Press releases

Bullet

The latest and historical news about Noreco

  • 6/30/2015

    Changes to employee representation

    Stavanger, 30 June 2015: Employee representative Lotte Kiørboe has stepped down from the Board of Norwegian Energy Company ASA ("Noreco" or the "Company"), following approval by the Norwegian Corporate Democracy Board of the Company's application for termination of employee board representation at the parent company level. Following Kiørboe's resignation, Noreco's Board now consists of Silje Augustson (chair), Riulf Rustad, Julien Balkany and Andreas Greve-Isdahl (alternate). Contact:...
  • 6/25/2015

    Niobe exploration well dry

    Stavanger, 25 June 2015: The Niobe exploration well has been drilled to target depth without encountering hydrocarbons. The well will now be plugged and abandoned. Spudded on 8 June 2015 the well was drilled by the jackup drilling unit Ensco 100 in the P1889 licence, close to the Beatrice oil field in the Outer Moray Firth area off the north east coast of Scotland. Norwegian Energy Company (UK) Ltd, a subsidiary of Norwegian Energy Company ASA, is partner in the licence with a current equity...
  • 6/22/2015

    Noreco Norway provides operational update: Haribo exploration well spudded

    Stavanger 22 June 2015: Noreco Norway AS (“Noreco Norway” or the “Company”) announced that the drilling of the Haribo prospect in Norwegian licence PL616 has started. Noreco Norway holds a 20 per cent interest in the licence. The Haribo well (2/11-11) is drilled by the semi-submersible drilling rig Transocean Searcher. The drilling period is expected to take approximately 45 days. The Haribo prospect is located 10 km south west of the Valhall Field in the Norwegian part of the North Sea. The...
  • 6/10/2015

    Niobe exploration well spudded

    Stavanger 8 June 2015: Drilling of the Niobe exploration well in UK licence P1889 has started. The Norwegian Energy Company ASA (Noreco) group is partner in the licence with a current equity interest of 22.5 per cent. The licence is located in blocks 12/26b and 12/27 close to the Beatrice oil field in the Outer Moray Firth area off the north east coast of Scotland. The well is being drilled by the jackup drilling unit Ensco 100. The main target is in a stratigraphic pinch-out trap in Late...
  • 6/4/2015

    Production May 2015

    Stavanger, 4 June 2015: Net production for Norwegian Energy Company ASA (Noreco) in May 2015 is estimated at 5 046 barrels of oil equivalents (boe) per day. Net realised price in May was USD 56 per boe (USD 61 per barrel of oil) after adjustments for inventory, NGL and gas prices. Production per field in May 2015 (April 2015 in brackets): All in boepd Huntington – 4 419 (4 615)   Nini – * Cecilie – * Oselvar – 380 (411)   Lulita – 246 (285)   Total – 5 046 (5 310) * As previously reported,...
  • 6/1/2015

    Update regarding today’s Q1 2015 earnings call at 08.30 CET

    Stavanger 1 June 2015: As previously announced, Norwegian Energy Company ASA (Noreco) will be presenting its report for the first quarter of 2015 in an earnings call today, Monday 1 June 2015. The call is scheduled at 08.30 am CET. Please find call-in details below. CEO Tommy Sundt, CFO Odd Arne Slettebø and VP Exploration and Operation Lars Fosvold will be on the call. After a brief presentation questions will be answered. Please forward any questions you may have to investorrelations@noreco...
  • 5/31/2015

    Noreco announces first quarter 2015 results and completion of financial restructuring

  • 5/28/2015

    Noreco: Q1 presentation postponed

    Stavanger, 28 May 2015: Norwegian Energy Company ASA (Noreco) has decided to postpone the earnings call concerning its first quarter financial report until Monday 1 June. The financial report will be published on the Oslo Stock Exchange and on the company’s web site on 31 May at the latest. Due to a series of technical IFRS accounting effects related to the recently completed financial restructuring, finalising the report has required more time than originally anticipated. Contact:...
  • 5/26/2015

    Presentation of first quarter interim report

    Stavanger 26 May 2015: As previously announced, Norwegian Energy Company ASA and Noreco Norway AS (Noreco) will publish the interim report for the first quarter on Friday 29 May. The report will be published on www.newsweb.no and www.noreco.com . Management will be available in an earnings call on Friday 29 May at 08:30 CET. The presentation material for the call will be published in parallel with the interim report. After a brief presentation questions will be answered. Please forward any...
  • 5/20/2015

    Minutes from Annual General Meeting

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