In recent days, attention from analysts and investors has been drawn to the announcement that French oil and gas company TotalEnergies SE $TTE has agreed to sell a 50% stake in its Polish biogas subsidiary, Polska Grupa Biogazowa. This deal will be executed with Norwegian investment firm HitecVision AS and is part of TotalEnergies' strategy to optimize its assets and enhance returns on investments in renewable energy sources.
Norway continues to attract attention from investors in the oil and gas sector, and the recent announcement of DNO ASA's acquisition of Dual Energy Group AS confirms this trend. The deal, valued at $450 million, was agreed upon with the investment firm HitecVision. This acquisition not only broadens DNO's influence in Norway but also significantly increases its production and reserve assets.