China signaled its openness for business with a raft of deals that’ll give oil majors including Royal Dutch Shell Plc new opportunities to develop fields in partnership with the nation’s biggest offshore explorer.
Santos Energy has appointed Roc Oil’s chief executive as its new chief financial officer (CFO).
SapuraKencana Petroleum has won engineering and construction contracts including a number of extensions in a deal worth $72million. The company said it had been awarded a contract by Roc Oil to provide engineering, procurement, construction and commissioning for production and drilling on a platform in the D35 field offshore Sarawak.
Independent exploration company Faroe Petroleum has acquired interests in North Sea assets from Roc Oil in a deal worth up to $20million.
An off-market takeover bid for Roc Oil by Fosun has now closed. Billionaire Guo Guangchang’s Fosun International agreed to acquire Roc Oil for $441million in cash, giving the Chinese group assets stretching from Australia to Malaysia.
The chairman of Roc Oil has resigned from its board, the company has announced. Mike Harding will be replaced by Bin Zhao, the president of Fosun Energy. It follows a number of changes to the board after a $441million takeover of Roc Oil by Fosun.