Exclusive: Lloyds to seal raft of Norway energy deals

Hand shake

Lloyds has taken its "tried and tested" reserved lending practices over to Norway, where it aims to seal at least four energy financing deals with domestic E&P companies by the end of the year.

"Over the last year we have targeted Norway as the next major place to adopt reserve-based lending," says Alastair Lowe, director of oil & gas at Lloyds Banking. "E&P companies over there have not solely used this type of financing before, but they are now chomping at the bit. It's a surprise that no-one