Norwegian Energy Company (NORECO) Company News

Recent Articles

Results 50 articles shown

Shell Agrees to $1.9B Sell of Upstream Danish Assets to Noreco
Shell has agreed to sell its Danish upstream business to Noreco for $1.9 billion as part of its divestment strategy.
8:00 PM EST | October 16, 2018
Det Norske to Acquire Noreco's Norwegian Portfolio
Det norske oljeselskap ASA plans to acquire Noreco Norway AS' Norwegian license portfolio, including a NOK 45 million ($5.19 million) cash balance.
7:00 PM EST | March 01, 2016
Noreco Oil UK Receives Huntington License Default Notice
Noreco Oil UK gets served a notice of default under the joint operating agreement governing the Huntington license in the central North Sea.
7:00 PM EST | November 01, 2015
Noreco CEO Steps Down
Noreco CEO Tommy Sundt steps down as the company's CEO, effective immediately.
8:00 PM EST | October 12, 2015
Noreco Production Falls in July 2015
Noreco reveals that its overall production figures in July 2015 were lower than figures reported in June 2015.
8:00 PM EST | August 06, 2015
Trapoil Drills Dry Well in UK North Sea
Trapoil has come up dry in the Niobe exploration well, located in License P.1889 in the UK North Sea.
8:00 PM EST | June 24, 2015
Trapoil Begins Operations at Niobe Exploration Prospect in UK North Sea
Trapoil commences operations on the Niobe exploration prospect in License P.1889, located in the UK North Sea.
8:00 PM EST | June 07, 2015
Cheap Oil Threatens Debt Squeeze for Smaller UK North Sea Producers
Small and mid-sized independent oil producers in the British North Sea could face a financing squeeze this year as banks cut lending linked to the value of oil reserves, following last year's oil price sell off.
7:00 PM EST | March 01, 2015
Norwegian Oil Firm Noreco Proposes $252M Debt For Equity Conversion
Noreco proposes converting only a part of its outstanding debt to equity after it was unable to get sufficient backing for an initial proposal made in December.
7:00 PM EST | February 03, 2015
Huntington Oilfield Output in UK to Remain Restricted
Norwegian Energy Company continues to face production cutbacks an an output restriction on the Huntington field remains in place until the end of February.
7:00 PM EST | January 19, 2015
Noreco, North Energy Agree Norwegian Sea Asset Transfer
Noreco agrees to transfer 30-percent ownership in PL484 in the Norwegian Sea to North Energy.
7:00 PM EST | January 18, 2015
Huntington Field Restart Delayed Until 'At Least' Dec 18
Production from the Huntington field in the UK North Sea is further delayed due to an incident during the restart of the CATS riser platform.
7:00 PM EST | December 14, 2014
Norwegian Oil Firm Noreco to Restructure
Noreco proposes a restructuring as low oil prices and persistent production problems at its key assets threaten its ability to remain a going concern.
7:00 PM EST | December 14, 2014
Xana Well Spuds Offshore Denmark
Noreco Energy reports that drilling is underway on the Xana exploration well offshore Denmark.
7:00 PM EST | December 08, 2014
Noreco Drills Dry Well North of the Norne Field
Noreco Norway's first well on production license 484 in the Norwegian Sea turns out dry.
8:00 PM EST | June 05, 2014
E.ON's Huntington Field Output Limited by Access to Pipeline
The North Sea's Huntington oilfield is producing at only around 40 percent of its capacity due to pipeline problems.
8:00 PM EST | October 20, 2013
E.ON's Huntington Oil Field in N.Sea Resumes Output – Partner
Huntington oilfield in the UK North Sea resumes output after technical issues shut the platform’s output.
8:00 PM EST | August 21, 2013
Noreco Saw Production Boost in July
Noreco reports that it saw its average production increase 9.5 percent to 3,874 boepd during July.
8:00 PM EST | August 05, 2013
Noreco Waves Goodbye to Kjetil Bakken
Kjetil Bakken, who headed the investor relations function of the company, is leaving by the end of June.
8:00 PM EST | June 19, 2013
Lupin Well Comes up Dry
Noreco reports that the Lupin well is almost completed and has not encountered any hydrocarbons.
8:00 PM EST | April 21, 2013
Huntington Field Starts Production
The Huntington field in the UK North Sea begins production.
8:00 PM EST | April 14, 2013
Scotney Well Comes Up Dry
Trapoil reports that the Scotney exploration well in the North Sea has come up dry.
8:00 PM EST | April 11, 2013
Huntington Subsea Preps Complete
All subsea preparations for the North Sea's Huntington field development have been completed, says Noreco.
8:00 PM EST | April 01, 2013
Noreco Nears Huntington First Oil
Noreco reports that the Huntington field development is approaching first oil.
8:00 PM EST | March 20, 2013
Suncor Spuds Scotney Prospect in the UK North Sea
Noreco reports that drilling has begun on its Scotney prospect in the UK North Sea.
7:00 PM EST | February 17, 2013
Noreco Shuffles Management
Norwegian Energy Company ASA (Noreco) implements key changes to its management team.
7:00 PM EST | January 15, 2013
Oselvar Production Resumes after Ula Leak Incident
Noreco says production has resumed at the Dong-operated Oselvar field in the North Sea after the Ula leak in September.
7:00 PM EST | November 25, 2012
Noreco: FPSO Sets Sail for Huntington Field
Noreco announces that the tow of the FPSO Voyageur Spirit from the Nymo yard to the Huntington field commenced Sunday.
8:00 PM EST | September 30, 2012
Noreco Drills Duster in Barents Sea
Norwegian Energy Company ASA (Noreco ASA), operator of production license 396, has completed drilling of wildcat well 7228/1-1.
8:00 PM EST | April 25, 2012
Noreco Spuds Eik Exploration Well
Noreco has started the drilling of exploration well 7228/1-1 on the Eik prospect in the Barents Sea.
8:00 PM EST | March 29, 2012
NPD Grants Noreco N. Sea Drilling Permit
The Norwegian Petroleum Directorate has awarded Norwegian Energy Company ASA (Noreco ASA) a drilling permit for well 7228/1-1.
7:00 PM EST | March 08, 2012
Det Norske's Drills Dry Well at Kalvklumpen
Partners Faroe and Noreco, along with Det norske, drilled a duster at the Kalvklumpen prospect in the North Sea.
7:00 PM EST | February 12, 2012
UK Firms Faroe and Valiant Bag 8 Licenses in Norway
Faroe will be operator on three of seven licenses, while Valiant is operator and 50-percent owner of one license.
7:00 PM EST | January 17, 2012
Noreco Sells Siri to Dong for $13M
Noreco completes the sale of its interests in the Siri field to DONG Energy for $13 million.
7:00 PM EST | December 22, 2011
Weather Delays Netherlands, Denmark Drilling Plans
Xtract Energy PLC is pleased to announce the following operational update ahead of drilling in the Netherlands and Denmark.
7:00 PM EST | December 12, 2011
Noreco Appoints New CFO
Norwegian Energy Company (Noreco) has appointed Mr. Orjan Gjerde as new Chief Financial Officer (CFO).
7:00 PM EST | December 06, 2011
Lundin Takes Bigger Brynhild Slice Offshore Norway
Lundin has entered into an agreement with Noreco to acquire an additional 20 percent interest in license PL148 containing the Brynhild field, offshore Norway.
7:00 PM EST | November 17, 2011
Noreco Says Hello to New VP Commercial
Noreco has appointed John Bogen as new VP Commercial.
8:00 PM EST | September 28, 2011
Noreco to Sell Stake in Flyndre Discovery
Norwegian Energy Company (Noreco) has entered an agreement to sell its share of the Flyndre Paleocene discovery to Maersk Oil.
8:00 PM EST | August 21, 2011
Lundin, Partners Submit Field Development Plan for Brynhild Field
Lundin as operator has, with its partners Noreco and Talisman, submitted a plan for development and operation for the Brynhild field to the Norwegian Ministry of Petroleum and Energy.
8:00 PM EST | July 31, 2011
DONG Energy to Take Stake in Siri Field
DONG Energy and its license partner Noreco have settled on an agreement for DONG Energy to acquire Noreco's 50% interest in the Siri field.
8:00 PM EST | July 24, 2011
Noreco Names New CEO
Noreco announced that Mr. Einar Gjelsvik has been appointed as Chief Executive Officer (CEO) of the company.
8:00 PM EST | June 21, 2011
Noreco in Dispute with Dong over $400MM Siri Repairs
Noreco said it is in dispute with Dong Energy over a $400MM repair bill for a jointly owned oil rig in the Danish North Sea.
8:00 PM EST | June 14, 2011
Noreco Picks Up NCS Licenses
Noreco has been offered two licenses in the 21st licensing round on the Norwegian continental shelf.
8:00 PM EST | April 14, 2011
Noreco to Remain Independent, Shuffles Management
Noreco reported it will continue to pursue monetization of individual assets or asset packages with interested parties as part of its ordinary course of business.
8:00 PM EST | March 22, 2011
Buyer Fails Clearance for Noreco's Stake in Oselvar, Enoch Fields
Noreco and Marubeni have been informed that the buyer does not yet fulfill the requirements applicable to a licensee on the Norwegian Continental Shelf.
7:00 PM EST | March 02, 2011
Noreco Makes Modest Oil Find in North Sea
Noreco reported estimates of recoverable oil in the wildcat well 17/6-1, southeast of the Grane field in the North Sea.
7:00 PM EST | February 02, 2011
Noreco Commences Drilling at Svaneogle
Noreco announced that drilling of exploration well 17/6-1 has started.
7:00 PM EST | January 05, 2011
Lundin Drills Duster Offshore Norway
Lundin Petroleum announced the completion of the exploration well 3/8-1 on the Barchan prospect located in Block 3/8, (PL400), in the southern part of the North Sea sector of the Norwegian Continental Shelf.
7:00 PM EST | December 12, 2010
Noreco Granted Drilling Permit in North Sea
The Norwegian Petroleum Directorate has granted Noreco a drilling permit for well 17/6-1 using semisub West Alpha.
7:00 PM EST | November 07, 2010