• 9/23/2013

    Production update as per mid-September

    Stavanger, 23 September 2013 – Norwegian Energy Company (Noreco) continues to record unstable production levels at its Huntington and Oselvar fields, which were both shut-in during parts of August.

  • 9/10/2013

    Gohta oil discovery in the Barents Sea to be tested

    Stavanger, 10 September 2013: Noreco Norway AS, a 100% owned subsidiary of Norwegian Energy Company ASA (Noreco), partner on licence PL492, has been informed by the operator Lundin Norway AS on the progress of the drilling of exploration well 7120/1-3. The well is targeting the Gohta prospect, which is situated 35 km northwest of the Snøhvit field in the Barents Sea, offshore northern Norway.

  • 9/9/2013

    Production August 2013

    Stavanger, 9 September 2013: As a result of several unrelated and temporary technical issues, which have been reported before, average production for Norwegian Energy Company (Noreco) in August 2013 was only 1 559 barrels of oil equivalents (boe) per day, compared to 3 874 boe per day in July. Net realised price was USD 91.9 per boe adjusted for inventory.

  • 8/29/2013

    Noreco reports second quarter 2013 results

    Stavanger, 29 August 2013: Norwegian Energy Company ASA (Noreco) today presents its second quarter 2013 report, with a negative EBITDA of NOK 45 million and a net loss of NOK 504 million for the period.

  • 8/26/2013

    Production update Danish fields

    Stavanger, 26 August 2013 – Restart of production from the Nini, Nini East and Cecilie fields, which the operator planned last week, has been delayed.

  • 8/22/2013

    NOR – Resignations from the board

    Stavanger, 22 August 2013: The directors Erik Henriksen and Marika Svärdström have effective today given notice of resignation from the board of directors of Noreco

  • 8/22/2013

    Production resumed on Huntington

    Stavanger, 22 August 2013: Reference is made to the press release dated 12 August regarding the shut in of production from the Huntington field.

  • 8/19/2013

    Invitation to Noreco Q2 2013 Presentation and Webcast

    Norwegian Energy Company ASA (Noreco) will present the results for Q2 2013 on Thursday 29. August 2013 at 08.30 Norwegian time

  • 8/13/2013

    Huntington temporarily shut-in

    Stavanger, 12 August 2013: The operator on the Huntington field has informed its partners that production at the field will remain shut until issues related to the cargo tank venting system on board the platform at the field has been resolved. Norwegian Energy Company (Noreco) is partner and owns 20 per cent of the Huntington license.

  • 8/9/2013

    Defect gas compressor at the Ula field closes Oselvar

    Stavanger, 9 August 2013: Due to a defect gas compressor the Ula field will not be able to receive and process production from satellite fields, the field operator informs. This means that the Oselvar field is shut down. Noreco’s interest in Oselvar is 15 per cent.

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