Lundin Energy plans to rename itself Orrön Energy, as it focuses on entirely on renewables following the spin-off of its oil and gas business to Aker BP.
Following Aker BP’s takeover of its oil and gas assets, Lundin Energy has presented plans for its new, renewables-focused business.
Aker BP is actively looking to purchase more assets or companies operating in Norway’s lucrative oil and gas sector, according to Oyvind Eriksen, chief executive of the firm’s parent company.
Proposals have been published outlining the process for Aker BP’s takeover of Lundin Energy, in a merger aimed at creating Norway’s second-largest oil and gas producer.
Aker BP achieved “record strong financial results” last year spurred on by more buoyant oil and gas prices.
Westwood Global Energy reports that there were three exploration wells active as of 24 January. One exploration well has spudded and completed in 2022.
Despite “long-term headwinds”, it’s “full steam ahead” for Norwegian oil and gas operators next year, according to Wood Mackenzie.
AkerBP has set out a plan to buy Lundin Energy’s E&P business, which it will pay for in a combination of cash and shares.
Nordic oil producer Lundin Energy is exploring a potential sale that could rank as one of the largest European oil and gas deals in years, people with knowledge of the matter said.
Ancala Midstream has confirmed that first gas from the Rolvsnes field has arrived at its receiving facility in Scotland.
North Sea operator Lundin energy has traded the world’s first ever certified, carbon neutrally produced oil.
Ancala Midstream has won a multi-million pound deal to transport gas from the prolific Edvard Grieg Area in Norway for processing in Scotland.
An offshore worker has been hospitalised after sustaining a “crushing injury” at a North Sea oilfield.