Press releases

Bullet

The latest and historical news about Noreco

  • 12/19/2014

    Huntington at restricted rates, full production further delayed

    Stavanger, 19 December 2014: Norwegian Energy Company ASA (Noreco) has been informed that a temporary approval has been granted to resume production at reduced rate at the Huntington field, and that the field is now on stream.

  • 12/17/2014

    Cancellation of bondholders' meetings

    Stavanger, 17 December 2014: With reference to stock exchange announcement on 15 December 2014, see attached notice to bondholders concerning cancellation of bondholders' meetings scheduled for 18 December 2014.

  • 12/15/2014

    Financing update and restructuring proposal

    Stavanger, 15 December 2014:  Reference is made to previous stock exchange notices where Norwegian Energy Company ASA ("Noreco" or the "Company") has informed about impairments and negative developments in production performance, as well as to the summons to bondholders' meetings of 4 December 2014 to consider certain waivers and deferral of amortisation payments. 

  • 12/15/2014

    Further delays on Huntington

    Stavanger, 15 December 2014: Norwegian Energy Company ASA (Noreco) has been informed by the Huntington field operator that production has been further delayed due to an incident during restart of the CATS riser platform.

  • 12/15/2014

    Notice of Board resignation

    Stavanger, 15 December 2014: Chairman of the Board Erik Henriksen has given notice of resignation from his position on the Board of Norwegian Energy Company ASA. 

  • 12/12/2014

    Noreco - update

    Stavanger, 12 December 2014: Reference is made to the summons to bondholders' meetings of 4 December 2014. 

  • 12/9/2014

    Danish exploration well spudded

    Stavanger 9 December 2014: Drilling of the Xana exploration well in licence 9/95 on the Danish continental shelf has started. Norwegian Energy Company ASA (Noreco) is partner in the licence with an ownership of 20.1 per cent. 

  • 12/5/2014

    Production November 2014

    Stavanger, 5 December 2014: Norwegian Energy Company ASA (Noreco) in November 2014 produced 2 969 barrels of oil equivalents per day (boepd) on average. Net realised price in November was USD 67.4 per barrel of oil equivalents (USD 70.3 per barrel of oil) after adjustments for inventory, NGL and gas prices.

  • 12/4/2014

    Summons to bondholders' meetings

    Stavanger, 4 December 2014: Reference is made to previous stock exchange notices where Norwegian Energy Company ASA ("Noreco" or the "Company") has informed of expected impairments of Oselvar and Huntington and negative developments in production performance, including its announcement on 19 November 2014 where it was reported that deferral of certain bond payments due on 9 December 2014 would need to be ...

  • 12/1/2014

    Material for conference call regarding third quarter

    Stavanger, 1 December 2014: Attached please find practical information and presentation material, which will be referenced during today’s conference call about Noreco’s report for the third quarter 2014.

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