• 6/30/2014

    Tommy Sundt new CFO of Noreco

    Stavanger, 30 June 2014: Norwegian Energy Company ASA (Noreco) has appointed Tommy Sundt as Chief Financial Officer (CFO). He will join the company on 2 September 2014.

  • 6/5/2014

    Production May 2014

    Stavanger, 5 June 2014: Norwegian Energy Company (Noreco) in May 2014 produced 4 558 barrels of oil equivalents per day (boepd) on average. Net realised price in May was USD 99.9 per barrel of oil equivalents (USD 109.7 per barrel of oil) after adjustments for inventory, NGL and gas prices.

  • 6/3/2014

    CFO Ørjan Gjerde is leaving Noreco

    Stavanger, 3 June 2014: Ørjan Gjerde, who has been CFO at Noreco since March 2012, has handed in his resignation and will leave the company by 31 August 2014. The search for his replacement has already commenced.

  • 6/2/2014

    Verdande well will be plugged and abandoned

    Stavanger, 2 June 2014: Noreco is in the process of completing drilling of the Verdande well 6608/10-16 (PL484). Although hydrocarbon shows were found in two sections, the well will now be plugged and abandoned without further testing.

  • 5/23/2014

    Appraisal drilling on Gohta has started

    Stavanger 23 May 2014: Norwegian Energy Company ASA (Noreco) is pleased to announce that the drilling of appraisal well 7120/1-4S in PL492 in the Barents Sea has started. The main objective is to appraise the Permian carbonate reservoir in the Gohta discovery. 

  • 5/20/2014

    Good first quarter for Noreco

    Stavanger, 20 May 2014: Norwegian Energy Company ASA (Noreco) today presents good financial results for the first quarter 2014. Higher production resulted in increased revenues and NOK 166 million in operating profits before depreciations and amortisations (EBITDA). Net profit after depreciation, amortisation, financial items and tax amounted to NOK 64 million negative.

  • 5/14/2014

    Invitation to Noreco Q1 2014 Presentation and Webcast

    Stavanger, 14 May 2014: Norwegian Energy Company ASA (Noreco) will present the results for Q1 2014 on Tuesday 20 May 2014 at 08.30 Norwegian time.

  • 5/13/2014

    Huntington production resumed

    Stavanger, 13 May 2014: Production from the Huntington field in the UK resumed on 11 May. 

  • 5/5/2014

    Production April 2014

    Stavanger, 5 May 2014: Norwegian Energy Company (Noreco) in April 2014 produced 5 246 barrels of oil equivalents per day (boepd) on average. Net realised price in April was USD 99.7 per barrel of oil equivalents (USD 110.3 per barrel of oil) after adjustments for inventory, NGL and gas prices.

  • 4/25/2014

    Share option awards to all employees

    Stavanger, 25 April 2014: The board of Norwegian Energy Company ASA (Noreco) has in today’s Annual General Meeting been given authorisation to issue share options to all employees in Noreco, in accordance with the company’s current options scheme.  

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