Shell completes sale of Egypt onshore assets lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
Cairn Energy optimistic amid India s Dutch claim, portfolio revamp
Tue, 11th May 2021 10:24
(Alliance News) - Cairn Energy PLC on Tuesday said it remains confident in its position amid a long-running tax dispute with India, which has now gone to Dutch courts.
A tribunal ruled in favour of Cairn back in December, awarding the oil & gas explorer USD1.2 billion in damages, plus interest and costs. This ruling is binding and enforceable under international treaty law. Whilst India has sought to challenge the basis of the award through set-aside proceedings in the Dutch courts, we remain confident of our position and continue constructive engagement with the government of India whilst at the same time taking all necessary actions to protect our rights to the award and access the value of it as early as possible, Chief Executive Simon Thomson said ahead of the company s annual general meeting on Tuesday.
Con esta agenda de ideas de ocio, tu madre será la reina en el Día de la Madre 2021 woman.es - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from woman.es Daily Mail and Mail on Sunday newspapers.
NRF acts for Shell on USD 926 million Egypt sale
Published by: Sandy Bhadare at 23 Mar 2021 The Hague-headquartered energy company Shell has inked an agreement for the sale of its upstream assets i.
The Hague-headquartered energy company Shell has inked an agreement for the sale of its upstream assets in Egypt for a total consideration of USD 926 million.
Shell announced signing an agreement for the sale of the assets to a consortium comprising independent exploration and production (E&P) company Cheiron Petroleum Corporation, and Edinburgh-headquartered and London Stock Exchange-listed E&P company Cairn Energy.
Under the terms of the agreement, the consortium will acquire Shell’s upstream assets in Egypt’s Western Desert for an initial price of USD 646 million, with additional payments of a maximum of USD 280 million until 2024, dependent on the price of oil and out
Home / Oil & Energy / Oil & Companies News / Shell signs an agreement for its onshore upstream interests in Egypt with Cheiron Petroleum Corporation and Cairn Energy PLC
Shell signs an agreement for its onshore upstream interests in Egypt with Cheiron Petroleum Corporation and Cairn Energy PLC
Shell Egypt and one of its affiliates have signed an agreement with a consortium made up of subsidiaries of Cheiron Petroleum Corporation and Cairn Energy PLC to acquire Shell’s upstream assets in Egypt’s Western Desert for a base consideration of US$646 million and additional payments of up to $280 million between 2021 and 2024, contingent on the oil price and the results of further exploration.