Cairn enters agreement with Solveig Gas Norway for Capricorn Norge disposal
Solveig Gas Norway has entered into an agreement with Cairn Energy for the acquisition of all the shares in the Capricorn Norge for a total consideration of US$100 million.
Following this transaction, Cairn will have disposed of all of its assets in Norway and will reduce its committed exploration and development capital expenditure by US$100m.
Cairn will use the proceeds of the transaction to fund its ongoing business.
The transaction is expected to complete in early 2020 and remains subject to written consent by the Norwegian Ministry of Petroleum and Energy, partner and third-party approvals.
Country updates
-
-
November 20, 2019
Gasum invests in Linde's LNG assets and business
Gasum is acquiring AGA’s Clean Energy business and Nauticor’s Marine Bunkering business from Linde AG. The acquisition will enhance the development of the Nordic gas market and create a pl...
Read more -
November 15, 2019
Mirova closes Eurofideme 4 Fund with EUR875m
Natixis Asset Management sustainable investment unit Mirova has reached the final close of EUR875 million (US$943.1 million) for the Mirova Eurofideme 4 fund. The Fund focuses on supp...
Read more -
November 12, 2019
Polhem Infra acquires equity stake in Solör Bioenergy Group
Polhem Infra, a wholly owned by the Swedish State Pension Funds AP1, AP3, and AP4, has completed the acquisition of 21.45% of the shares in Solör Bioenergy Group from existing shareholders. 10% o...
Read more -
November 04, 2019
Equinor awards NOK3.3 billion contracts for 88 MW Hywind Tampen floating offshore wind project in the North Sea
On behalf of the Gullfaks and Snorre partners, Equinor has signed contracts totaling around NOK3.3 billion (US$361 million) for the Hywind Tampen wind farm development. The contracts have been awarde...
Read more -
October 23, 2019
Prime Capital closes acquisition of 160 MW Andmyran wind project in Andenes from Wallenstam
Wallenstam and Prime Capital close the acquisition by Prime Capital of 100% of the share capital of the wind power company Andmyran Vind AS (Andmyran). Andmyran is a fully permitted onshore wind proj...
Read more
