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

 Published On: Aug, 2017 |    No of Pages: 74 |  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, produces and develops oil, gas, and natural gas liquids deposit properties. It operates through ongoing and planned exploration wells such as PL616 Haribo and P1889 Niobe. Noreco operates oil discoveries such as Gohta and Albert. The company's oil and gas producing fields comprise Oselvar, Huntington Forties, Nini & Nini East, Lulita, Cecilie, and Enoch. It has its operations 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 3
List of Tables 5
List of Figures 5
Norwegian Energy Company ASA, Oil & Gas, Deals By Year, 2011 to YTD 2017 7
Norwegian Energy Company ASA, Oil & Gas Deals By Type, 2011 to YTD 2017 8
Norwegian Energy Company ASA, Oil & Gas, Deals By Region, 2011 to YTD 2017 9
Norwegian Energy Company ASA, Oil & Gas, Deals By Sector, 2011 to YTD 2017 10
Norwegian Energy Company ASA, Oil & Gas, Deals Summary, 2011 to YTD 2017 11
Norwegian Energy Company ASA, Oil & Gas, Deal Details 13
Asset Purchase 13
Noreco Oil Acquires 29% Interest In Huntington Oil Field In UK Central North Sea From Premier Oil 13
Noreco Completes Acquisition Of 20% Interest In PL492 Offshore Norway From Lundin And Det norske 14
Altinex Oil Completes Acquisition Of 47% Interest In License 02/05, Offshore Denmark, From Elko Energy 15
Equity Offering 16
Norwegian Energy Completes Public Offering Of Shares For US$16.9 Million 16
Noreco Completes Private Placement Of Shares For US$70 Million 17
Norwegian Energy Completes Private Placement Of Shares For US$72.8 Million 18
Noreco Completes Private Placement Of Shares For US$0.7 million (MM) 20
Noreco Completes Private Placement Of Shares For US$69.7 Million 22
Debt Offering 24
Norwegian Energy Completes Private Placement Of Bonds For US$54.5 Million 24
Noreco Completes Private Placement Of Bond Due 2013 For US$52.3 Million 25
Noreco Completes Private Placement Of Senior Secured Bond For US$58 Million 26
Noreco Completes Private Placement Of 10.25% Senior Secured Bond For US$49.6 Million 27
Asset Transactions 28
Det norske Completes Acquisition Of Remaining Interests In Norwegian Exploration Licenses Of Noreco Norway 28
CapeOmega Completes Acquisition Of 4.36% Interest In Enoch License From Noreco Norway 29
Azinor Catalyst To Acquire 100% Interest In Seaward Production Licence P.1989 In UK Continental Shelf From Trap Oil And Noreco 30
Noreco Norway To Sell Interest In Norwegian Exploration Licenses To Djerv Energi 31
CapeOmega Completes Acquisition Of 15% Interest In Licenses PL 274 And PL 274 CS From Noreco For US$25.5 Million 32
Nordsofonden Acquires 4.1% Interest In Xana License In Danish North Sea From Noreco 33
Norwegian Energy To Sell 35% Interest In License P2302 In UK North Sea To Total 34
Noreco Plans To Sell 20% Stake In Gohta Snadd Discovery In Barents Sea Of Norway 35
Noreco To Sell 10% Working Interest In Romeo License In UK Central North Sea To Trap Oil 36
Total Completes Acquisition Of 11.875% Interest In License P1666 In UK North Sea From Norwegian Energy For US$7 Million 37
North Energy Completes Acquisition Of 6.67% Interest In PL 526, Offshore Norway, From Norwegian Energy 38
OMV (Norge) Completes Acquisition Of 20% Interest In PL435 In Norway From Noreco For US$32 Million 39
DONG Energy Completes Acquisition Of 50% Interest In Siri Field From Noreco For US$13.5 Million 40
Maersk Oil Completes Acquisition Of Certain Interest In Flyndre Paleocene Discovery In Norway From Noreco For US$3.5 Million 41
Lundin Petroleum Acquires 20% Interest In PL148 In Norway From Noreco For US$2.4 Million 42
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) 43
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 45
Spring Energy Acquires 20% Working Interest In PL 490 From Norwegian Energy 46
Acquisition 47
IKM Industri-Invest Acquires Stake In Noreco For US$1 Million 47
Norwegian Energy Company ASA - Key Competitors 48
Norwegian Energy Company ASA - Key Employees 49
Norwegian Energy Company ASA - Locations And Subsidiaries 50
Head Office 50
Other Locations & Subsidiaries 50
Recent Developments 51
Financial Announcements 51
May 24, 2017: Noreco Announces First Quarter 2017 Results 51
Feb 15, 2017: Noreco Announces Fourth Quarter 2016 Results 55
Nov 23, 2016: Noreco Announces Third Quarter 2016 Results 58
Aug 31, 2016: Noreco announces second quarter 2016 results 61
May 26, 2016: Norwegian Energy Provides Report For The First Quarter 2016 66
Other Significant Developments 68
May 03, 2017: Norwegian Energy Announces Management Changes 68
Mar 14, 2017: Noreco Provides Update On Siri Insurance Claims 69
Jan 12, 2017: NORECO: Appeal On Siri Insurance Claims 70
Oct 25, 2016: Noreco Provides Update On The SIRI Court Proceedings 71
May 11, 2016: Appointment Of CEO Of Norwegian Energy 72
Jan 11, 2016: Noreco Announces Exit Of The Huntington license 73
Appendix 74
Methodology 74
About GlobalData 74
Contact Us 74
Disclaimer 74

List of Tables
Norwegian Energy Company ASA, Oil & Gas, Key Facts, 2016 2
Norwegian Energy Company ASA, Oil & Gas, Deals Summary, 2011 to YTD 2017 2
Norwegian Energy Company ASA, Oil & Gas, Deals By Year, 2011 to YTD 2017 7
Norwegian Energy Company ASA, Oil & Gas Deals By Type, 2011 to YTD 2017 8
Norwegian Energy Company ASA, Oil & Gas, Deals By Region, 2011 to YTD 2017 9
Norwegian Energy Company ASA, Deals By Sector, 2011 to YTD 2017 10
Norwegian Energy Company ASA, Oil & Gas, Deals Summary, 2011 to YTD 2017 11
Noreco Oil Acquires 29% Interest In Huntington Oil Field In UK Central North Sea From Premier Oil 13
Noreco Completes Acquisition Of 20% Interest In PL492 Offshore Norway From Lundin And Det norske 14
Altinex Oil Completes Acquisition Of 47% Interest In License 02/05, Offshore Denmark, From Elko Energy 15
Norwegian Energy Completes Public Offering Of Shares For US$16.9 Million 16
Noreco Completes Private Placement Of Shares For US$70 Million 17
Norwegian Energy Completes Private Placement Of Shares For US$72.8 Million 18
Noreco Completes Private Placement Of Shares For US$0.7 million (MM) 20
Noreco Completes Private Placement Of Shares For US$69.7 Million 22
Norwegian Energy Completes Private Placement Of Bonds For US$54.5 Million 24
Noreco Completes Private Placement Of Bond Due 2013 For US$52.3 Million 25
Noreco Completes Private Placement Of Senior Secured Bond For US$58 Million 26
Noreco Completes Private Placement Of 10.25% Senior Secured Bond For US$49.6 Million 27
Det norske Completes Acquisition Of Remaining Interests In Norwegian Exploration Licenses Of Noreco Norway 28
CapeOmega Completes Acquisition Of 4.36% Interest In Enoch License From Noreco Norway 29
Azinor Catalyst To Acquire 100% Interest In Seaward Production Licence P.1989 In UK Continental Shelf From Trap Oil And Noreco 30
Noreco Norway To Sell Interest In Norwegian Exploration Licenses To Djerv Energi 31
CapeOmega Completes Acquisition Of 15% Interest In Licenses PL 274 And PL 274 CS From Noreco For US$25.5 Million 32
Nordsofonden Acquires 4.1% Interest In Xana License In Danish North Sea From Noreco 33
Norwegian Energy To Sell 35% Interest In License P2302 In UK North Sea To Total 34
Noreco Plans To Sell 20% Stake In Gohta Snadd Discovery In Barents Sea Of Norway 35
Noreco To Sell 10% Working Interest In Romeo License In UK Central North Sea To Trap Oil 36
Total Completes Acquisition Of 11.875% Interest In License P1666 In UK North Sea From Norwegian Energy For US$7 Million 37
North Energy Completes Acquisition Of 6.67% Interest In PL 526, Offshore Norway, From Norwegian Energy 38
OMV (Norge) Completes Acquisition Of 20% Interest In PL435 In Norway From Noreco For US$32 Million 39
DONG Energy Completes Acquisition Of 50% Interest In Siri Field From Noreco For US$13.5 Million 40
Maersk Oil Completes Acquisition Of Certain Interest In Flyndre Paleocene Discovery In Norway From Noreco For US$3.5 Million 41
Lundin Petroleum Acquires 20% Interest In PL148 In Norway From Noreco For US$2.4 Million 42
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) 43
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 45
Spring Energy Acquires 20% Working Interest In PL 490 From Norwegian Energy 46
IKM Industri-Invest Acquires Stake In Noreco For US$1 Million 47
Norwegian Energy Company ASA, Key Competitors 48
Norwegian Energy Company ASA, Key Employees 49
Norwegian Energy Company ASA, Other Locations 50
Norwegian Energy Company ASA, Subsidiaries 50

List of Figures
Norwegian Energy Company ASA, Oil & Gas, Deals by Type, 2011 to YTD 2017 2
Norwegian Energy Company ASA, Oil & Gas, Deals By Year, 2011 to YTD 2017 2
Norwegian Energy Company ASA, Oil & Gas, Deals By Region, 2011 to YTD 2017 2
Norwegian Energy Company ASA, Oil & Gas, Deals By Sector, 2011 to YTD 2017 2
Norwegian Energy Company ASA, Oil & Gas, Deals By Year, 2011 to YTD 2017 7
Norwegian Energy Company ASA, Oil & Gas, Deals by Type, 2011 to YTD 2017 8
Norwegian Energy Company ASA, Oil & Gas, Deals By Region, 2011 to YTD 2017 9
Norwegian Energy Company ASA, Oil & Gas, Deals by Sector, 2011 to YTD 2017 10


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