Equinor Agrees to Buy Sval Energi's 11.8% Stake in Halten East Unit
11.07.2024 By Tank Terminals - NEWS

November 07, 2024 [Reuters]- Norway’s Equinor said on Thursday it has agreed to buy Sval Energi’s 11.8% stake in the ongoing offshore development Halten East Unit in the Norwegian Sea, increasing the company’s ownership to 69.5%.

 

The recoverable reserves in Halten East are estimated to be around 100 million barrels of oil equivalents, of which approximately 60% is gas that will be exported to Europe via Kaarstoe in south-western Norway.

Equinor is the operator of the Halten East Unit, in which Var Energi owns a 24.6% stake while Norwegian state-owned oil firm Petoro has 5.9%.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

UAE Invests Billions in AI to Diversify Economy Beyond Oil
11.13.2024 - NEWS
November 13, 2024 [Oil Price]- The United Arab Emirates’ state-owned energy giant Abu Dhabi Nat... Read More
Gulf Energy Transition: Assessing Saudi and Emirati Goals
11.13.2024 - NEWS
November 13, 2024 [The Washington Institute]- On October 29, during Saudi Arabia’s annual Futur... Read More
How will The Energy Sector Fare Under Donald Trump?
11.13.2024 - NEWS
November 13, 2024 [Investing Daily]- The energy sector experienced a notable boost following Dona... Read More
PNOC, Pertamina Partner on LNG Infrastructure, Supply Chain
11.13.2024 - NEWS
November 13, 2024 [Manila Bulletin]- State-run Philippine National Oil Company (PNOC) has signed ... Read More