M&A Deal Summary

Noreco Acquires Shell Olie-Og Gasudvinding Denmark Pipelines ApS

On October 17, 2018, Noreco acquired oil/gas exploration company Shell Olie-Og Gasudvinding Denmark Pipelines ApS from Shell

Acquisition Highlights
  • This is Noreco’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Noreco’s 2nd transaction in Denmark.

M&A Deal Summary

Date 2018-10-17
Target Shell Olie-Og Gasudvinding Denmark Pipelines ApS
Sector Oil/Gas Exploration
Buyer(s) Noreco
Sellers(s) Shell
Deal Type Divestiture

Target

Shell Olie-Og Gasudvinding Denmark Pipelines ApS

Denmark
Shell Olie-Og Gasudvinding Denmark Pipelines ApS is a provider of an oil and gas exploration services in Denmark.

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Buyer(S) 1

Buyer

Noreco

Stavanger, Norway

Category Company
Founded 2005
Sector Oil/Gas Exploration
DESCRIPTION

Norwegian Energy Company ASA is an independent oil and gas company with activities in Norway, Denmark and the United Kingdom. Noreco’s main focus is to explore for oil and gas, and the company is among the largest holders of exploration licenses in Norway.In addition, the company has ownership in eight producing oil fields and more than a dozen oil and gas discoveries.


DEAL STATS #
Overall 3 of 3
Sector: Oil/Gas Exploration M&A 3 of 3
Type: Divestiture M&A Deals 1 of 1
Country: Denmark M&A 2 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-23 Altinex ASA

Stavanger, Norway

Altinex ASA engages in exploration and production of oil and gas with interests in the North Sea area.

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Seller(S) 1

SELLER

Shell

London, United Kingdom

Category Company
Founded 1907
Sector Oil/Gas Exploration
Employees96,000
Revenue 284.3B USD (2024)
DESCRIPTION

Shell is an Anglo–Dutch multinational oil and gas company. Shell was founded in 1907 and is based in London, United Kingdom.


DEAL STATS #
Overall 12 of 19
Sector: Oil/Gas Exploration M&A 7 of 13
Type: Divestiture M&A Deals 12 of 19
Country: Denmark M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-15 Silicon Ranch

Nashville, Tennessee, United States

Silicon Ranch Corp. is a U.S. developer, owner, and operator of solar energy plants. Silicon Ranch develops to own all of its projects for the long-term and brings the economic, environmental, and community benefits of commercial and utility-scale solar energy together in a full-service model that requires no capital investment from its stakeholders. The company's operating portfolio includes more than 100 facilities across 14 states from New York to California, including the first large-scale solar projects in Tennessee, Georgia, Arkansas, and Mississippi.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-30 Greenlots

Los Angeles, California, United States

Greenlots is powering the future of electric transportation with industry-leading software and services that equip drivers, site hosts, and network operators to efficiently deploy, manage, and leverage EV charging infrastructure at scale. Our technology brings together cutting-edge network management software, integrated charging optimization, grid balancing services, and a driver-friendly mobile app – all in a single platform. Committed to advancing the promise of electrified transportation, Greenlots delivers new mobility infrastructure solutions designed to connect people to their destinations in a safer, cleaner and smarter way.

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