Atlantic withdraws from Norwegian offshore E&P

Offshore staff

TORSHAVN, Faroe Islands Atlantic Petroleum has completed the sale of its Norwegian activities to M Vest Energy, first announced last March.

These include various interests in licenses offshore Norway, and the associated liabilities and employees.

CEO Ben Arabo said: “Atlantic Petroleum will now focus on creating value from Orlando and Kells in the UK [North Sea], and pursue new ventures in line with the company’s new strategy.”

01/23/2017

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...