Gulf Oil and Gas accountACCOUNT

Equinor Completes Acquisition with Shell in the US Gulf of Mexico

Source: www.gulfoilandgas.com 8/19/2019, Location: South America

The Bureau of Ocean Energy Management has approved Equinor and Shell’s transaction announced in May 2019, whereby Equinor exercised its preferential right to acquire 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of USD 965 million in cash. Equinor’s interest in the field is now 46%.

Anadarko Petroleum Corporation is the operator with a 33.75% interest, and Chevron holds 20.25% interest.

This transaction demonstrates Equinor’s ambition to grow and strengthens the portfolio in the US Gulf of Mexico, now producing a total of more than 130,000 boe/day.

Equinor?has a broad portfolio in the Gulf of Mexico, with active exploration activity, equity- and operated production. In addition, Equinor has extensive US onshore operations?with a total equity production of nearly 300,000 boe/d, and?recently won a bid to deliver offshore wind energy to New York.?

Mergers and Acquisitions News in Mexico >>

Azerbaijan >>  2/10/2020 - SOCAR-AQS and Halliburton Company (HAL) announced the companies have signed a Memorandum of Understanding (MOU) to form a new joint venture to provide...
Australia >>  2/5/2020 - Melbana Energy Limited advises that the offers made under the off market takeover bid made by Melbana Energy for all of the ordinary shares in Metgasc...

Brazil >>  1/31/2020 - Petrobras has started the opportunity disclosure stage (teaser), regarding the sales of all of its equity stakes in the companies Eolica Mangue Seco 1...
United Kingdom >>  1/31/2020 - Chrysaor’s talks to buy smaller regional rival Siccar Point have ended after a large gap between their price expectations. The breakdown in negotiatio...

United States >>  1/31/2020 - Talos Energy Inc. announced the filing of a preliminary Schedule 14C information statement with the Securities and Exchange Commission (“SEC”), an imp...
Norway >>  1/30/2020 - Zenith Energy Ltd., (Zenith) is pleased to announce the establishment of its fully owned Norwegian subsidiary, Zenith Energy AS (Zenith Norway). ...

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 


Mexico Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.