Repsol Sinopec forms industry alliance to maximise recovery of North Dea reserves
édité le 15/02/2021 - Plus de news de Repsol Sinopec - Voir la fiche entreprise de Repsol Sinopec
Repsol Sinopec Resources UK Limited has formed an innovative partnership with energy service providers TechnipFMC and Petrofac, creating an industry alliance which seeks to maximise the recovery of oil and gas from the UK Continental Shelf (UKCS).
The partnership will offer the owners of oil and gas discoveries near Repsol Sinopecs existing North Sea infrastructure hubs an integrated, technically robust and commercially flexible solution to meet their near to mid-term development objectives.
Arc Resources, Seven Generations merging in major Montney tie-up
Noah Zivitz, BNN Bloomberg VIDEO SIGN OUT
Arc Resources Ltd. and Seven Generations Energy Ltd. announced a tie-up late Wednesday, in a transaction that would bring together a pair of major players in Canada s Montney region.
Under the terms of the transaction, Seven Generations shareholders will receive 1.108 Arc shares for each share held. Once the deal closes, Arc s shareholders will own 49 per cent of the combined entity and Seven Generations holders will own 51 per cent, according to a joint media release. The combined company will retain Arc s name and will be headquartered in Calgary.
Arc Resources, Seven Generations merging in major Montney tie-up
Noah Zivitz, BNN Bloomberg VIDEO SIGN OUT
Arc Resources Ltd. and Seven Generations Energy Ltd. announced a tie-up late Wednesday, in a transaction that would bring together a pair of major players in Canada s Montney region.
Under the terms of the transaction, Seven Generations shareholders will receive 1.108 Arc shares for each share held. Once the deal closes, Arc s shareholders will own 49 per cent of the combined entity and Seven Generations holders will own 51 per cent, according to a joint media release. The combined company will retain Arc s name and will be headquartered in Calgary.
Equinor Takes $900M for Bakken Assets as Lower 48 Portfolio Continues to Shrink
Equinor ASA, an enthusiastic buyer in the early days of the Lower 48 unconventional oil and gas revolution, has put the portfolio in reverse, with the Bakken Shale the latest to change hands.
The Norwegian major said Wednesday it agreed to sell its North Dakota and Montana assets to EnCap Investments-backed Grayson Mill Energy for around $900 million.
The transaction covers all the operated and nonoperated leasehold, about 242,000 net acres, along with the associated midstream assets.
“Equinor is optimizing its oil and gas portfolio to strengthen profitability and make it more robust for the future,” CEO Anders Opedal said. “By divesting our Bakken position, we are realizing proceeds that can be deployed toward more competitive assets in our portfolio, enabling us to deliver increased value creation for our shareholders.”
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