Norwegian Energy Company ASA ( (GB:0HTF) ) has issued an announcement.
BlueNord ASA has announced that the Tyra Redevelopment Project (Tyra II) has achieved a significant milestone by surpassing the required gas export rate, which will enable the company to commence shareholder distributions. The project is expected to meet its 30-day average requirement by mid-March, and the operator, TotalEnergies, has confirmed that the production level aligns with its targets, projecting a substantial annual gas supply. This development is crucial for BlueNord’s operational progress and market positioning.
More about Norwegian Energy Company ASA
BlueNord ASA is a strategically important European oil and gas company specializing in producing and developing energy resources, with a focus on supporting the energy transition. The company holds a 36.8 percent interest in the Danish Underground Consortium, which manages oil and gas production in the Danish North Sea. BlueNord is publicly traded on the Oslo Stock Exchange under the ticker ‘BNOR’.
YTD Price Performance: 2.37%
Average Trading Volume: 858
Technical Sentiment Consensus Rating: Sell
Current Market Cap: NOK17.73B
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