Press releases


The latest and historical news about Noreco

  • 4/16/2015

    Update on Huntington

    Stavanger, 16 April 2015: Norwegian Energy Company ASA (Noreco) has been informed by the operator that the Huntington field is now fully back on stream. Currently the field is producing around 28,000 barrels of oil equivalents per day (boepd), corresponding to 5,600 boepd net to Noreco. These production rates are in line with expectations of initial rates from the wells post a period of shutdown. As previously reported, production will naturally decline through 2015. Production levels at the...
  • 4/8/2015

    Production March 2015

  • 3/30/2015

    Changes to employee representation

    Stavanger, 30 March 2015: Employee representative Bård Lærum has stepped down from the board of Norwegian Energy Company ASA ("Noreco" or the Company"), as the number of employee representatives on the board is reduced to one. Following the completed restructuring, the Company is in the process of seeking to move the employee representation from the Company to Noreco Norway AS, being the employer to most of the group's employees. Pending such move and following Lærum's resignation, the...
  • 3/27/2015

    Minutes from extraordinary general meeting

  • 3/27/2015

    Change in reporting language

  • 3/26/2015

    Proposed board and nomination committee members

  • 3/24/2015

    Reminder - extraordinary general meeting 27 March 2015

  • 3/24/2015

    Completion of restructuring - issuance of new shares and execution of amended bond agreements

    Stavanger, 24 March 2015: Reference is made to previous announcements concerning the restructuring of Norwegian Energy Company ASA ("Noreco" or the "Company") through conversion of bond debt to equity and amended bond terms (the "Restructuring"), including the notices on 2 and 3 March 2015 following approvals by bondholders' meetings and the extraordinary general meeting. The Restructuring has now been completed through the issuance of 652 715 195 new shares against conversion of NOR10, NOR11...
  • 3/23/2015

    Update concerning Danish licences

    Stavanger, 23 March 2015: As previously reported, Norwegian Energy Company ASA’s (Noreco) Danish subsidiary was in January prevented from making payments for its share of production costs at the Nini field, and it was consequently in breach of the licence agreement.

  • 3/15/2015

    Notice to bondholders

    See attached notice to bondholders in NOR06, NOR10, NOR11 and NOR12 concerning record date and expected settlement for new shares and bonds pursuant to the approved restructuring.