Gulf Oil and Gas accountACCOUNT

Hess Completes Sale of Interests in Equatorial Guinea

Source: www.gulfoilandgas.com 11/28/2017, Location: Africa

Hess Corporation has completed the previously announced sale of its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million, effective January 1, 2017.

“Our 2017 asset monetizations have exceeded expectations in terms of value and timing,” CEO John Hess said. “These proceeds, along with cash on our balance sheet, are enabling us to prefund our world-class investment opportunity in Guyana, increase our rig count in the Bakken in 2018, return capital to shareholders and reduce debt.”

For more information about related Opportunities and Key Players visit West Africa Projects

Acquisitions and Divestitures News in Equatorial Guinea >>

Norway >>  12/5/2018 - Faroe Petroleum is pleased to announce it has signed a binding agreement with Equinor Energy AS (a wholly owned subsidiary of Equinor ASA) (Equinor) t...
Norway >>  12/3/2018 - Following Aker BP's stock exchange notice dated 31 July 2018 regarding the company's agreement to acquire a portfolio of 11 licences on the Norwegian ...

United Kingdom >>  12/3/2018 - Union Jack Oil has received written consent from the Oil and Gas Authority, satisfied all conditions precedent, and has now completed the farm-in with...
United Kingdom >>  12/3/2018 - EnQuest PLC, an independent oil and gas production and development company listed on the London and Stockholm stock exchanges, has completed the acqui...

United Kingdom >>  12/3/2018 - Reabold, the investor in pre-cash flow upstream oil and gas projects, further to its announcement of 5 November 2018, has announced the completion of ...
Australia >>  11/30/2018 - Tap Oil Limited (Tap), consistent with its strategy to monetize and rationalise its Australian portfolio, has entered into a Sale and Purchase Agreeme...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Equatorial Guinea Oil & Gas 1 >>  2 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.