Vår Energi invests in ExxonMobil’s Norwegian upstream assets
Vår Energi AS, owned by Eni and HitecVision, has signed an agreement with ExxonMobil to acquire its upstream assets in Norway. The transaction includes ownership interests in more than 20 producing fields operated mostly by Equinor, including Grane, Snorre, Ormen Lange, Statfjord and Fram, with a combined production of approximately 150,000 barrels of oil equivalents per day (boepd) in 2019.
The agreed terms include a cash consideration of US$4.5 billion subject to closing adjustments. The acquisition has an effective date of 1 January 2019 and is expected to be completed in Q4 2019 subject to standard conditions precedent, including customary approvals from regulatory authorities.
Country updates
-
-
September 23, 2019
Vestas to supply Haramsfjellet wind project in Haramsøya
Vestas has received a 34 MW order for the Haramsfjellet wind project on the island of Haramsøya in western Norway. Vestas has developed a solution to fit the site’s wind conditions that...
Read more -
September 18, 2019
Taaleri SolarWind II fund invests in 34 MW Haram wind farm in Norway
The Taaleri SolarWind II fund has acquired 100% ownership of the Haram wind farm. The wind farm is located in the county of Møre og Romsdal, in western Norway, around 20 kilometers north of &Ar...
Read more -
September 16, 2019
Green Investment Group acquires 47 MW Tysvær wind project in Norway
Macquarie’s Green Investment Group has announced the acquisition of the 47 MW Tysvær wind Farm located in the Tysvær municipality, within Rogaland Fylke, Norway, from Spani...
Read more -
September 06, 2019
Enova commits USD 259m to support Equinor's 88 MW Hywind Tampen floating offshore wind project in the North Sea
Enova has pledged NOK2.3 billion (US$259 million) in support to 88 MW Hywind Tampen floating offshore wind project in the North Sea. The amount of funding for Equinor's project, which will help to sup...
Read more -
August 13, 2019
Aquila Capital enters agreement with Eolus Vind for the 400 MW Oyfjellet wind project acquisition
The Hamburg-based alternative investment specialist Aquila Capital has entered into an agreement with Sweden’s Eolus Vind AB for the acquisition of a 400 MW Oyfjellet wind farm f...
Read more
