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 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.
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 has said it is to sell a stake in a Norwegian Sea field to Shell in a cash deal valued at £149million.
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.
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.
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.