ConocoPhillips concludes sale of UK E&P subsidiaries
Chrysaor Holdings Limited has completed its acquisition of ConocoPhillips’ UK oil and gas business for US$2.675 billion. With an effective date of 1 January 2018, completion of the transaction follows receipt of all necessary regulatory approvals.
The assets acquired produced approximately 72,000 barrels of oil equivalent per day (boepd) in the first six months of 2019. Combined with Chrysaor’s existing portfolio first half 2019 production averaged 195,000 boepd.
Country updates
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October 01, 2019
INPP confirms 'oversubscribed' placing
International Public Partnerships Limited (INPP) has closed the launched placing, raising GBP116.5 million (US$143.266 million) before costs and expenses through the issue of 75,649,350 ordinary...
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October 01, 2019
Falck signs PPA with Shell Energy for 67.5 MW Kilbraur wind park in UK
Falck Renewables S.p.A., through its subsidiary Kilbraur Wind Energy Ltd., has signed a Power Purchase Agreement to sell all the electricity of its Kilbraur wind farm (UK) to Shell Energy Europe Ltd....
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September 30, 2019
Ørsted invests in Limpet Technology's Pict Offshore in UK
Ørsted has acquired a 22.5% share in Pict Offshore, the Scottish developer of an innovative technology set to transform the way technicians access offshore wind turbines. The Get Up Safe (GUS)...
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September 27, 2019
714MW offshore wind farm in UK starts generating first power
Iberdrola has connected the East Anglia ONE offshore wind farm to the British electricity grid. With an installed capacity of 714 MW, it will be the largest offshore wind farm in the world, after comi...
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September 26, 2019
Foresight Group launches new renewable energy fund
Global infrastructure and private equity investment manager Foresight Group has launched a unique investment fund, Foresight Renewable Energy Income Fund (FREIF), to provide Australian whole...
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