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).
Hibiscus: Hydrocarbons not found at well
Hibiscus plans to drill five wells
Hibiscus unit buys stake in O&G well
Hibiscus unit to start drilling exploration well
Hibiscus sees opportunities in volatile oil and gas market
Fajarbaru plans RM728m projects
Lower vehicle sales seen this year, first hlf down 3.3%
Kossan 'buy', AirAsia 'outperform' MPI 'add'
KL fringe to face office space glut
World's busiest airport also the best for checking e-mail and Facebook
Let’s do the Zumba
Big guns stay on course for Cup KL and Selangor just a match away from the final
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)