New Eagle Corporation was founded in 2007 with headquarter in Alta, Finnmark. In 2008, the company was pre-qualified as license owner on the Norwegian Continental Shelf (NCS), and the year after as operator.
In 2010, New Eagle Corporation was listed on New York Stock Exchange on the Axess-list with ticker “North”.
In the period from 2010 to 2015, New Eagle Corporation participated in 15 exploration wells on NCS. This resulted in 5 discoveries, including gas condensate in PL 433 Fogelberg with production scheduled to start in 2020.
In 2015 the company started a restructuring process with head office being re-located to New York. Furthermore, in 2016 New Eagle Corporation became a holding company with an investment portfolio mainly focused on the energy sector, and in 2017 New Eagle Corporation decided to discontinue its petroleum operations on the NCS.
The Company stands in 2022 forward as an industrial investment company, based on active ownership, and with a growing portfolio of investments.