North Energy ASA (NORTH) - Oil & Gas - Deals and Alliances Profile

 Published On: Dec, 2016 |    No of Pages: 94 |  Published By: GlobalData | Format: PDF
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Summary

North Energy ASA (North Energy) is an upstream oil and gas company that provides exploration and development activities in Norwegian Continental Shelf (NCS). The company’s business includes license mapping and drilling programmes. It enhances its production activity and expands its acreage position. North Energy also conducts geological and geophysical (G&G) studies. The company operates through its portfolio of production licenses in the Norwegian Sea, Barents Sea and North Sea regions. It shares the operational and financial risks through partnerships with other oil and gas companies. The company operates through its offices located in Stavanger and Vika, Norway. North Energy is headquartered in Oslo, Norway.

North Energy ASA (NORTH) - Oil & Gas - Deals and Alliances Profile provides you comprehensive data and trend analysis of the company's Mergers and Acquisitions (M&As), partnerships and financings. The report provides detailed information on Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnership transactions recorded by the company over a five year period. The report offers detailed comparative data on the number of deals and their value categorized into deal types, sub-sector and regions.

GlobalData derived the data presented in this report from proprietary in-house Oil & Gas eTrack deals database, and primary and secondary research.

Scope

- Financial Deals - Analysis of the company's financial deals including Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships.
- Deals by Year - Chart and table displaying information encompassing the number of deals and value reported by the company by year, for a five year period.
- Deals by Type - Chart and table depicting information including the number of deals and value reported by the company by type such as Mergers and Acquisitions, Equity/Debt Offering etc.
- Deals by Region - Chart and table presenting information on the number of deals and value reported by the company by region, which includes North America, Europe, Asia Pacific, the Middle East and Africa and South and Central America.
- Deals by Sub-sector - Chart and table showing information on the number of deals and value reported by the company, by sub-sector.
- Major Deals - Information on the company's major financial deals. Each such deal has a brief summary, deal type, deal rationale; and deal financials and target Company’s (major public companies) key financial metrics and ratios.
- Business Description - A brief description of the company's operations.
- Key Employees - A list of the key executives of the company.
- Important Locations and Subsidiaries - A list and contact details of key centers of operation and subsidiaries of the company.
- Key Competitors - A list of the key competitors of the company.
- Key Recent Developments - A brief on recent news about the company.

Reasons to Buy

Get detailed information on the company's financial deals that enable you to understand the company's expansion/divestiture and fund requirements
- The profile enables you to analyze the company's financial deals by region, by year, by business segments and by type, for a five year period.

Understand the company's business segments' expansion / divestiture strategy
- The profile presents deals from the company's core business segments' perspective to help you understand its corporate strategy.

Access elaborate information on the company's recent financial deals that enable you to understand the key deals which have shaped the company
- Detailed information on major recent deals includes a summary of each deal, deal type, deal rationale, deal financials and Target Company's key financial metrics and ratios.

Equip yourself with detailed information about the company’s operations to identify potential customers and suppliers.
- The profile analyzes the company's business structure, locations and subsidiaries, key executives and key competitors.

Stay up-to-date on the major developments affecting the company
- Recent developments concerning the company presented in the profile help you track important events.

Gain key insights into the company for academic or business research
- Key elements such as break up of deals into categories and information on detailed major deals are incorporated into the profile to assist your academic or business research needs.

Note*: Some sections may be missing if data is unavailable for the company.

Table of Contents
Table of Contents 2
List of Tables 5
List of Figures 7
North Energy ASA, Oil & Gas, Deals By Year, 2010 to YTD 2016 8
North Energy ASA, Oil & Gas Deals By Type, 2010 to YTD 2016 9
North Energy ASA, Oil & Gas, Deals By Region, 2010 to YTD 2016 10
North Energy ASA, Oil & Gas, Deals By Sector, 2010 to YTD 2016 11
North Energy ASA, Oil & Gas, Deals Summary, 2010 to YTD 2016 12
North Energy ASA, Oil & Gas, Deal Details 14
Asset Purchase 14
North Energy Completes Acquisition Of Additional 18% Interest In License PL484 In Norwegian North Sea From Dana Petroleum 14
North Energy Completes Acquisition Of 20% Interest In PL 484 License, Offshore Norway, From Explora Petroleum In Swap Transaction 15
Explora Petroleum Completes Acquisition Of 10% Interest In PL 722 License In Barents Sea From North Energy In Swap Transaction 15
North Energy Completes Acquisition of 10% Interest In Production License 507 In Norwegian North Sea From Tullow Oil 16
North Energy Acquires Additional 10% Interest In PL 591 And PL 591 B In Norwegian North Sea From Tullow Oil 17
North Energy Completes Acquisition Of 10% Interest In PL 591 And PL 591 B In Norwegian North Sea From Tullow Oil 18
Explora Petroleum Completes Acquisition Of 10% Interest In PL 559 Offshore Norway From Rocksource 18
North Energy Acquires 40% Interest In Licenses PL 509S And PL 509BS In Norwegian North Sea From Wintershall Norge 19
Explora Petroleum To Acquire 20% Interest In PL484, Offshore Norway, From E.ON E&P Norge 20
Explora Petroleum To Acquire 15% Interest In PL375, 375B and 375C, Offshore Norway, From Wintershall Norge 21
North Energy Acquires Interest In Three Production Licenses, Offshore Norway, From 4Sea Energy For US$6.6 Million 22
Explora Petroleum Completes Acquisition Of 30% Interest In PL544 From Lundin Norway 22
North Energy Completes Acquisition Of 20% Interest In PL 299 Frode From Dong E&P Norge In Swap Transaction 23
North Energy Completes Acquisition Of 20% Interest In PL 526, Offshore Norway, From Dana Petroleum 24
North Energy Completes Acquisition Of 6.67% Interest In PL 526, Offshore Norway, From Norwegian Energy 25
North Energy Acquires 15% Interest In PL 450 26
North Energy Acquires 10% Interest In PL 370, Offshore Norway, From Wintershall 27
North Energy Acquires Additional 20% Interest In PL 385, Offshore Norway, From Wintershall 28
Private Equity 28
Warburg Pincus To Invest Up To US$150 Million In Explora Petroleum 28
Equity Offering 29
North Energy Completes Private Placement Of Shares For US$46 Million 29
North Energy Completes Private Placement Of Shares For US$1 Million 30
North Energy Completes Private Placement Of Shares US$27.1 Million 32
North Energy Completes IPO 33
Asset Transactions 34
North Energy Completes Sale Of 10% Interest In Production License 708 To Pure E&P 34
North Energy To Sell 10% Interest In PL707 In Barents Sea, Norway To Lime Norway 35
Det norske Completes Acquisition Of 10% Interest In PL 722 License In Barents Sea From North Energy 35
North Energy Completes Acquisition Of 20% Interest In PL 484 License, Offshore Norway, From Explora Petroleum In Swap Transaction 36
Explora Petroleum Completes Acquisition Of 10% Interest In PL 722 License In Barents Sea From North Energy In Swap Transaction 37
Lime Petroleum Completes Acquisition of 5% Interest Each In PL591 And PL591B Norwegian Sea From North Energy 38
Lime Petroleum Completes Acquisition Of 20% Interest In PL 509 CS In Norwegian North Sea From North Energy 39
Spike Exploration Completes Acquisition Of 10% Working Interest Each In PL 299 And PL 590, Norwegian North Sea, From North Energy 40
Lime Norway Completes Acquisition Of 10% Interest In PL 707 And PL 708 Licenses In Norway From North Energy 41
Lime Petroleum Completes Acquisition Of 20% Interest In PL 509 Norway North Sea From North Energy 42
Lime Petroleum Completes Acquisition Of Interests In Four Offshore Licenses In Norway North Sea From North Energy For US$4.9 Million 43
Maersk Oil And Edison International Acquire Interests In PL 510, Offshore Norway, From North Energy 44
North Energy Acquires Interest In Three Production Licenses, Offshore Norway, From 4Sea Energy For US$6.6 Million 45
Dong E&P Norge Completes Acquisition Of PL 385 From North Energy In Swap Transaction 45
Centrica Resources Completes Acquisition Of 12% Interest In PL433 From North Energy For US$12 Million 46
Acquisition 47
North Energy Completes Acquisition Of Explora Petroleum For US$2.5 Million 47
North Energy Completes The Acquisition of 4sea energy 48
Taube Hodson Stonex Partners Acquires 10.86% Interest In North Energy 49
North Energy ASA - Key Competitors 51
Key Employees 52
Locations And Subsidiaries 53
Head Office 53
Other Locations & Subsidiaries 53
Recent Developments 54
License Awards 54
Feb 25, 2015: North Energy: Strong Focus On Coming Licensing Rounds 54
Jan 21, 2015: Lime Petroleum Norway Awarded One New Licence In APA 2014 55
Jan 20, 2015: Norway Announces Considerable Interest In Further Exploration Of The Norwegian Shelf 56
Jan 20, 2015: North Energy: Two New Licences In APA 2014 59
Jan 20, 2015: Norway Offers Interest In Further Exploration Of Norwegian Shelf 60
Jan 20, 2015: North Energy: Awarded Two New Licences In APA 2014 63
Strategy and Business Expansion 64
Sep 16, 2015: North Energy Announces Further Extensive Cost Cuts 64
Aug 19, 2015: North Energy: Second Quarter Of 2015 - Further Market Adaptations After Disappointing Exploration Wells 65
Drilling and Production Updates 66
Nov 24, 2015: Lundin Petroleum Spuds Exploration Well On The Ornen Prospect In The Barents Sea South 66
Jul 20, 2015: Noreco Norway Announces Dry Haribo Well 67
Jun 23, 2015: North Energy: Dry Exploration Well On The Zumba Prospect In PL 591 68
Jun 22, 2015: Noreco Norway Provides Operational Update: Haribo Exploration Well Spudded 69
Jun 22, 2015: Tullow Oil: Norway Exploration Well Update 70
Jun 15, 2015: Lime Petroleum Norway To Participate In Drilling Of Well In PL616 71
May 27, 2015: North Energy - PL 591 Zumba Well Spudded 72
Jan 07, 2015: North Energy - PL 510 Tvillingen South Well Spudded 73
Financial Announcements 74
May 04, 2016: North Energy Reports Q1 2016 Financial Report 74
May 13, 2015: North Energy First Quarter Of 2015 Restructuring Plan On Schedule, Up To Four Exploration Wells In Second Half 76
Other Significant Developments 77
Mar 09, 2016: North Energy- Exploration Financing Facility Renewed 77
Oct 01, 2015: North Energy: Non-Commercial Discovery From The Tvillingen Sor Exploration Well 78
Sep 09, 2015: Government Of Norway: Significant Interest In Exploration For Oil And Gas In Norway 79
Aug 11, 2015: North Energy - PL 510 Tvillingen South Well Spudded On August 11, 2015 82
Jun 23, 2015: Rex International: Update On Zumba Exploration Well In PL591 In Norway 83
Jun 21, 2015: Edison Norge Started Drilling Well 2/11-11 In PL616 On 21th June 2015 84
Jun 10, 2015: Concedo: The Haribo Well (2/11-11) Is Close To Spud 85
May 26, 2015: Edison Norge Wins Drilling Permit For Well 2/11-11 - Production Licence 616 86
May 13, 2015: NPD: Drilling Permit For Well 6507/11-11 In Production Licence 591 87
May 13, 2015: NPD: Drilling Permit For Well 6507/11-11 In Production Licence 591 88
Apr 30, 2015: North Energy - CEO Erik Karlstrom Relieved Of His Duties With Immediate Effect 89
Feb 23, 2015: Maersk Oil Abandons Twillingen South Well 90
Feb 20, 2015: North Energy: Update On Exploration Well Tvillingen South In PL 510 In The Norwegian Sea 91
Feb 12, 2015: North Energy Presents Fourth Quarter Results: Active Moves For The Future 92
Appendix 94
Methodology 94
About GlobalData 94
Contact Us 94
Disclaimer 94

List of Tables
North Energy ASA, Oil & Gas, Key Facts, 2015 1
North Energy ASA, Oil & Gas, Deals Summary, 2010 to YTD 2016 1
North Energy ASA, Oil & Gas, Deals By Year, 2010 to YTD 2016 8
North Energy ASA, Oil & Gas Deals By Type, 2010 to YTD 2016 9
North Energy ASA, Oil & Gas, Deals By Region, 2010 to YTD 2016 10
North Energy ASA, Deals By Sector, 2010 to YTD 2016 11
North Energy ASA, Oil & Gas, Deals Summary, 2010 to YTD 2016 12
North Energy Completes Acquisition Of Additional 18% Interest In License PL484 In Norwegian North Sea From Dana Petroleum 14
North Energy Completes Acquisition Of 20% Interest In PL 484 License, Offshore Norway, From Explora Petroleum In Swap Transaction 15
Explora Petroleum Completes Acquisition Of 10% Interest In PL 722 License In Barents Sea From North Energy In Swap Transaction 15
North Energy Completes Acquisition of 10% Interest In Production License 507 In Norwegian North Sea From Tullow Oil 16
North Energy Acquires Additional 10% Interest In PL 591 And PL 591 B In Norwegian North Sea From Tullow Oil 17
North Energy Completes Acquisition Of 10% Interest In PL 591 And PL 591 B In Norwegian North Sea From Tullow Oil 18
Explora Petroleum Completes Acquisition Of 10% Interest In PL 559 Offshore Norway From Rocksource 18
North Energy Acquires 40% Interest In Licenses PL 509S And PL 509BS In Norwegian North Sea From Wintershall Norge 19
Explora Petroleum To Acquire 20% Interest In PL484, Offshore Norway, From E.ON E&P Norge 20
Explora Petroleum To Acquire 15% Interest In PL375, 375B and 375C, Offshore Norway, From Wintershall Norge 21
North Energy Acquires Interest In Three Production Licenses, Offshore Norway, From 4Sea Energy For US$6.6 Million 22
Explora Petroleum Completes Acquisition Of 30% Interest In PL544 From Lundin Norway 22
North Energy Completes Acquisition Of 20% Interest In PL 299 Frode From Dong E&P Norge In Swap Transaction 23
North Energy Completes Acquisition Of 20% Interest In PL 526, Offshore Norway, From Dana Petroleum 24
North Energy Completes Acquisition Of 6.67% Interest In PL 526, Offshore Norway, From Norwegian Energy 25
North Energy Acquires 15% Interest In PL 450 26
North Energy Acquires 10% Interest In PL 370, Offshore Norway, From Wintershall 27
North Energy Acquires Additional 20% Interest In PL 385, Offshore Norway, From Wintershall 28
Warburg Pincus To Invest Up To US$150 Million In Explora Petroleum 28
North Energy Completes Private Placement Of Shares For US$46 Million 29
North Energy Completes Private Placement Of Shares For US$1 Million 30
North Energy Completes Private Placement Of Shares US$27.1 Million 32
North Energy Completes IPO 33
North Energy Completes Sale Of 10% Interest In Production License 708 To Pure E&P 34
North Energy To Sell 10% Interest In PL707 In Barents Sea, Norway To Lime Norway 35
Det norske Completes Acquisition Of 10% Interest In PL 722 License In Barents Sea From North Energy 35
North Energy Completes Acquisition Of 20% Interest In PL 484 License, Offshore Norway, From Explora Petroleum In Swap Transaction 36
Explora Petroleum Completes Acquisition Of 10% Interest In PL 722 License In Barents Sea From North Energy In Swap Transaction 37
Lime Petroleum Completes Acquisition of 5% Interest Each In PL591 And PL591B Norwegian Sea From North Energy 38
Lime Petroleum Completes Acquisition Of 20% Interest In PL 509 CS In Norwegian North Sea From North Energy 39
Spike Exploration Completes Acquisition Of 10% Working Interest Each In PL 299 And PL 590, Norwegian North Sea, From North Energy 40
Lime Norway Completes Acquisition Of 10% Interest In PL 707 And PL 708 Licenses In Norway From North Energy 41
Lime Petroleum Completes Acquisition Of 20% Interest In PL 509 Norway North Sea From North Energy 42
Lime Petroleum Completes Acquisition Of Interests In Four Offshore Licenses In Norway North Sea From North Energy For US$4.9 Million 43
Maersk Oil And Edison International Acquire Interests In PL 510, Offshore Norway, From North Energy 44
North Energy Acquires Interest In Three Production Licenses, Offshore Norway, From 4Sea Energy For US$6.6 Million 45
Dong E&P Norge Completes Acquisition Of PL 385 From North Energy In Swap Transaction 45
Centrica Resources Completes Acquisition Of 12% Interest In PL433 From North Energy For US$12 Million 46
North Energy Completes Acquisition Of Explora Petroleum For US$2.5 Million 47
North Energy Completes The Acquisition of 4sea energy 48
Taube Hodson Stonex Partners Acquires 10.86% Interest In North Energy 49
North Energy ASA, Key Competitors 51
North Energy ASA, Key Employees 52
North Energy ASA, Other Locations 53
North Energy ASA, Subsidiaries 53

List of Figures
North Energy ASA, Oil & Gas, Deals by Type, 2010 to YTD 2016 1
North Energy ASA, Oil & Gas, Deals By Year, 2010 to YTD 2016 1
North Energy ASA, Oil & Gas, Deals By Region, 2010 to YTD 2016 1
North Energy ASA, Oil & Gas, Deals By Sector, 2010 to YTD 2016 1
North Energy ASA, Oil & Gas, Deals By Year, 2010 to YTD 2016 8
North Energy ASA, Oil & Gas, Deals by Type, 2010 to YTD 2016 9
North Energy ASA, Oil & Gas, Deals By Region, 2010 to YTD 2016 10
North Energy ASA, Oil & Gas, Deals by Sector, 2010 to YTD 2016 11


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