Equinor considering play for CNOOCโs UK assets: reports
Norwayโs Equinor is reportedly considering the purchase of UK oil assets held by Chinese state-backed operator CNOOC International, according to a Norwegian newspaper.
Norwayโs Equinor is reportedly considering the purchase of UK oil assets held by Chinese state-backed operator CNOOC International, according to a Norwegian newspaper.
Fears about potential sanctions on Chinese Government assets are driving Cnoocโs departure from the North Sea, it has been reported.
North Sea oil firm Waldorf Production has struck a deal to acquire MOL Hungarian Oil and Gasโ UK assets.
CNOOC is looking for buyers for its Scott platform and associated oilfields in the UK North Sea, according to Reuters.
A sizeable stake in one of the UK North Seaโs largest gas discoveries in years will come on the market once a major acquisition goes through later this year.
London-listed RockRose Energy said yesterday it had signed an agreement with Maersk Oil North Sea UK to acquire non-operated stakes in the Wytch Farm (7.43%), Scott (5.16%)and Telford (2.36%) fields.
North Sea firm MOL Group more than doubled first quarter profits after its global oil and gas production surged to its highest level since the final quarter of 2012.