23 results
A list of search results
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Statoil ASA has decided to divest a 24.1% direct and indirect stake in Gassled joint venture (jv) for a consideration of NOK 17.35 billion ( 3.24 billion USD). Following this transaction, Statoil will continue to own 5.0% in the jv. The buyer is Solveig Gas Norway AS, a holding company that is approximately 45% owned […]
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Market outlooks, Outlook & strategy, Vision
Global oil and gas project sanctioning in 2020 has made a colossal drop in comparison to 2019 levels with Norway, and somewhat Russia, attempting to increase the total sanctioning value.
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Authorities & Government, Business & Finance, Business developments & projects, Equipment, Exploration & Production, Innovation, Regulation & policy, Research & Development, Technology
Almost half of the Norwegian petroleum production will soon be run on power from shore as the companies are considering multiple electrification projects that could reduce emissions considerably.
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Norwegian oil and gas company Pandion Energy has completed the sale of its 10 percent non-operated interests in PL 636, comprising the Duva oil and gas field, and PL 686B.
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Business & Finance, Operations & Maintenance
Pandion Energy has completed the sale of 10% non-operated interests in PL 636, comprising the Duva oil and gas field, and PL 636B to Solveig Gas. The Duva oil and gas field is located in the northern North Sea and was discovered in the autumn of 2016. The Plan for Development and Operation (PDO) was […]
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Cairn Energy has entered into an agreement to dispose of the entire share capital of Capricorn Norge, the company’s wholly owned subsidiary in Norway.
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Solveig Gas has acquired a 13.255% stake in the Polarled gas pipeline from Wintershall Dea. Polarled is the first pipeline on the Norwegian continental shelf crossing the Arctic Circle. The 482-kilometer long and 36-inch wide pipeline runs from Nyhamna in western Norway to the Aasta Hansteen field in the Norwegian Sea. The pipeline was completed […]
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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.
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Lundin Petroleum has received final approval for the plan for development and operation for the Solveig field from the Norwegian Ministry of Petroleum and Energy.
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Oil firm Lundin Norway has awarded Schlumberger a contract potentially worth more than $150 million for services on the Norwegian Continental Shelf.
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Lundin Norway has made two oil discoveries in exploration wells 16/1-31 S (Jorvik) and 16/1-31 A (Tellus East) on the eastern edge of the Edvard Grieg field in PL338 on the Utsira High off Norway.
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The Norwegian media have speculated the price is more than $1 billion.
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The divestment of 24.1% of the Gassled shares from Statoil ASA to the consortium Solveig Gas Norway AS is now completed. Solveig Gas Norway AS is a holding company that is approximately 40% owned by Canada Pension Plan Investment Board, 30% by Allianz Capital Partners (a subsidiary of Allianz SE), and 30% by Infinity Investments […]
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The divestment of 24.1% of the Gassled shares from Statoil ASA to the consortium Solveig Gas Norway AS is now completed. Solveig Gas Norway AS is a holding company that is approximately 40% owned by Canada Pension Plan Investment Board, 30% by Allianz Capital Partners (a subsidiary of Allianz SE), and 30% by Infinity Investments […]
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Statoil ASA has decided to divest a 24.1% direct and indirect stake in Gassled joint venture (jv) for a consideration of NOK 17.35 billion. Following this transaction, Statoil will continue to own 5.0% in the jv. The buyer is Solveig Gas Norway AS, a holding company that is approximately 45% owned by Canada Pension […]
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Pandion Energy has agreed to divest its 20% share in the Duva field through two transactions, one with PGNiG Upstream Norway and one with Solveig Gas Norway, each acquiring a 10% share in PL 636 and PL 636B.
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Pandion Energy has agreed to divest its 20% stake in the Duva field through two transactions, one with PGNiG Upstream Norway and one with Solveig Gas Norway, each acquiring a 10% share in PL 636 and PL 636B. The Duva oil and gas field is located in the northern North Sea and was discovered in […]
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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).
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Business & Finance, Business developments & projects, Project & Tenders
Norwegian oilfield services provider Aker Solutions has signed an engineering, procurement, construction, and integration (EPCI) contract for a high-voltage electrical boiler package as part of the electrification of Lundin Energy’s Edvard Grieg platform.
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Pandion Energy and PGNiG Upstream Norway have completed the transaction whereby Pandion has sold 10% non-operated interests in PL 636, comprising the Duva oil and gas field, and PL 636B to PGNiG. The Duva oil and gas field is located in the northern North Sea and was discovered in the autumn of 2016. The Plan […]
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PGNiG Upstream Norway has completed the acquisition of a 10 percent stake in the Duva field, located offshore Norway, from Pandion Energy.
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Swedish oil company Lundin Petroleum saw its profit drop to $54.9 million in the first quarter of 2019, compared to $228.8 million earned in 1Q 2018. Revenues for the quarter fell to $491.6 million, from $692.9 million a year ago.
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Lundin Norway has agreed the final investment decision to proceed with an extended well test (EWT) on the Rolvsnes weathered and fractured basement discovery on the Utsira High off Norway.
