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Lundin Energy AB

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About

Lundin Energy has grown from an oil and gas exploration company into an experienced Nordic energy developer and operator. The company continues to explore new ideas, new concepts and new solutions to maintain our position as an industry leader in production efficiency, sustainability and decarbonization.

Editor's note: Updated Oct. 7, 2020.

Transactions

Report Date Amount (MM) Description
2021-12-21 $13,900.00

Aker BP, Lundin Energy to Merge in $14 Billion Deal

Aker BP, Lundin Energy to Merge in $14 Billion Deal

Report Date Amount (MM) Description
2020-10-05 $125.00

Lundin Energy Doubles Down on Arctic Oil with Idemitsu Deal

Lundin Energy Doubles Down on Arctic Oil with Idemitsu Deal

Report Date Amount (MM) Description
2019-07-07 $1,560.00

Equinor To Sell 16% Shares It Holds In Lundin Petroleum For About $1.56 Billion

Equinor To Sell 16% Shares It Holds In Lundin Petroleum For About $1.56 Billion

Report Date Amount (MM) Description
2019-01-28 $45.00

Lundin Petroleum Boosts Utsira High Position In Norwegian Continental Shelf

Lundin Petroleum Boosts Utsira High Position In Norwegian Continental Shelf

Report Date Amount (MM) Description
2019-01-28 $45.00

Lundin Petroleum Boosts Utsira High Position In Norwegian Continental Shelf

Lundin Petroleum Boosts Utsira High Position In Norwegian Continental Shelf

Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
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Report Date Amount (MM) Description
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Report Date Amount (MM) Description
2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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Locked Data

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New Financings

Report Date Type Amount (MM) Description
2013-06-04 Lundin Petroleum AB - 2013-06-04 Buyback --

Plans to repurchase shares on the Nasdaq OMX Stockholm Exchange or Toronto Stock Exchange. The purpose is…

2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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Locked Data

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Instantly unlock over 15 years of A&D transactions and financing data.

News

Lundin Energy Aims to Become Renewable Leader via M&A

Norway’s Aker BP last year struck a deal to buy Lundin’s oil and gas business in a $14 billion cash and stock transaction, leaving the Stockholm-listed company with only renewable assets.

Aker BP, Lundin Energy to Merge in $14 Billion Deal

“The proposed combination has strategic, and value accretive benefits and the combined company will be characterized by increased scale, world-class quality, and high returns,” Aker BP and Lundin said in a joint statement.

Lundin Energy Reportedly Considering Sale or Merger

Responding to what it called market rumors, Lundin Energy said it “continuously engages” in opportunities and discussions that could be of value to its owners.

Sweden Charges Lundin Energy Executives for Complicity in Sudan War Crimes

Prosecutors said Lundin Energy had asked the Sudanese government to secure a potential oil field, knowing this would mean seizing the area by force.

Oil Execs Refute Greenwashing in Push to Produce Cleaner Barrels

Partnerships, eliminating routine flaring and electrification among other technologies can help companies move closer to goals, executives from Laredo Petroleum, Lundin and Cenovus say.

Lundin Energy Sees First Oil from Rolvsnes Field

Lundin Energy AB has seen first oil from the Extended Well Test (EWT) at the operated Rolvsnes field, the first subsea tie back development for the Edvard Grieg platform, the company said on Aug. 10.

Norway’s Sverdrup Oil Field to Boost Output in May

Lundin’s production in the first quarter rose 20% from a year ago to 182,900 boe/d.

Energy Firm Claims Sale of World’s First ‘Carbon Neutral’ Oil

The announcement is part of an emerging trend among oil and gas companies looking to differentiate their products as cleaner in response to increasing pressure demanding action on climate change.

Clean Crude? Oil Producers Use Offsets to Claim Green Barrels

Oil and gas companies worldwide are increasingly trying to market their products as cleaner, including by buying credits, powering drilling operations with renewable power and investing in technology to capture and store emissions.

Carbon Tax Vital in Energy Transition, Oil Execs Say

While a carbon tax may drive certain desired behaviors during the energy transition, there is no one solution to the world’s emissions woes, oil industry executives say.

Lundin Energy Sees Sverdrup Production Capacity Growing Further

Sweden's Lundin Energy, a partner in Norway's giant Johan Sverdrup oil field, said on March 18 it expected the field's production capacity and its reserve estimates to grow in the future.

Lundin Energy Drills Dry Well in Barents Sea

Lundin Energy Norway AS has completed exploration well 7221/4-1, targeting the Polmak prospect in licences PL609 and PL1027, in the southern Barents Sea on Nov. 16. The well was dry.

Lundin Energy Doubles Down on Arctic Oil with Idemitsu Deal

Sweden’s Lundin Energy will buy stakes in several oil discoveries in the Barents Sea from Japan’s Idemitsu in a $125 million deal, Lundin said Oct. 5.

Norway Gets Applications from 33 Oil Firms to Explore ‘Mature’ Areas

The Norwegian oil and energy ministry has received applications from 33 companies for oil and gas licenses in so-called mature offshore areas, it said on Sept. 25.

E&P: July 2020 International Drilling Activity Highlights

Check out the latest oil and gas drilling activity highlights from around the world featured in the July issue of E&P including two significant oil discoveries offshore Mexico and Chesapeake Energy Marcellus Shale completions in Pennsylvania’s Susquehanna County.