Key Developments: Det Norske Oljeselskap ASA (DETNOR.OL)

DETNOR.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

North Energy sells interest in PL 722 in Barents Sea to Det norske oljeselskap
Monday, 24 Aug 2015 07:09am EDT 

North Energy ASA:Sells interest in PL 722 in the Barents Sea.Det norske oljeselskap ASA will acquire North Energy's 10 pct interest in production licence 722.The effective date of the agreement has been set as Jan. 1, 2015, and it is conditional on the approval of the Norwegian authorities.  Full Article

Det Norske Oljeselskap appeals Sverdrup ownership; maintains production guidance-Reuters
Wednesday, 15 Jul 2015 01:19am EDT 

Det Norske Oljeselskap ASA:Reiterated its 2015 production forecast of between 58,000 and 63,000 barrels of oil equivalent per day-Reuters.Ministry of Petroleum and Energy (MPE) decided on a split of ownership in the giant Johan Sverdrup field earlier in July, giving Det norske a smaller stake than in the original proposal.Has decided to appeal the decision made by the MPE.  Full Article

Det Norske Oljeselskap ASA increases borrowing base by $250 million
Wednesday, 1 Jul 2015 02:23am EDT 

Det Norske Oljeselskap ASA:Says revolving credit facility (RCF) has been increased by $50 million to USD $550 million.Apart from the increase in the facility size, terms are as presented in the company's Q1 2015 report.  Full Article

Det Norske Oljeselskap completes new issue of $300 mln subordinated bond
Wednesday, 13 May 2015 02:00am EDT 

Det Norske Oljeselskap ASA:Has successfully completed a new issue of $300 million subordinated seven-year PIK Toggle bonds with a fixed rate coupon of 10.25 pct.The bonds are callable from year 4 and includes an option to defer interest payments.The bond issue was significantly oversubscribed.  Full Article

Det Norske Oljeselskap seeks $300 mln subordinated bond issue
Wednesday, 6 May 2015 01:01am EDT 

Det Norske Oljeselskap ASA:Says has mandated DNB Markets, Nordea Markets, Pareto Securities, SEB and Swedbank Norway to arrange a $300 million subordinated bond issue.  Full Article

Det Norske Oljeselskap ASA requests amendments to bond agreement
Wednesday, 18 Mar 2015 03:58am EDT 

Det Norske Oljeselskap ASA:Summoned to a bondholders' meeting in DETNOR02 bond loan to request certain amendments to bond agreement.Bondholders are offered a one-time consent fee of 1.00 percent of the face value of the bonds, increased coupon by 1.50 percent per annum to 3-month NIBOR plus 6.50 percent per annum.Bondholders are also offered a one-off option for each bondholder to sell all bonds back to Det norske at 101 percent of par plus accrued interest.It has obtained an unsecured 1.9 billion Norwegian crowns revolving credit facility from Nordea.  Full Article

Det Norske Oljeselskap ASA maintains FY 2015 production and capex outlook
Tuesday, 17 Mar 2015 03:24am EDT 

Det Norske Oljeselskap ASA:Reiterates FY 2015 guidance for production of between 58,000 and 63,000 barrels of oil equivalent per day (mboepd) and capital expenditures in a range of $900 million to $1 billion.  Full Article

Det Norske Oljeselskap ASA starts up Boeyla oil field in North Sea - Reuters
Monday, 19 Jan 2015 04:00am EST 

Det Norske Oljeselskap ASA:Has started up its Boeyla oil field in the North Sea, expecting to recover 23 million barrels of oil equivalents after a 5 billion crown investment - Reuters.The field, produced through subsea equipment and tied to the Alvheim floating production, storage and offloading unit, will produce over 20,000 barrels of oil equivalents at its peak, the firm said.Det norske operates Boeyla and holds 65 percent of the licence. Other shareholders include Core Energy (20 percent) and Lundin Petroleum (15 percent).  Full Article

Det Norske Oljeselskap ASA enters the OBX index
Thursday, 11 Dec 2014 02:05am EST 

Det Norske Oljeselskap ASA:Enters the OBX index from and including Dec. 19.The new constitution is valid for the first half year of FY 2015.The OBX index include Oslo Boers' 25 most traded shares.  Full Article

Det Norske Oljeselskap ASA drills dry well in Northern Sea
Tuesday, 9 Sep 2014 02:30am EDT 

Det Norske Oljeselskap ASA:Says has completed drilling of a wildcat well 2/9-5 S.Says the well is dry.  Full Article

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