Investment director charged with insider trading in Noreco

The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime has charged a director for so-called frontrunning in the Norwegian oil company.

BY MAZ PLECHINGER

Published: 21.12.16 at 09:25

Noreco sold its last physical asset Monday night, namely the ownership stake in the British Huntington field. This does not mean, however, that the Norwegian oil company is ready to shut its doors and throw away the key, because Noreco still has a large compensation claim related to the company's sale of its stake in the Danish Siri field to Dong in 2013. Now, a new compensation case has been opened this Tuesday, which indirectly involves the oil company.

Noreco nears liquidation: Sells last major asset

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European Energy makes further purchase into PtX value chain

With the acquisition of a majority stake in Ammongas, which provides solutions for extracting CO₂ from biogas facilities, European Energy will expand strategy to make PtX from cradle to reincarnation. A great company, states CEO.

Danish government to ban routine flaring by next summer

Snart bliver det ulovligt at futte gas af kontinuerligt, hvis der ikke er tungtvejende sikkerhedsgrunde til at gøre det. | Foto: Finn Frandsen

By next summer, flaring of excess gas will no longer be permitted in the Danish part of the North Sea unless strictly necessary for the safety of employees. The government’s ban on routine flaring comes in the wake of EnergyWatch’s coverage of the issue.