Norsk Hydro ASA Company News

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Sentry Petroleum Appoints Former Norsk Hydro Analyst to Board of Directors
Sentry Petroleum announced that Arne Raabe has agreed to join the Board of Directors.
7:00 PM EST | December 28, 2008
Hydro Under Investigation for Former Libya Oil Operations
The investigation report into Hydro's former oil operations in Libya and consultancy agreements relating to the company's international oil and gas operations was submitted today to the Norwegian National Authority.
8:00 PM EST | October 06, 2008
SeaBird First Contract Award for SeaBed Operations
SeaBird has received a letter of award from Total E&P Angola for an ocean bottom nodes seismic acquisition survey in Angola. The concessionaire of Block 17 is Sonangol.
8:00 PM EST | April 27, 2008
Norsk Hydro Votes in Hansen as Board Member
Hansen replaces Svein Rennemo, who has asked to step down as member of the board.
8:00 PM EST | March 11, 2008
NPD Issues Drilling Permit to StatoilHydro for West Alpha Rig
The Norwegian Petroleum Directorate has granted StatoilHydro Petroleum AS a drilling permit for wellbore 6507/11-9, cf. Section 8 of the Resource Management Regulations.
8:00 PM EST | March 10, 2008
Halliburton Optimization Technology Aids Oseberg Development
Sperry Drilling Services used its new InSite ADR Azimuthal Deep Resistivity Sensor to assist Norsk Hydro in the optimization of well placement on its Oseberg Field development project in the North Sea.
7:00 PM EST | November 12, 2007
Hydro to Terminate NYSE Listing
Norsk Hydro ASA, on October 22, 2007 resolved to delist the Hydro share for the NYSE and terminate registration and reporting obligations to the SEC.
8:00 PM EST | October 22, 2007
Norsk Hydro Elected New Board Members
Billy Fredagsvik and Joern B. Lilleby have been elected members of Norsk Hydro's Board of Directors.
8:00 PM EST | October 17, 2007
Aker Eyes North Sea Licenses
Aker Exploration has entered into agreements with the international oil company Eni Norge to acquire ownership interests in two licenses in the vicinity of the Asgard field.
8:00 PM EST | October 16, 2007
Hydro Celebrates Official Opening of the Ormen Lange Gas Field
Hydro celebrates the official opening of the Ormen Lange gas field on Saturday, October 6, 2007. This celebrations marks the completion of project director, Tom Rotjer’s final major oil and gas assignment.
8:00 PM EST | October 04, 2007
StatoilHydro Now One
The merger between Norwegian companies Statoil and Norsk Hydro came to completion today with the first day of trading on the stock exchange as StatoilHydro.
8:00 PM EST | September 30, 2007
Acergy Wins $58 Million Ormen Lange Contract
Acergy has been awarded a $58 million contract for the installation of a MEG line and umbilical and tie-in on the Ormen Lange Southern field development project.
8:00 PM EST | September 27, 2007
Shares of Newly Combined StatoilHydro to Begin Trade on October 1st
The merger between Statoil and Norsk Hydro’s petroleum business is expected to be implemented on October 1, 2007. Shares in the new company will begin trading on that day.
8:00 PM EST | September 26, 2007
Cecilie Ditlev-Simonsen Leaves Hydro
Executive VP Cecilie Ditlev-Simonsen is leaving her position with Norsk Hydro. According to acting board chairperson, Elisabeth Grieg, an agreement was signed by both Grieg and Ditley-Simonsen in which an acceptable solution was reached.
8:00 PM EST | September 18, 2007
Statoil, Hydro Merger to be Complete on October 1st
The merger between Statoil and Hydro's oil and gas activities is expected to be implemented before the markets open on Monday October 1st.
8:00 PM EST | September 17, 2007
Norsk Hydro Finds Gas Near Njord
Hydro is close to concluding the drilling of exploration well 6407/7-7S in the Njord area in the North Sea. There are proven gas/condensate reserves in the well.
8:00 PM EST | September 16, 2007
Plexus Wins New Contract from Norsk Hydro
Plexus Holdings has signed a contract with Norsk Hydro Produksjon AS to supply a proprietary POS-GRIP® wellhead system for use in the Norwegian North Sea.
8:00 PM EST | September 16, 2007
Grenland Wins Contract to Modify Oseberg Field Center
Grenland Group has been awarded an EPCI contract to modify the Oseberg Field Center so that it can operate at a lower production pressure.
8:00 PM EST | September 16, 2007
Norsk Hydro Responds to Lifeboat Request from the PSA
Hydro sent a letter to the Norwegian Petroleum Safety Authority outlining the measures taken by the company following new trials to test lifeboat operation in difficult conditions.
8:00 PM EST | September 13, 2007
Gas Production Begins at Ormen Lange
Gas production from the Ormen Lange field on the Norwegian continental shelf began at 11:02 CET on September 13. Completion of this breakthrough development will make Norway the world's second-largest exporter of natural gas.
8:00 PM EST | September 12, 2007
Norsk Hydro Completes Capital Reduction
Norsk Hydro completed a capital reduction on Tuesday by cancellation of 38,498,506 shares at a value of NOK 3.66 per share which included 16,871,506 shares redeemed by the Norwegian State, represented by the Ministry of Trade and Industry.
8:00 PM EST | September 12, 2007
Key Dates Established for Statoil, Hydro Merger
Norsk Hydro and Statoil's merger of both companies' oil and gas activities to form StatoilHydro ASA is expected to be completed October 1, 2007.
8:00 PM EST | September 11, 2007
Hydro Chairperson and Three Board Members Step Down
Hydro's nomination committee is in a process to nominate a new board chairperson and board members for Hydro's upcoming board election.
8:00 PM EST | September 11, 2007
Hydro Signs New Deal for UK Heavy Oil Exploration
Hydro has reached an agreement with Silverstone Energy Limited and Wilderness Energy UK Limited for close cooperation on the licenses P-1207, P-1282 and P-1496 in Quadrant 9 on the UK continental shelf.
8:00 PM EST | September 10, 2007
Aker Exploration Take 30% Stake in License 428 Offshore Norway
Aker Exploration has entered into an agreement with Norsk Hydro Produksjon AS to acquire a 30% share in license 428 in the Norwegian Sea.
8:00 PM EST | September 04, 2007
Norsk Hydro Drills Dry Well in Farsund Basin
Norsk Hydro says wildcat well 11/5-1 in the Farsund basin was dry. The well is the first exploration well in production license 317, which was awarded in the 18th licensing round in 2004.
8:00 PM EST | September 03, 2007
AGR Wins Contract to Dismantle Two Deck Cranes at Oseberg Field Center
Norsk Hydro has awarded AGR an EPCI contract in connection with the dismantling of two deck cranes at Oseberg Field Center.
8:00 PM EST | September 02, 2007
AGR Group to Use New Excavation Technology at Ormen Lange
Norsk Hydro has signed a NOK 87 million agreement with AGR Subsea AS to deploy AGR Group's new seabed excavation technology, the Claycutter X, at Ormen Lange in mid 2008.
8:00 PM EST | August 28, 2007
Hydro Secures Stake in 13 Gulf of Mexico Blocks
Hydro secured ownership shares in all five deepwater prospects (seven blocks), in whole or in part, and in all six of the shelf prospects.
8:00 PM EST | August 27, 2007
Hydro Acquires Interests in UK Heavy Oil Fields
Hydro has reached an agreement with Chevron North Sea Ltd. to acquire their total interests in the Mariner and Bressay fields on the UK continental shelf.
8:00 PM EST | August 26, 2007
Norsk Hydro to Use Polar Pioneer to Drill Exploration Well 6609/6-1
Norsk Hydro Produksjon AS has received consent to drill exploration well 6609/6-1 using the Transocean Polar Pioneer.
8:00 PM EST | August 26, 2007
Sonangol Finds Additional Reserves in Block 4/05 Offshore Angola
Sonangol has discovered additional reserves in the Gimboa Development Area in the deepwater block 4/05 offshore Angola.
8:00 PM EST | August 23, 2007
Newfoundland to Pay C$110M for 4.9% Hebron Stake
Newfoundland Premier Danny Williams said Wednesday the province will pay C$110 million for its 4.9% equity stake in the C$6 billion Hebron offshore oil project.
8:00 PM EST | August 21, 2007
Norsk Hydro Purchased 311,000 of its Own Shares
On August 16, 2007, Norsk Hydro ASA purchased 311,000 own shares in the market at a price of NOK 198.63 per share.
8:00 PM EST | August 16, 2007
Norsk Hydro to Use West Venture at Troll
Norsk Hydro Produksjon AS has been granted consent to use the semisub, West Venture for production drilling at the Troll field.
8:00 PM EST | August 15, 2007
Hydro's Corporate Assembly Gives Nod to Board
Hydro's Corporate Assembly has considered the Board of Directors' termination of the company's stock-option program and given the board a vote of confidence.
8:00 PM EST | August 06, 2007
Reinås Resigns as Hydro's Chairman
Hydro chairman, Jan Reinås has informed the company's Board of Directors that he is resigning his position on the board, effective immediately.
8:00 PM EST | August 05, 2007
Norsk Hydro Gets Go-Ahead to Use Njord A Facilities
Norsk Hydro Produksjon AS has been granted consent to use the newly installed production facilities for gas export on the Njord A facility and the pipeline tied in to the Asgard Transport gas pipeline system from Asgard to Karsto.
8:00 PM EST | August 05, 2007
Prysmian to Supply Power & Communication Umilicals for Peregrino Project
Prysmian Cables & Systems has signed a Letter of Intent with affiliates of Norsk Hydro and Anadarko Petroleum Corporation for the supply of subsea power and communication umbilicals for the Peregrino development.
8:00 PM EST | July 25, 2007
Hydro Halts Stock Option Scheme
Norsk Hydro has decided to end the company's stock option scheme, in accordance with the Norwegian State's 2006 policy concerning executive compensation.
8:00 PM EST | July 24, 2007
Gaz de France Inks Gas Supply Deal with Norsk Hydro
Gaz de France has just signed a new agreement with Norsk Hydro for the delivery of 800 million cubic meters of natural gas per year to the United Kingdom, for a period of four years.
8:00 PM EST | July 22, 2007
Norsk Hydro Tests First Ormen Lange Gas Production Well
Norsk Hydro has successfully tested the first gas production well at its giant Ormen Lange field in Norway using the drillship West Navigator, the company said Monday.
8:00 PM EST | July 22, 2007
First Gas Flows from Independence Hub
first production from the record-setting Independence Hub project has been achieved on schedule and within budget.
8:00 PM EST | July 19, 2007
Norsk Hydro Extends Consent Solicitation Deadline
Norsk Hydro Produksjon AS says the extension of its consent solicitation in respect of its 9.125% Debentures due 2014 to July 30, 2007.
8:00 PM EST | July 16, 2007
Statoil Shareholders Approve Merger with Hydro
Statoil shareholders have at today's extraordinary general meeting approved the merger between Statoil ASA and the oil and gas activities of Norsk Hydro ASA.
8:00 PM EST | July 05, 2007
Statoil Encounters Gas at Yttergryta Wildcat
Statoil has completed drilling an exploration well at the Yttergryta prospect on the Norwegian Sea's Halten Terrace.
8:00 PM EST | July 04, 2007
Hydro Shareholders Approve Merger
The proposal to merge Hydro's oil and gas activities with Statoil ASA were approved today at an Extraordinary General Meeting. The merger plan was signed by the board of directors of Hydro and Statoil in March.
8:00 PM EST | July 04, 2007
Cormon Wins Appeal Court Verdict
The Norwegian Appeal Court has announced its verdict in the case between Cormon Ltd and Norsk Hydro ASA with Corrocean ASA.
8:00 PM EST | July 02, 2007
Nemo Engineering Awarded Contract for Valve Modules
Nemo Engineering has been awarded a contract to supply two hot tap valve modules and associated equipment for the remote pipeline hot tap operations on the Ormen Lange Southern Field Development.
8:00 PM EST | July 02, 2007
ONGC & Hydro in Deepwater Tie-Up
Oil and Natural Gas Corporation Ltd. has entered an agreement with Norwegian deepwater expert Norsk Hydro Produksjon AS, to develop deepwater oil and gas blocks off the Indian coasts.
8:00 PM EST | July 01, 2007