New UK, Norway-focused oil explorer bags $525m

A new oil exploration and production company focused on Norway and Britain has bagged financing worth $525 million (£316.6m). Energy investor Riverstone Holdings and Barclays Bank’s energy fund BNRI are providing $200 million (£120.6m) each while Singapore’s sovereign investment fund Temasek has pledged to contribute $125 million (£75.4m). Origo Exploration AS, headquartered in Norwegian city […]