Deals
Norway Oil Producers Seek More Deals After $2 Billion Flurry
- Det Norske scouting market after two recent acquisitions
- Buyers, sellers coming closer 1 1/2 years into downturn
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More than a year after oil prices started their biggest descent since the financial crisis, sellers and buyers of oil and gas assets in Norway are finally starting to see eye to eye.
After a flurry of deals totaling $2 billion over the past month, including billionaire Mikhail Fridman’s acquisition of EON SE’s Norwegian oil unit, producers such as Det Norske Oljeselskap ASA, Centrica Plc, OMV AG and Wintershall AG are all looking to make deals as others seek to offload assets to survive crude’s collapse.