Home › Business › Business News
Tuesday, 19 November 2013
PETALING JAYA: Norway’s Petroleum and Energy Ministry has approved the acquisition of two production licences at the Norwegian Continental Shelf by Hibiscus Petroleum Bhd’s joint-venture unit Lime Petroleum Norway AS (Lime Norway) from North Energy ASA (North Energy).
In its filing with Bursa Malaysia, Hibiscus said the two new production licences comprised a 10% interest each in PL 707 (Seiland West) and PL 708 (Seiland East) located in the Barents Sea in the Norwegian Continental Shelf.
Lime Norway is a unit of Lime Petroleum Plc, an entity jointly controlled by Hibiscus Petroleum, Schroder & Co Banque S.A. and Rex Oil & Gas Ltd (Rex).
Tough time for Gen-Yers as cost of living continues to rise
Leo Burnett, Mindshare and Carat in the spotlightthe spotlight
The squeezed middle
Government-linked funds snap up blue-chip stocks
Ladies, time to stand up and fight for your man
Looking out for your ears
Extroverts are better protected against infections
Reds snatch a point at Anfield
Two N.Y. police officers slain in apparent retribution attack
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)