Norwegian Energy Company ASA (NOR) - Oil & Gas - Deals and Alliances Profile

 Published On: Aug, 2016 |    No of Pages: 99 |  Published By: GlobalData | Format: PDF
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Summary

Norwegian Energy Company ASA (Noreco) is an oil and gas company that offers exploration and development services. The company explores, develops and produces oil, gas, and natural gas liquids. It operates through ongoing and planned exploration wells which include P1889 Niobe and PL616 Haribo. Noreco also has oil discoveries such as Gohta and Albert. The company's producing fields comprise Huntington Forties, Oselvar, Nini & Nini East, Cecilie, Lulita and Enoch. It has operations in North Sea region; and in Norway, Denmark and the UK. Noreco is headquartered in Oslo, Norway.

Norwegian Energy Company ASA (NOR) - 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
Norwegian Energy Company ASA, Oil & Gas, Deals By Year, 2010 to YTD 2016 8
Norwegian Energy Company ASA, Oil & Gas Deals By Type, 2010 to YTD 2016 9
Norwegian Energy Company ASA, Oil & Gas, Deals By Region, 2010 to YTD 2016 10
Norwegian Energy Company ASA, Oil & Gas, Deals By Sector, 2010 to YTD 2016 11
Norwegian Energy Company ASA, Oil & Gas, Deals Summary, 2010 to YTD 2016 12
Norwegian Energy Company ASA, Oil & Gas, Deal Details 15
Asset Purchase 15
Noreco Completes Acquisition Of 20% Interest In PL492 Offshore Norway From Lundin And Det norske 15
Altinex Oil Completes Acquisition Of 47% Interest In License 02/05, Offshore Denmark, From Elko Energy 16
Norwegian Energy Completes Acquisition Of 10% Interest In PL392 In Norwegian Sea From BG Norge 17
Norwegian Energy Completes Acquisition Of 20% Interest In PL434 From E.ON Ruhrgas 18
Norwegian Energy Acquires 50% Interest In Licence PL396 From Discover Petroleum 19
Equity Offering 20
Norwegian Energy Completes Public Offering Of Shares For US$16.9 Million 20
Noreco Completes Private Placement Of Shares For US$70 Million 22
Norwegian Energy Completes Private Placement Of Shares For US$72.8 Million 23
Noreco Completes Private Placement Of Shares For US$0.7 million (MM) 25
Noreco Completes Private Placement Of Shares For US$69.7 Million 27
Debt Offering 29
Norwegian Energy Completes Private Placement Of Bonds For US$54.5 Million 29
Noreco Completes Private Placement Of Bond Due 2013 For US$52.3 Million 30
Noreco Completes Private Placement Of Senior Secured Bond For US$58 Million 31
Noreco Completes Private Placement Of 10.25% Senior Secured Bond For US$49.6 Million 32
Asset Transactions 33
Det norske Completes Acquisition Of Remaining Interests In Norwegian Exploration Licenses Of Noreco Norway 33
CapeOmega Completes Acquisition Of 4.36% Interest In Enoch License From Noreco Norway 34
Azinor Catalyst To Acquire 100% Interest In Seaward Production Licence P.1989 In UK Continental Shelf From Trap Oil And Noreco 35
Noreco Norway To Sell Interest In Norwegian Exploration Licenses To Djerv Energi 36
CapeOmega Completes Acquisition Of 15% Interest In Licenses PL 274 And PL 274 CS From Noreco For US$25.5 Million 37
Noreco Terminates Sale Of Its 20% Interest In Huntington License In Central North Sea 38
North Energy Terminates Acquisition Of Additional 30% Interest In PL484 License, Offshore Norway, From Noreco Norway 39
North Energy Terminates Acquisition Of 15% Interest In License PL484 In Norwegian Continental Shelf From Noreco Norway In Swap Transaction 40
Nordsofonden Acquires 4.1% Interest In Xana License In Danish North Sea From Noreco 41
Norwegian Energy To Sell 35% Interest In License P2302 In UK North Sea To Total 42
Noreco Plans To Sell 20% Stake In Gohta Snadd Discovery In Barents Sea Of Norway 43
Noreco To Sell 10% Working Interest In Romeo License In UK Central North Sea To Trap Oil 44
Total Completes Acquisition Of 11.875% Interest In License P1666 In UK North Sea From Norwegian Energy For US$7 Million 45
North Energy Completes Acquisition Of 6.67% Interest In PL 526, Offshore Norway, From Norwegian Energy 46
OMV (Norge) Completes Acquisition Of 20% Interest In PL435 In Norway From Noreco For US$32 Million 47
DONG Energy Completes Acquisition Of 50% Interest In Siri Field From Noreco For US$13.5 Million 48
Maersk Oil Completes Acquisition Of Certain Interest In Flyndre Paleocene Discovery In Norway From Noreco For US$3.5 Million 49
Lundin Petroleum Acquires 20% Interest In PL148 In Norway From Noreco For US$2.4 Million 50
Hess Denmark, DONG Energy And Danoil Exploration Complete Acquisition Of 6.56% Stake In South Arne Oil Field In Denmark From Noreco For US$200 million (MM) 51
Core Energy Completes Acquisition Of 12.3% Interest In Brage Field And 17.5% Interest In Hyme Field, Offshore Norway From Norwegian Energy For US$85 Million 53
Spring Energy Acquires 20% Working Interest In PL 490 From Norwegian Energy 54
Norwegian Energy Terminates Sale Of Its Interest In Norwegian Oil Fields Oselvar And Enoch 55
Marubeni Acquires Interests In Oselvar And Enoch Fields From Norwegian Energy 56
Talisman Energy Acquires 20% Interest In PL378 From Noreco 57
Acquisition 58
IKM Industri-Invest Acquires Stake In Noreco For US$1 Million 58
Norwegian Energy Company ASA - Key Competitors 59
Key Employees 60
Locations And Subsidiaries 61
Head Office 61
Other Locations & Subsidiaries 61
Recent Developments 62
License Awards 62
Mar 23, 2015: Norwegian Energy Company: Update Concerning Danish Licences 62
Strategy and Business Expansion 63
Jul 01, 2015: Noreco Norway Announces Redundancies 63
Feb 04, 2015: Norwegian Energy Company: Financing Update And Revised Restructuring Proposal 64
Drilling and Production Updates 65
Oct 08, 2015: Noreco: Production September 2015 65
Sep 04, 2015: Norwegian Energy: Production August 2015 66
Aug 07, 2015: Norwegian Energy: Production July 2015 67
Jul 20, 2015: Noreco Norway Announces Dry Haribo Well 68
Jul 07, 2015: Noreco: Production June 2015 69
Jun 25, 2015: Noreco: Niobe Exploration Well Dry 70
Jun 08, 2015: Noreco: Niobe Exploration Well Spudded 71
Jun 04, 2015: Noreco Announces Production Update For May-2015 72
May 08, 2015: Norwegian Energy Announces Production Update For April-2015 73
May 08, 2015: Noreco: Production April 2015 74
Apr 08, 2015: NORECO: Production March 2015 75
Mar 09, 2015: Norwegian Energy Company: Production February 2015 76
Feb 06, 2015: Noreco: Production January 2015 77
Jan 09, 2015: Norwegian Energy Company: Production December 2014 78
Financial Announcements 79
May 26, 2016: Norwegian Energy Provides Report For The First Quarter 2016 79
Aug 27, 2015: Noreco Announces Second Quarter 2015 Results 81
May 31, 2015: Noreco Announces First Quarter 2015 Results And Completion Of Financial Restructuring 82
Feb 27, 2015: Norwegian Energy Company: Lower Production And Restructuring Marks Fourth Quarter Financials 83
Other Significant Developments 88
May 11, 2016: Appointment Of CEO Of Norwegian Energy 88
Jan 11, 2016: Noreco Announces Exit Of The Huntington license 89
Nov 02, 2015: Noreco Provides An Update On The Huntington Licence 90
Nov 02, 2015: Iona Energy Announces Huntington Update 91
Oct 13, 2015: Noreco Announces Management Changes 92
Sep 09, 2015: Government Of Norway: Significant Interest In Exploration For Oil And Gas In Norway 93
Apr 16, 2015: Norwegian Energy: Update On Huntington 96
Mar 26, 2015: Norwegian Energy Company: Proposed Board And Nomination Committee Members 97
Jan 20, 2015: Norwegian Energy Company: Extended CATS Restrictions For Huntington 98
Appendix 99
Methodology 99
About GlobalData 99
Contact Us 99
Disclaimer 99

List of Tables
Norwegian Energy Company ASA, Oil & Gas, Key Facts, 2015 1
Norwegian Energy Company ASA, Oil & Gas, Deals Summary, 2010 to YTD 2016 1
Norwegian Energy Company ASA, Oil & Gas, Deals By Year, 2010 to YTD 2016 8
Norwegian Energy Company ASA, Oil & Gas Deals By Type, 2010 to YTD 2016 9
Norwegian Energy Company ASA, Oil & Gas, Deals By Region, 2010 to YTD 2016 10
Norwegian Energy Company ASA, Deals By Sector, 2010 to YTD 2016 11
Norwegian Energy Company ASA, Oil & Gas, Deals Summary, 2010 to YTD 2016 12
Noreco Completes Acquisition Of 20% Interest In PL492 Offshore Norway From Lundin And Det norske 15
Altinex Oil Completes Acquisition Of 47% Interest In License 02/05, Offshore Denmark, From Elko Energy 16
Norwegian Energy Completes Acquisition Of 10% Interest In PL392 In Norwegian Sea From BG Norge 17
Norwegian Energy Completes Acquisition Of 20% Interest In PL434 From E.ON Ruhrgas 18
Norwegian Energy Acquires 50% Interest In Licence PL396 From Discover Petroleum 19
Norwegian Energy Completes Public Offering Of Shares For US$16.9 Million 20
Noreco Completes Private Placement Of Shares For US$70 Million 22
Norwegian Energy Completes Private Placement Of Shares For US$72.8 Million 23
Noreco Completes Private Placement Of Shares For US$0.7 million (MM) 25
Noreco Completes Private Placement Of Shares For US$69.7 Million 27
Norwegian Energy Completes Private Placement Of Bonds For US$54.5 Million 29
Noreco Completes Private Placement Of Bond Due 2013 For US$52.3 Million 30
Noreco Completes Private Placement Of Senior Secured Bond For US$58 Million 31
Noreco Completes Private Placement Of 10.25% Senior Secured Bond For US$49.6 Million 32
Det norske Completes Acquisition Of Remaining Interests In Norwegian Exploration Licenses Of Noreco Norway 33
CapeOmega Completes Acquisition Of 4.36% Interest In Enoch License From Noreco Norway 34
Azinor Catalyst To Acquire 100% Interest In Seaward Production Licence P.1989 In UK Continental Shelf From Trap Oil And Noreco 35
Noreco Norway To Sell Interest In Norwegian Exploration Licenses To Djerv Energi 36
CapeOmega Completes Acquisition Of 15% Interest In Licenses PL 274 And PL 274 CS From Noreco For US$25.5 Million 37
Noreco Terminates Sale Of Its 20% Interest In Huntington License In Central North Sea 38
North Energy Terminates Acquisition Of Additional 30% Interest In PL484 License, Offshore Norway, From Noreco Norway 39
North Energy Terminates Acquisition Of 15% Interest In License PL484 In Norwegian Continental Shelf From Noreco Norway In Swap Transaction 40
Nordsofonden Acquires 4.1% Interest In Xana License In Danish North Sea From Noreco 41
Norwegian Energy To Sell 35% Interest In License P2302 In UK North Sea To Total 42
Noreco Plans To Sell 20% Stake In Gohta Snadd Discovery In Barents Sea Of Norway 43
Noreco To Sell 10% Working Interest In Romeo License In UK Central North Sea To Trap Oil 44
Total Completes Acquisition Of 11.875% Interest In License P1666 In UK North Sea From Norwegian Energy For US$7 Million 45
North Energy Completes Acquisition Of 6.67% Interest In PL 526, Offshore Norway, From Norwegian Energy 46
OMV (Norge) Completes Acquisition Of 20% Interest In PL435 In Norway From Noreco For US$32 Million 47
DONG Energy Completes Acquisition Of 50% Interest In Siri Field From Noreco For US$13.5 Million 48
Maersk Oil Completes Acquisition Of Certain Interest In Flyndre Paleocene Discovery In Norway From Noreco For US$3.5 Million 49
Lundin Petroleum Acquires 20% Interest In PL148 In Norway From Noreco For US$2.4 Million 50
Hess Denmark, DONG Energy And Danoil Exploration Complete Acquisition Of 6.56% Stake In South Arne Oil Field In Denmark From Noreco For US$200 million (MM) 51
Core Energy Completes Acquisition Of 12.3% Interest In Brage Field And 17.5% Interest In Hyme Field, Offshore Norway From Norwegian Energy For US$85 Million 53
Spring Energy Acquires 20% Working Interest In PL 490 From Norwegian Energy 54
Norwegian Energy Terminates Sale Of Its Interest In Norwegian Oil Fields Oselvar And Enoch 55
Marubeni Acquires Interests In Oselvar And Enoch Fields From Norwegian Energy 56
Talisman Energy Acquires 20% Interest In PL378 From Noreco 57
IKM Industri-Invest Acquires Stake In Noreco For US$1 Million 58
Norwegian Energy Company ASA, Key Competitors 59
Norwegian Energy Company ASA, Key Employees 60
Norwegian Energy Company ASA, Subsidiaries 61

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


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