences to 25 per […]

  • 21 March 2014

    Rex International Holding Limited has announced that North Energy ASA , in which the Group holds an approximate stake of 5.35 per cent, will start drilling campaigns at two of its licences in Norway, the PL713 Halddi prospect and the PL510 Tvilling South prospect in the third and fourth quarters of 2014 respectively. North Energy is using Rex Virtual […]

  • 9 April 2020
    Business developments & projects, Exploration & Production

    Lime Petroleum has signed an agreement with Equinor to acquire 20 per cent interests in each of the licences PL263D and PL263E located in the Norwegian Sea.

  • 24 March 2015
    Business & Finance

    Hibiscus Petroleum’s jointly-controlled entity Lime Norway has secured an increase in the financing facility from NOK 300 million ($38.21 million) to NOK 700 million ($89.15 million). Lime Norway is a wholly-owned subsidiary of Lime Petroleum PLc (Lime). Lime is a jointly-controlled entity in which Hibiscus Petroleum owns a 35% stake. The facility was obtained from Skandinaviska […]

  • 25 June 2019
    Exploration & Production

    Wintershall Dea has farmed out its 30% stake in the Shrek licenses (PL838/838B) in the Norwegian Sea to Lime Petroleum.

  • 1 April 2015
    Business & Finance, Exploration & Production

    Hibiscus Petroleum’s jointly-controlled entity, Lime Norway, has executed an agreement with Skagen44 to acquire an additional 10% interest in PL616, located in the North Sea. The transfer of this additional stake is subject to regulatory approval, and upon completion, will increase Lime Norway’s interest in the license to 15%. Lime Norway had earlier acquired a […]

  • 6 December 2013

    Hibiscus Petroleum has announced that its jointly-controlled entity, Lime Petroleum Norway AS (Lime Norway), has on 3 December 2013, signed an additional agreement with North Energy ASA (North Energy) to acquire a 20% stake in a new licence, PL 509, in Norway. The transfer of the 20% stake is pending regulatory approval.   Lime Norway is a wholly-owned subsidiary […]

  • 5 June 2014
    Business & Finance

    North Energy has signed a purchase and sale agreement with Lime Petroleum Norway AS for a share in its Norwegian Sea blocks.

  • 24 February 2015
    Business & Finance, Exploration & Production

    Swedish oil company Lundin Petroleum will farm out a 30 percent interest in production licence PL338C, offshore Norway, to Hibiscus Petroleum’s jointly-controlled entity Lime Norway. The production licence contains the Gemini prospect which is currently being drilled with the Island Innovator rig. The well is located in PL338C approximately 10 km southwest of the Edvard Grieg field, […]

  • 25 June 2014

    Hibiscus Petroleum Berhad has informed that Zubara Petroleum Ltd (Zubara), a wholly‐owned subsidiary of Lime Petroleum Plc (Lime), has received the necessary extension to its Concession Agreement from the Government of Sharjah,UAE, to start engineering and procurement activities leading to the drilling of an exploration well by the 3rd quarter of 2015. Zubara, which owns 100% of the […]

  • 26 November 2013

    Hibiscus Petroleum Berhad (Hibiscus Petroleum) has announced that its jointly-controlled entity, Lime Petroleum Plc (Lime), through its subsidiary Masirah Oil Ltd (Masirah), has begun drilling an exploration well in Masirah North North #1 (MNN #1), located in the Block 50 Oman concession, on 25 November 2013.   This is part of a 2-well drilling programme […]