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Norwegian Energy Company ASA (NOR.OL)

NOR.OL on Oslo Stock Exchange

285.00NOK
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Latest Key Developments (Source: Significant Developments)

Noreco Q3 EBITDA loss narrows to NOK ‍9​ million
Thursday, 16 Nov 2017 02:30am EST 

Nov 16 (Reuters) - NORWEGIAN ENERGY COMPANY ASA :Q3 REVENUE NOK 1‍​ MILLION VERSUS NOK 3 MILLION YEAR AGO.Q3 EBITDA LOSS NOK ‍9​ MILLION VERSUS LOSS NOK 20 MILLION YEAR AGO.  Full Article

Norwegian Energy Company Q2 EBITDA loss at NOK 16 million
Wednesday, 23 Aug 2017 03:09am EDT 

Aug 23 (Reuters) - NORWEGIAN ENERGY COMPANY ASA ::Q2 REVENUE NOK 4 ‍​ MILLION VERSUS NOK 2 MILLION YEAR AGO.Q2 EBITDA LOSS NOK ‍​ 16 MILLION VERSUS LOSS NOK 13 MILLION YEAR AGO.  Full Article

Noreco to seek damages from insurers over Siri platform
Thursday, 10 Aug 2017 05:32am EDT 

Aug 10 (Reuters) - Norwegian Energy Company Asa ::Says has initiated a legal action at a court in Hilleroed, Denmark, against 20 insurance companies for their refusal to cover damages to Siri platform in 2009.Says the company hasn't yet calculated its loss in terms of value as it awaits for judgment in the pending appeal of insurance case at the Danish Eastern High Court.Says due to the connection between the legal action for damages and the pending insurance court case it will be requested that the legal action for damages is suspended until ruling is made in the insurance court case.Noreco didn't name the insurance companies it has initiated the legal action against .  Full Article

Noreco Q1 EBITDA loss narrows to NOK 14 mln
Wednesday, 24 May 2017 03:09am EDT 

May 24 (Reuters) - NORWEGIAN ENERGY COMPANY ASA ::NORECO ANNOUNCES FIRST QUARTER 2017 RESULTS.Q1 EBITDA LOSS NOK 14 MILLION VERSUS LOSS NOK 16 MILLION YEAR AGO.Q1 NET LOSS FOR THE PERIOD CONTINUED OPERATION NOK 26 MILLION VERSUS LOSS NOK 22 MILLION YEAR AGO.  Full Article

Norwegian Energy Company: CEO Silje Augustson to step down
Wednesday, 3 May 2017 02:34am EDT 

May 3 (Reuters) - NORWEGIAN ENERGY COMPANY ASA :SILJE AUGUSTSON HAS CHOSEN TO STEP OUT OF DAY-TO-DAY CEO ROLE SHE HAS HELD THROUGH RESTRUCTURING PHASE COMPANY HAS BEEN THROUGH OVER PAST FEW YEARS.SILJE AUGUSTSON IS PROPOSED TO STEP BACK ONTO BOARD OF NORECO ASA, ON 24 MAY 2017.  Full Article

Norwegian Energy Company: Second appeal on SIRI Insurance Claims
Monday, 27 Feb 2017 02:30am EST 

Norwegian Energy Company ASA : Second appeal on the SIRI Insurance Claims .Eastern High Court received an appeal from counterparties in relation to SIRI Insurance Claims court case.  Full Article

Norwegian Energy Company: court dismisses appeal in the SIRI Insurance Claims case
Friday, 17 Feb 2017 07:29am EST 

Norwegian Energy Company ASA :Supreme court has dismissed appeal regarding the SIRI Insurance Claims court case and counterparty now has two weeks to appeal to Eastern High Court.  Full Article

Norwegian Energy Company: Court ruling on SIRI insurance claims
Thursday, 15 Dec 2016 10:30am EST 

Norwegian Energy Company ASA : Court ruling on the SIRI insurance claims . Says is entitled to about $270 million . Favourable ruling on SIRI insurance claims has been received from Maritime and Commercial High Court in Copenhagen . Resulting net amount (after tax) is therefore not yet ascertained .Total damages ruled in favour of claimants (NORECO and its partners) amount to about $470 million, including interest.  Full Article

Noreco announces NOR06 repayment of NOK 18 million
Friday, 23 Sep 2016 10:30am EDT 

Norwegian Energy Company ASA : Noreco Norway announces making repayment to NOR06 . Defined cash payments will be made pro-rata to NOR06 bondholders Sept 30, 2016 .Says sale of Noreco Norway's exploration activities to Det norske oljeselskap earlier this year and NOR06 repayments were approved at bondholder meeting held on March 16, 2016.  Full Article

Norwegian Energy Company Q2 EBITDA turns to loss NOK 13 million
Wednesday, 31 Aug 2016 02:36am EDT 

Norwegian Energy Company ASA : Q2 revenue 2 million Norwegian crowns ($239,917) versus 9 million crowns year ago . Q2 EBITDA loss 13 million crowns versus profit 6 million crowns year ago .Says has now completed financial and corporate restructuring and rationalised its cost base and is in solid financial position and well placed to pursue SIRI insurance claims and maximise remaining values in all three jurisdictions it operates.  Full Article