BlueNord ASA 2018 AR2
The report highlights Norwegian Energy Company ASA's (Noreco) significant strategic milestone in 2018 with the announced acquisition of Shell's Danish upstream assets, making it the second largest oil and gas producer in Denmark. This transaction grants Noreco a 36.8% non-operated interest in the Danish Underground Consortium (DUC). Financially, the company agreed on a new capital structure, including a USD 352 million private placement and a Reserve Based Lending Facility of up to USD 900 million. Noreco also resolved its Siri Insurance Claims, receiving over USD 6 million after adjustments. The company maintained its commitment to corporate social responsibility, emphasizing professional ethics, equal opportunities, and environmental protection.
Company: BlueNord ASA
Sector: Mining & quarrying
Country: Norway
Year: 2018
Type: AR2
Pages: 91
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BlueNord ASA
Annual Report
The report highlights Norwegian Energy Company ASA's (Noreco) significant strategic milestone in 2018 with the announced acquisition of Shell's Danish upstream assets, making it the second largest oil and gas producer in Denmark. This transaction grants Noreco a 36.8% non-operated interest in the Danish Underground Consortium (DUC). Financially, the company agreed on a new capital structure, including a USD 352 million private placement and a Reserve Based Lending Facility of up to USD 900 million. Noreco also resolved its Siri Insurance Claims, receiving over USD 6 million after adjustments. The company maintained its commitment to corporate social responsibility, emphasizing professional ethics, equal opportunities, and environmental protection.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Assurance
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Workplace Fatalities
Employees