|Bid||231.50 x 200100|
|Ask||238.00 x 50000|
|Day's Range||230.00 - 238.00|
|52 Week Range||54.00 - 379.50|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 13, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||360.00|
Norwegian Energy Company (Noreco) (NOR.OL) plans to acquire offshore assets on Britain's continental shelf in 2019, following its purchase of Shell's (RDSa.AS) upstream oil and gas licenses in Denmark, its chairman told Reuters on Thursday. The Oslo-listed company on Wednesday announced a $1.9 billion deal to acquire Shell's 36.8 percent stake in the Danish Underground Consortium (DUC), which accounts for 90 percent of Denmark's petroleum output. "I think we should be capable of doing something in the UK, hopefully in the first half of 2019, but definitely in 2019," Noreco Chairman Riulf Rustad told Reuters when asked if the company also planned to buy British assets.
Royal Dutch Shell (RDSa.AS) has agreed to sell its Danish upstream business to Norwegian Energy (Noreco)(NOR.OL) in a deal valuing the assets at $1.9 billion (£1.45 billion), as part of its wider divestment strategy, the company said on Wednesday. The sale brings Shell's three-year $30 billon divestment plan close to its conclusion, having begun the process in 2015 after the acquisition of BG Group. "Today's announcement is consistent with Shell's strategy to simplify its portfolio through a $30 billion divestment programme and contributes to our goal of reshaping the company into a world-class investment case," Shell's upstream director, Andy Brown, said in a statement.
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