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  • The oil and gas supermajors are looking to sell assets that could fetch a total $27.5bn, according to Rystad Energys latest assessment. The companies are actively shedding mature assets on a massive scale in a bid to finance higher-yielding investments elsewhere, with the added benefit of pleasing ...

    • Availability: Online
    • Record type: News Item

  • Wood Group has completed its £2.2mn acquisition of Amec Foster Wheeler, following the sale of Amecs North Sea assets to Australian engineering group Worley Parsons. The UK Competition and Markets Authority had said it would only green light the acquisition if Amecs North Sea assets were sold to a ...

    • Availability: Online
    • Record type: News Item

  • BP and Oman Oil have signed a heads of agreement with the Omani government, committing to amend the Oman block 1 exploration and production sharing agreement, extending the licence area of the block and enabling further development of the Khazzan tight gas field. BP is the operator of block 61, with...

    • Availability: Online
    • Record type: News Item

  • Polands government is considering the merger of the nations biggest oil companies PKN Orlen, Grupa Lotos and PGNiG to avoid hostile takeovers, according to Treasury Minister Dawid Jackiewicz. Together these companies have a joint market capitalisation of $14.7bn reports Bloomberg. 

    • Availability: Online
    • Record type: News Item

  • Rosneft is to become the leader in the fuel retail market in the St Petersburg and Leningrad region, one of the biggest in the Russian Federation, following its acquisition of 100% of Petersburg Fuel Company (PFC), St Petersburgs leading independent fuel operator.The PFC network includes 141 servic...

    • Availability: Online
    • Record type: News Item

  • Rockhopper Exploration has completed its $11.9mn acquisition of Beach Petroleum (Egypt), which holds a 22% interest in the Abu Sennan concession and a 25% interest in the El Qaa Plain concession.

    • Availability: Online
    • Record type: News Item

  • Faroe Petroleum has clinched a deal to boost its oil production in the Norwegian North Sea while battling a hostile takeover bid from its largest shareholder. Faroe told shareholders that the asset swap arrangement with Norwegian major Equinor, formerly known as Statoil, would raise its oil producti...

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