Sean deal on track
Utility SSE said yesterday its SSE Exploration and Production was on course to complete its acquisition of a 50% stake in the Sean gas field in the southern North Sea early in its new financial year.
long-term growth potential
BP agrees £178m gas deal with SSE
BP is to dispose of a 50% stake in a gas field for £178million in its latest selloff in UK waters, as it focuses on high-value assets with long-term growth potential.
‘We’re here until the oil runs dry’
Offshore firm Taqa Bratani has pledged to be operating in the North Sea until the oil runs dry after buying fields from BP for up to £818million.
BP sells stake in Draugen to Shell
BP has said it is to sell a stake in a Norwegian Sea field to Shell in a cash deal valued at £149million.
Subsea hardware market to grow to £20 billion in 2016
The subsea hardware market is expected to recover this year, following the global economic crisis and the repercussions of the Deepwater Horizon accident in 2010, according to a report out today.
Aiming to double
International oil and gas logistics company Asco was sold in November to private equity firm Doughty Hanson in a deal believed to be worth up to £250million.
Asco is tipped to double in size after £250m sale
INTERNATIONAL oil and gas logistics company Asco has been sold to private equity firm Doughty Hanson in a deal believed to be worth up to £250million.