asset divestment
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As the company works to realign its portfolio, it puts its North Sea assets in the crosshairs. -
The sale for $1.8 billion of Solenergi Power, the holding company for Sprng, which develops and operates solar and wind projects across India, follows other realignment actions by the supermajor.
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The company's CEO says Europe’s third-largest oil field is entering a natural decline phase.
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The Norwegian giant announced it is selling all of its Vaca Muerta assets to Vista Energy.
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BPX Energy will retain operatorship of the assets after the sale of its interests to private investment firm Sixth Street is complete.
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Contractor realizes big gains on divestment of business unit owned less than a year.
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Pacific Meltem and Pacific Scirocco will be sold out of the marketed fleet; Noble posts over $2 billion in fresh contract backlog.
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Stonepeak will pay $5.7 billion for 40% interest in the project due for FID later this year.
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The $1.65 billion deal adds to Vitol’s presence in the West African upstream while enabling Eni to cash out early on the value of some assets while retaining an interest in future revenues.
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The operator’s sale of the US Gulf holdings is part of a larger portfolio rationalization program.
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