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

 Published On: Dec, 2016 |    No of Pages: 96 |  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 14
Asset Purchase 14
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 Acquisition Of 10% Interest In PL392 In Norwegian Sea From BG Norge 16
Norwegian Energy Completes Acquisition Of 20% Interest In PL434 From E.ON Ruhrgas 16
Norwegian Energy Acquires 50% Interest In Licence PL396 From Discover Petroleum 17
Equity Offering 18
Norwegian Energy Completes Public Offering Of Shares For US$16.9 Million 18
Noreco Completes Private Placement Of Shares For US$70 Million 19
Norwegian Energy Completes Private Placement Of Shares For US$72.8 Million 20
Noreco Completes Private Placement Of Shares For US$0.7 million (MM) 21
Noreco Completes Private Placement Of Shares For US$69.7 Million 23
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 24
Noreco Completes Private Placement Of Senior Secured Bond For US$58 Million 25
Noreco Completes Private Placement Of 10.25% Senior Secured Bond For US$49.6 Million 26
Asset Transactions 27
Det norske Completes Acquisition Of Remaining Interests In Norwegian Exploration Licenses Of Noreco Norway 27
CapeOmega Completes Acquisition Of 4.36% Interest In Enoch License From Noreco Norway 28
Azinor Catalyst To Acquire 100% Interest In Seaward Production Licence P.1989 In UK Continental Shelf From Trap Oil And Noreco 29
Noreco Norway To Sell Interest In Norwegian Exploration Licenses To Djerv Energi 30
CapeOmega Completes Acquisition Of 15% Interest In Licenses PL 274 And PL 274 CS From Noreco For US$25.5 Million 30
Nordsofonden Acquires 4.1% Interest In Xana License In Danish North Sea From Noreco 31
Norwegian Energy To Sell 35% Interest In License P2302 In UK North Sea To Total 32
Noreco Plans To Sell 20% Stake In Gohta Snadd Discovery In Barents Sea Of Norway 33
Noreco To Sell 10% Working Interest In Romeo License In UK Central North Sea To Trap Oil 34
Total Completes Acquisition Of 11.875% Interest In License P1666 In UK North Sea From Norwegian Energy For US$7 Million 35
North Energy Completes Acquisition Of 6.67% Interest In PL 526, Offshore Norway, From Norwegian Energy 36
OMV (Norge) Completes Acquisition Of 20% Interest In PL435 In Norway From Noreco For US$32 Million 37
DONG Energy Completes Acquisition Of 50% Interest In Siri Field From Noreco For US$13.5 Million 37
Maersk Oil Completes Acquisition Of Certain Interest In Flyndre Paleocene Discovery In Norway From Noreco For US$3.5 Million 38
Lundin Petroleum Acquires 20% Interest In PL148 In Norway From Noreco For US$2.4 Million 39
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) 41
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 42
Spring Energy Acquires 20% Working Interest In PL 490 From Norwegian Energy 43
Marubeni Acquires Interests In Oselvar And Enoch Fields From Norwegian Energy 44
Talisman Energy Acquires 20% Interest In PL378 From Noreco 45
Acquisition 46
IKM Industri-Invest Acquires Stake In Noreco For US$1 Million 46
Norwegian Energy Company ASA - Key Competitors 47
Key Employees 48
Locations And Subsidiaries 49
Head Office 49
Other Locations & Subsidiaries 49
Recent Developments 50
License Awards 50
Mar 23, 2015: Norwegian Energy Company: Update Concerning Danish Licences 50
Strategy and Business Expansion 51
Jul 01, 2015: Noreco Norway Announces Redundancies 51
Feb 04, 2015: Norwegian Energy Company: Financing Update And Revised Restructuring Proposal 52
Drilling and Production Updates 53
Oct 08, 2015: Noreco: Production September 2015 53
Sep 04, 2015: Norwegian Energy: Production August 2015 54
Aug 07, 2015: Norwegian Energy: Production July 2015 55
Jul 20, 2015: Noreco Norway Announces Dry Haribo Well 56
Jul 07, 2015: Noreco: Production June 2015 57
Jun 25, 2015: Noreco: Niobe Exploration Well Dry 58
Jun 08, 2015: Noreco: Niobe Exploration Well Spudded 59
Jun 04, 2015: Noreco Announces Production Update For May-2015 60
May 08, 2015: Norwegian Energy Announces Production Update For April-2015 61
May 08, 2015: Noreco: Production April 2015 62
Apr 08, 2015: NORECO: Production March 2015 63
Mar 09, 2015: Norwegian Energy Company: Production February 2015 64
Feb 06, 2015: Noreco: Production January 2015 65
Jan 09, 2015: Norwegian Energy Company: Production December 2014 66
Financial Announcements 67
Nov 23, 2016: Noreco Announces Third Quarter 2016 Results 67
Aug 31, 2016: Noreco announces second quarter 2016 results 70
May 26, 2016: Norwegian Energy Provides Report For The First Quarter 2016 75
Aug 27, 2015: Noreco Announces Second Quarter 2015 Results 77
May 31, 2015: Noreco Announces First Quarter 2015 Results And Completion Of Financial Restructuring 78
Feb 27, 2015: Norwegian Energy Company: Lower Production And Restructuring Marks Fourth Quarter Financials 79
Other Significant Developments 84
Oct 25, 2016: Noreco Provides Update On The SIRI Court Proceedings 84
May 11, 2016: Appointment Of CEO Of Norwegian Energy 85
Jan 11, 2016: Noreco Announces Exit Of The Huntington license 86
Nov 02, 2015: Noreco Provides An Update On The Huntington Licence 87
Nov 02, 2015: Iona Energy Announces Huntington Update 88
Oct 13, 2015: Noreco Announces Management Changes 89
Sep 09, 2015: Government Of Norway: Significant Interest In Exploration For Oil And Gas In Norway 90
Apr 16, 2015: Norwegian Energy: Update On Huntington 93
Mar 26, 2015: Norwegian Energy Company: Proposed Board And Nomination Committee Members 94
Jan 20, 2015: Norwegian Energy Company: Extended CATS Restrictions For Huntington 95
Appendix 96
Methodology 96
About GlobalData 96
Contact Us 96
Disclaimer 96

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 14
Altinex Oil Completes Acquisition Of 47% Interest In License 02/05, Offshore Denmark, From Elko Energy 15
Norwegian Energy Completes Acquisition Of 10% Interest In PL392 In Norwegian Sea From BG Norge 16
Norwegian Energy Completes Acquisition Of 20% Interest In PL434 From E.ON Ruhrgas 16
Norwegian Energy Acquires 50% Interest In Licence PL396 From Discover Petroleum 17
Norwegian Energy Completes Public Offering Of Shares For US$16.9 Million 18
Noreco Completes Private Placement Of Shares For US$70 Million 19
Norwegian Energy Completes Private Placement Of Shares For US$72.8 Million 20
Noreco Completes Private Placement Of Shares For US$0.7 million (MM) 21
Noreco Completes Private Placement Of Shares For US$69.7 Million 23
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 24
Noreco Completes Private Placement Of Senior Secured Bond For US$58 Million 25
Noreco Completes Private Placement Of 10.25% Senior Secured Bond For US$49.6 Million 26
Det norske Completes Acquisition Of Remaining Interests In Norwegian Exploration Licenses Of Noreco Norway 27
CapeOmega Completes Acquisition Of 4.36% Interest In Enoch License From Noreco Norway 28
Azinor Catalyst To Acquire 100% Interest In Seaward Production Licence P.1989 In UK Continental Shelf From Trap Oil And Noreco 29
Noreco Norway To Sell Interest In Norwegian Exploration Licenses To Djerv Energi 30
CapeOmega Completes Acquisition Of 15% Interest In Licenses PL 274 And PL 274 CS From Noreco For US$25.5 Million 30
Nordsofonden Acquires 4.1% Interest In Xana License In Danish North Sea From Noreco 31
Norwegian Energy To Sell 35% Interest In License P2302 In UK North Sea To Total 32
Noreco Plans To Sell 20% Stake In Gohta Snadd Discovery In Barents Sea Of Norway 33
Noreco To Sell 10% Working Interest In Romeo License In UK Central North Sea To Trap Oil 34
Total Completes Acquisition Of 11.875% Interest In License P1666 In UK North Sea From Norwegian Energy For US$7 Million 35
North Energy Completes Acquisition Of 6.67% Interest In PL 526, Offshore Norway, From Norwegian Energy 36
OMV (Norge) Completes Acquisition Of 20% Interest In PL435 In Norway From Noreco For US$32 Million 37
DONG Energy Completes Acquisition Of 50% Interest In Siri Field From Noreco For US$13.5 Million 37
Maersk Oil Completes Acquisition Of Certain Interest In Flyndre Paleocene Discovery In Norway From Noreco For US$3.5 Million 38
Lundin Petroleum Acquires 20% Interest In PL148 In Norway From Noreco For US$2.4 Million 39
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) 41
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 42
Spring Energy Acquires 20% Working Interest In PL 490 From Norwegian Energy 43
Marubeni Acquires Interests In Oselvar And Enoch Fields From Norwegian Energy 44
Talisman Energy Acquires 20% Interest In PL378 From Noreco 45
IKM Industri-Invest Acquires Stake In Noreco For US$1 Million 46
Norwegian Energy Company ASA, Key Competitors 47
Norwegian Energy Company ASA, Key Employees 48
Norwegian Energy Company ASA, Subsidiaries 49

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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