Noreco

Gulf Coast Sequestration Appoints Industry Veteran David Cook as CEO; W. Gray Stream Named Executive Chairman

Retrieved on: 
Wednesday, October 11, 2023
Other Energy, Environment, Oil, Gas, Sustainability, Green Technology, Energy, Environmental Health, Multimedia, INEOS, Gulf, Michigan State University, Carbon, Environmental Protection Agency (Ghana), Chair, Doctor of Philosophy, Conservation, Nature, Vaalco Energy, GCS, Head, LDNR, Geology, Gulf Coast of the United States, Executive, United States Environmental Protection Agency, BP, Louisiana Department of Public Safety & Corrections, Management, Noreco

Gulf Coast Sequestration (GCS), a pioneering company building a secure, world-scale carbon sequestration hub on the Gulf Coast, today announced David “Dave” Cook as Chief Executive Officer, effective immediately.

Key Points: 
  • Gulf Coast Sequestration (GCS), a pioneering company building a secure, world-scale carbon sequestration hub on the Gulf Coast, today announced David “Dave” Cook as Chief Executive Officer, effective immediately.
  • W. Gray Stream, founder of GCS, will assume the role of Executive Chairman.
  • Completing the leadership team, Benjamin Heard will serve as Chief Strategy Officer, while Scott Stepp is Chief Financial Officer.
  • View the full release here: https://www.businesswire.com/news/home/20231011785806/en/
    “Dave brings extensive experience in our industry and an unmatched track record of performance delivery, organizational leadership, business transformation, and strategy execution,” said Stream.

Appointment of Non-Executive Director

Retrieved on: 
Monday, July 3, 2023
University of California, Berkeley, LR, Energy, Gulf Keystone Petroleum, Political science, Grenoble Institute of Political Studies, Partner, UC, Kurdistan Region, Management, Noreco

Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, is pleased to announce the appointment of Julien Balkany as a non-independent Non-Executive Director representing funds managed by Lansdowne Partners Austria GmbH with effect from 3 July 2023.

Key Points: 
  • Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, is pleased to announce the appointment of Julien Balkany as a non-independent Non-Executive Director representing funds managed by Lansdowne Partners Austria GmbH with effect from 3 July 2023.
  • Julien Balkany has extensive experience as an investor and board member in the international oil & gas industry.
  • He has also been Non-Executive Director of several other private and publicly listed oil & gas companies including Norwegian Energy Company (Noreco), Gasfrac Energy Services, Toreador Resources, and Amromco Energy.
  • "We are pleased to welcome Julien to the Board of Gulf Keystone Petroleum as a non-independent Non-Executive Director representing funds managed by Lansdowne Partners Austria GmbH.

Strategic Partnership with Semco Maritime and Participation in Mini-Round of Licencing in Danish Gas Field

Retrieved on: 
Wednesday, April 12, 2023
ASA, Climate, Partnership, Policy, Energy, Noreco, Coal, Natural gas, Renewable energy, EU, LNG

OSLO, Norway, April 12, 2023 /PRNewswire/ -- Norwegian Energy Company ASA, to be renamed BlueNord ASA ("BlueNord" or the "Company"), is pleased to announce it has entered into a strategic partnership with Semco Maritime A/S ("Semco Maritime").

Key Points: 
  • OSLO, Norway, April 12, 2023 /PRNewswire/ -- Norwegian Energy Company ASA, to be renamed BlueNord ASA ("BlueNord" or the "Company"), is pleased to announce it has entered into a strategic partnership with Semco Maritime A/S ("Semco Maritime").
  • The strategic partnership agreement with Semco Maritime will allow the two companies to jointly identify, explore and investigate opportunities in the oil and gas space.
  • BlueNord is also proud to announce the submission of a license application in the Elly-Luke area of the Danish North Sea, and its participation in a so-called mini-round.
  • This application aligns with BlueNord's approach of considering opportunities to maximize shareholder value as part of its robust capital allocation process.

Noreco - Change of Name to BlueNord ASA

Retrieved on: 
Wednesday, March 29, 2023
ASA, AGM, Energy, Investment, Energy security, Renewable energy, Noreco

OSLO, Norway, March 29, 2023 /PRNewswire/ -- Norwegian Energy Company ASA's ("Noreco" or "the Company") board of directors is pleased to announce a rebranding and contemplated change of name from Norwegian Energy Company ASA to BlueNord ASA.

Key Points: 
  • OSLO, Norway, March 29, 2023 /PRNewswire/ -- Norwegian Energy Company ASA's ("Noreco" or "the Company") board of directors is pleased to announce a rebranding and contemplated change of name from Norwegian Energy Company ASA to BlueNord ASA.
  • The notice for AGM is expected to be announced later today and the change of company name will take effect following, and subject to, approval by the AGM.
  • "We are today facing the future as a forward-leaning and strong company, which will be named BlueNord.
  • "It is my pleasure to introduce you today to BlueNord, the proposed new name for Noreco.

Noreco: Successful Milestone on the Hook-Up and Commissioning of Tyra II

Retrieved on: 
Friday, December 23, 2022
Weather, Energy, TEG, Renewable energy, Prefabrication, Noreco

OSLO, Norway, Dec. 23, 2022 /PRNewswire/ -- Norwegian Energy Company ASA ("Noreco" or the "Company") is pleased to announce that it has reached a milestone on the hook-up and commissioning campaign of Tyra II with the crane on the process module (the "TEG") now in permanent use.

Key Points: 
  • OSLO, Norway, Dec. 23, 2022 /PRNewswire/ -- Norwegian Energy Company ASA ("Noreco" or the "Company") is pleased to announce that it has reached a milestone on the hook-up and commissioning campaign of Tyra II with the crane on the process module (the "TEG") now in permanent use.
  • The milestone was planned for early Q1 2023 and is as such achieved ahead of schedule despite the challenging weather conditions earlier this month.
  • The TEG crane is important for the project as it enables an efficient completion of the remaining scope of the hook-up, commissioning and start-up of Tyra II.

Noreco Takes FID on Two Halfdan Infill Wells to Increase Gas Production From 2023

Retrieved on: 
Friday, December 2, 2022
TTF, DUC, FID, Brent, IRR, Energy, Security (finance), Disclosure, Oil, Noreco

The two wells will be drilled at the Tor reservoir in the Halfdan North East area, located in the central part of the Danish North Sea.

Key Points: 
  • The two wells will be drilled at the Tor reservoir in the Halfdan North East area, located in the central part of the Danish North Sea.
  • Both the wells are expected to increase gas production from the Halfdan field, with plateau production expected during autumn 2023.
  • The first well alone is expected to have an initial production rate of 3 mboe/day net to Noreco where approximately 75% is gas.
  • The expected gain from the infill wells is approximately 2.9mmboe net to Noreco, of which c. 50% is gas.

Tyra II: Successful Completion of Final Offshore Lifting Campaign

Retrieved on: 
Monday, October 10, 2022
Heerema Marine Contractors, Tyra, Time, DUC, TEG, Weather, Welding, Energy, Prefabrication, Noreco

OSLO, Norway, Oct. 10, 2022 /PRNewswire/ -- Norwegian Energy Company ASA ("Noreco" or the "Company") is pleased to announce that the final offshore lifting campaign of the Tyra Redevelopment project was successfully completed at 17:04 local time on Sunday 9 October 2022.

Key Points: 
  • OSLO, Norway, Oct. 10, 2022 /PRNewswire/ -- Norwegian Energy Company ASA ("Noreco" or the "Company") is pleased to announce that the final offshore lifting campaign of the Tyra Redevelopment project was successfully completed at 17:04 local time on Sunday 9 October 2022.
  • Following the lift and installation of the process module (the "TEG") on 4 October, Heerema Marine Contractors' Sleipnir has lifted in place the two remaining bridges and flare tower and as such all major offshore lifts for Tyra II are completed.
  • "We are proud to announce that the final offshore lifts of Tyra II have been safely completed, ahead of time.
  • During times when energy security is critical, the importance of Tyra II cannot be overstated.

Tyra II: Successful Lift of Process Module

Retrieved on: 
Tuesday, October 4, 2022
Energy, TEG, DUC, Heerema Marine Contractors, Sleipnir, Lifting, Natural gas, Tyra, Prefabrication, Noreco

OSLO, Norway, Oct. 4, 2022 /PRNewswire/ -- Norwegian Energy Company ASA ("Noreco" or the "Company") is pleased to announce the successful offshore lift and of the Tyra II process module (the "TEG") at 08:27local time this morning.

Key Points: 
  • OSLO, Norway, Oct. 4, 2022 /PRNewswire/ -- Norwegian Energy Company ASA ("Noreco" or the "Company") is pleased to announce the successful offshore lift and of the Tyra II process module (the "TEG") at 08:27local time this morning.
  • The 17,000 metric tons process module was safely lifted onto the waiting jackets and installed by Heerema Marine Contractors' Sleipnir the world's largest crane vessel.
  • Following the successful lift, all eight platforms are now in their final position, and Tyra II is several steps closer to producing valuable natural gas for decades.
  • "We are proud to announce the final major offshore lift and installation which marks important progress of the Tyra Redevelopment project.

Noreco to Present at Pareto Securities' 29th Annual Energy Conference

Retrieved on: 
Wednesday, September 14, 2022
Energy, Conference, Company, Pareto, CEST, Video game, Risk management, Noreco

https://news.cision.com/noreco/r/noreco-to-present-at-pareto-securities-...

Key Points: 
  • OSLO, Norway, Sept. 14, 2022 /PRNewswire/ -- Norwegian Energy Company ASA ("Noreco" or the "Company") will today at 15:00 CEST present at Pareto Securities' 29th Annual Energy Conference in Oslo.
  • The company presentation is attached and will also be made available at the Company's website: www.noreco.com .

Noreco: Third Quarter 2022 Trading Update

Retrieved on: 
Tuesday, September 6, 2022
ESG, Security (finance), Forward-looking statement, EU, Disclosure, HCA, Review, Gorm, Company, Efficiency, DUC, Risk management, Audit, Noreco

"The success of the HCA restimulation campaign demonstrates the potential of our existing production base, where increased operational activity is delivering material results.

Key Points: 
  • "The success of the HCA restimulation campaign demonstrates the potential of our existing production base, where increased operational activity is delivering material results.
  • This positive outcome has enabled us to increase our production guidance for the second time during 2022.
  • The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions.
  • The Company undertakes no obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.