Norwegian Producers Boost 2021 Capex Plans
Feb 17, 2021 9:55:am
Summary Spending is still expected to fall from the level last year, however, and a bigger decline is predicted in 2022.
by: Joe Murphy
Norwegian oil and gas producers have raised their capital expenditure plans for 2021 to Nkr 173.6bn ($20.5bn) this year, according to a survey published by .
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Neo in Exclusive Talks for ExxonMobil UK Assets
Neo Energy, backed by Norwegian private equity group Hitecvision, is in exclusive negotiations to buy ExxonMobil s upstream operations in the central and northern UK North Sea, the company said on January 21.
Neo said that if successful, the talks will result in a sales agreement being signed in the first quarter, with the deal s closure expected later in the year.
ExxonMobil has been searching for a buyer for its UK business for over a year. The US major has shares in almost 40 oil and gas fields through its Esso Exploration & Production UK subsidiary. It sold its Norwegian assets in 2019 to Eni-owned Var Energi for $4.5bn and is seeking to exit the European upstream sector altogether within the next few years.
Neo in Line for ExxonMobil UK Assets: Update
Jan 21, 2021 10:40:am
Summary
by: Joe Murphy
Neo Energy, backed by Norwegian private equity group Hitecvision, announced on January 21 it had entered exclusive negotiations to buy ExxonMobil s upstream ope.
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Majors Exit Nigerian Onshore Block
Jan 18, 2021 10:20:am
Summary
by: Joe Murphy
Anglo-Dutch Shell, France s Total and Italy s Eni have all sold their interests in the OML 17 onshore block in Nigeria to local investor Heirs Holdings and its affiliate Transn.
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