Vรฅr acquires new operated stakes in Norwayโs Balder area
Vรฅr Energi has agreed a series of deals to increase its acreage in the Balder area, with a view to taking over operatorship of the licences.
Vรฅr Energi has agreed a series of deals to increase its acreage in the Balder area, with a view to taking over operatorship of the licences.
Lukas Lundin, of the Lundin Group, has died at the age of 64 after a two-year struggle with brain cancer.
The merger of Aker BP and Lundin Energyโs oil and gas businesses is due to be completed after market close today, finalising the creation of a major new Norwegian energy player.
A planned takeover of Lundin Energyโs exploration and production business by Aker BP is forecast to complete at the end of the month.
Lundin Energy plans to rename itself Orrรถn Energy, as it focuses on entirely on renewables following the spin-off of its oil and gas business to Aker BP.
Following Aker BPโs 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 Norwayโs lucrative oil and gas sector, according to Oyvind Eriksen, chief executive of the firmโs parent company.
Proposals have been published outlining the process for Aker BPโs takeover of Lundin Energy, in a merger aimed at creating Norwayโs second-largest oil and gas producer.
Aker BP achieved โrecord strong financial resultsโ 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 โlong-term headwindsโ, itโs โfull steam aheadโ for Norwegian oil and gas operators next year, according to Wood Mackenzie.
AkerBP has set out a plan to buy Lundin Energyโs 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 worldโs 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 โcrushing injuryโ at a North Sea oilfield.