NEO Energy agrees to buy JX Nippon's UK subsidiary for $1.65bn
NEO Energy UK has agreed to purchase 100% stake in JX Nippon Exploration and Production from JX Nippon Oil & Gas Exploration for $1.65bn.
Source: offshore-technology.com
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Ashurst advises JX Nippon on US$1.655 billion sale of UK North Sea business
Global law firm Ashurst is advising JX Nippon Oil & Gas Exploration Corporation (‘JX’) on its agreement with NEO Energy Upstream UK Limited (‘NEO
Source: miragenews.com
UK: BP relaunches sale of North Sea oil fields
UK: BP relaunches sale of North Sea oil fields 11 Jan 2021 BP has relauched the sale of stakes in a number of North Sea oil fields it agreed to sell to Premier Oil before the company was taken over by Chrysaor last year. In June 2020 Premier Oil signed sale and purchase agreements ('SPAs') with BP for the acquisition of BP’s interests in the Andrew Area and its Shearwater assets. Premier agreed to pay BP $210 million upon completion of the BP Acquisitions. In addition, pursuant to the terms of the SPAs, up to a further estimated $115 million would become payable by Premier to BP based on...
Source: energy-pedia.com