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).
Pressure on currency war
Xiamen University Malaysia first phase to cost RM652mil
Minimal changes in foreign ownership of MGS
Tougher challenges seen for next AMMB chief
Dynamic and Stylish BMW X1
Healthy living in the heart of Ampang
UK Gmail users can now send cash by e-mail
Be disciplined, recruits told
Italy elects senior judge Sergio Mattarella as president
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)