Norway has said it will soon decide whether to cut its oil production to help support plummeting prices.
Norwegian oil firm Okea has today announced its intention to launch an initial public offering (IPO) of its ordinary shares and to apply to publicly list the business on the Oslo Stock Exchange.
Oil giant Shell has announced the sale of its interest in the Draugen and Goja fields to OKEA AS for £412 million.
Norway's energy ministry has approved Chrysaor's acquisition of 15% of a licence from Okea.
Plans by Norwegian private equity-backed firm OKEA to list its business on the Oslo stock exchange "could shape future" North Sea investment, a WoodMac analyst has said.
Shell has agreed to sell off its interests in two oil fields to Norwegian firm OKEA for £442 million.
OKEA have awarded a frame agreement to Ridge AS for well management services.
Energy services company, AGR, has announced a deal to work with the Norwegian development and production company, OKEA, to support the life cycle of its upstream assets on the Norwegian continental shelf.
Norwegian company OKEA said it had entered into a sale and purchase agreement with Repsol for a 60% stake in the Yme field. The company said the move will be subject to approval by the Norwegian authorities once an update plan for development and operation has been submitted.