Sign up for email updates

To ensure you're always up to date on the latest news and guidance in the Offshore Energies industry sign up.

Email updates
Member News08th Jan 2019

ONE, Dyas agree upstream merger

Oranje-Nassau Energie (ONE) and SHV Holdings have reached an agreement on the merger of their upstream energy businesses, forming a combined entity called ONE-Dyas.

ONE-Dyas will be a prominent, North Sea-focused independent operator, the companies said, with 2019 gas and oil production of some 35,000 boe per day. ONE’s parent company, ONH, will own 51% of the shares in ONE-Dyas and SHV 49%. The merging of activities is subject to regulatory approval, with the transaction expected to be completed during the first half of 2019. Read more…