Sval Energi, a Norwegian oil and gas company, has wrapped up its $300 million acquisition of Edison Norge, which controls Italian energy company Edison’s hydrocarbon exploration and production activities in Norway. The deal was announced in December 2020. Edison Norge has participation across nine production licences on the Norwegian continental shelf. These include the Nova […]
Vår Energi celebrated its first anniversary by wrapping up its previously announced $4.5 billion acquisition of the non-operated upstream assets of ExxonMobil in the Norwegian North Sea and the Norwegian Sea. The Norwegian oil and gas company, which is owned by Eni (69.6%) and HitecVision (30.4%), has doubled its production from the Norwegian Continental Shelf […]
Verus Petroleum acquisition of Cieco : Scottish oil and gas company Verus Petroleum, has signed a $400 million Sale & Purchase Agreement (SPA) with Japanese commodity trading house Itochu to acquire its subsidiary Cieco Exploration & Production (UK). Verus Petroleum acquisition of Cieco will see the Scottish oil and gas company get a stake of […]