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BW will spin off and list energy company

BW Group is looking to list its energy company BW Energy, which covers ownership stakes in several oil fields, on the Oslo Stock Exchange. BW Offshore's management will move to BW Energy in July.

Carl K. Arnet, current CEO of BW Offshore, will become new chief executive officer of BW Energy. | Photo: BW Group

Singapore-based BW Group is preparing to put another company on the stock exchange with a listing of its energy unit BW Energy.

BW Energy is currently part of BW Offshore and owns stakes in three oil and gas fields in Gabon, Namibia and Brazil. The plan now is to list the energy company as an independent unit on the Oslo Stock Exchange before the end of the year, says BW in a notice.

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