Hibiscus JV gets nod for Norwegian deal


PETALING JAYA: Norway’s Petroleum and Energy Ministry has approved the acquisition of four production licences at the Norwegian Continental Shelf by Hibiscus Petroleum Bhd joint venture unit Lime Petroleum Norway AS from North Energy ASA.

“Lime Norway is currently seeking to finalise the acquisition of interests in a further two production licences in the continental shelf,” Hibiscus said in a Bursa announcement.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , norway

   

Next In Business News

Businesses concerned about rising forex woes
Booming eCommerce bolsters consumption
Sasbadi reports record high quarterly revenue on robust sales
LME takes aim at traders’ Russian metal games with new rules
Helping more city-state F&B businesses to expand overseas
Funds raised by Singapore’s tech startups up 59% in 2023
Fernandes on board Capital A for five more years
China’s prices are too low for buyers to sweat about tariffs
UK firms told to ‘urgently review’ green claims
I-Bhd plans preference share issue

Others Also Read