Det Norske Oljeselskap in USD 120 million acquisition

Norwegian oil company Det Norske Oljeselskap has put USD 120 million on the table to buy Norwegian Premier Oil. The acquisition will give the company access to a range of licenses and stakes in the North Sea.

BY DANIEL LOGAN BERG-MUNCH

Det Norske Oljeselskap will pay USD 120 million for the oil company Premier Oil Norway AS, according to a press release from the oil exploration and development company, which together with Maersk Oil is also a partner in the major Johan Sverdrup oil field project in the North Sea.

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Det Norske Oljeselskap in USD 120 million acquisition

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs