Norway Approves Chrysaor's North Sea Oil Stake

Posted by Michelle Howard
Monday, October 29, 2018

Norway has approved British oil firm Chrysaor's purchase of a 15 percent stake in the North Sea Grevling oil discovery, the Ministry of oil and energy said on Monday.

It was Chrysaor's first stake in the Nordic country, and the company has said it eventually aims to become a field operator in Norway, according to the ministry.

Norwegian oil firm OKEA has a 55-percent stake in Grevling, while state-owned Petoro holds 20 percent.

Reporting by Terje Solsvik

Categories: North Sea Offshore Energy

Related Stories

Drone Strike on Kuwaiti Oil Tanker off Dubai Signals Further Escalation in Gulf

INPEX Extends Pertamina LNG Pact, Signs Upstream MoU in Southeast Asia

Chiyoda, NYK, KNCC Target Global CCS Value Chain Development

Oil Rises as Widening Conflict Endangers Red Sea, Hormuz Flows

Asian Buyers Rush for Russian Oil Amid Supply Disruption

Arabian Drilling Flags Temporary Offshore Rig Suspensions in Persian Gulf

Oil Rises as Iran Denies US Talks, Supply Risks Persist

Eni Advances Major Deep Water Gas Hubs with Dual FIDs

Eni Advances Angola Gas Project, Secures $9B Credit Facility

Lamprell Secures ONGC Deal for Subsea Pipeline Replacement Project

Current News

Drone Strike on Kuwaiti Oil Tanker off Dubai Signals Further Escalation in Gulf

INPEX Extends Pertamina LNG Pact, Signs Upstream MoU in Southeast Asia

Chiyoda, NYK, KNCC Target Global CCS Value Chain Development

PV Drilling Names New ‘Super Rig’ ahead of April Operations

Big Oil to Look Beyond Middle East as War Raises Risks

Oil Rises as Widening Conflict Endangers Red Sea, Hormuz Flows

Eni Exits Consortium for Oil and Gas Exploration Offshore Israel

Big Oil to Reap Billions from Energy Price Surge

UAE Stands Ready to Join Force to Reopen Strait of Hormuz

Asian Buyers Rush for Russian Oil Amid Supply Disruption

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com