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KKR to Acquire Norway-based Ocean Yield in €689m Deal

Category: Business News

Global investment firm KKR is investing about NOK7.2bn (€688.6m) to buy Ocean Yield, a Norway-based ship owning company with investments in vessels on long-term charters. Octopus Bidco, a company owned by KKR funds, is offering the Oslo Stock Exchange-listed owner’s shareholders NOK41 for each share. The amount per share being offered represents a premium of […]

Source: IPE Real Assets


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Norway 2021 Licensing Round Attracts Bids From 31 Oil Firms

Category: Business News

OSLO, Sept 15 (Reuters) – A total of 31 oil companies have submitted bids for exploration acreage offshore Norway in a so-called predefined areas (APA) licensing round, the country’s energy ministry said on Wednesday. Read full article.

Source: Reuters


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Norway’s Center-left Labour Begins Coalition Talks as Anti-oil Greens Sidelined

Category: Business News

(CNN)Norway’s main opposition Labour Party is beginning coalition talks to form a government Tuesday after the ruling Conservatives lost their command in parliamentary elections and the anti-oil Greens failed to win enough seats to become the potential kingmaker.   Labour is likely to form an alliance with the country’s Center Party and the Socialist Left […]

Source: CNN


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World’s Biggest Wealth Fund Steps Up ESG Focus in Real Estate

Category: Business News

(Bloomberg) — The sovereign wealth fund of Norway says it’s working on a strategy update to ensure its $30 billion property portfolio lives up to the carbon neutrality goals mapped out in the Paris Agreement. “It’s time to walk the talk more,” said Mie Holstad, who oversees real assets at Norges Bank Investment Management. “What […]

Source: Bloomberg


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DNV’s Energy Transition Outlook 2021 Offers an Independent View of Oil and Gas Through 2050

Category: Business News

This week DNV made a live presentation of their Energy Transition Outlook 2021. This offered a forecast of things to come from an independent and reliable company. Oil and gas readers can get a better feel for the global role of government policy, the rate of changeover from fossil power plants to renewables, future oil […]

Source: Forbes


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