Noreco ready to invest in Denmark's North Sea

Noreco has received approval to buy Shell's Danish North Sea holdings and has announced that it is ready to invest in the region, which has otherwise gone through declining activity in recent years.

Photo: Noreco

Following the purchase of Shell's stake in the Danish continental shelf, Norway's Noreco announces its readiness to invest in the region, which has long gone through declining activity, Noreco Chair Riulf Rustad tells EnergyWatch's sister media ShippingWatch, after Denmark's energy regulator approved the deal worth USD 1.9 billion.

"We are highly confident in the Danish continental shelf. We think the Danish shelf has generally suffered from a lack of investment interest, and we would like to represent something else. We want to develop the Danish shelf and be a part of creating that development," Rustad says.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

CIP hires Dutch profile

Current CFO at TenneT Otto Jager will join CIP as partner, with a primary focus on flagship funds.

Further reading

Related articles

Latest News

See all jobs