Offshore Fields News Today

Commodity futures news: Europe Oil & Gas Pipeline Market Future Scope, Opportunities with Strategic Growth and Top Players, updated 2022-01-18 12:06:41. Watch for more news articles, provided throughout the day courtesy of TradingCharts

Oil and gas producer Cairn Energy is shifting its focus to a growth portfolio onshore Egypt from declining offshore fields in the British North Sea in a flurry of deals worth around $1.5 billion which it announced on Tuesday. Cairn, in partnership with Ceiron, agreed to buy onshore fields in Egypt's Western Desert from Royal Dutch Shell for up to $926 million and sell its stakes in British fields Catcher and Kraken to private firm Waldorf Production for $460 million. "We're tran...