Repsol, Sinopec Settle Prolonged North Sea Dispute

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Businessmen,Making,Handshake,With,His,Partner,In,Cafe,-,Business
Shutterstock

Spain's Repsol has agreed to buy its Chinese partner Sinopec's 49% stake in their UK North Sea joint venture for $1.1 billion, ending a legal dispute that had been rumbling on for eight years.

Topics:
Policy and Regulation, Offshore Oil and Gas, Regional Integrateds, NOCs
Wanda Ad #2 (article footer)
#
Mumbai-based Gatik, which has become one of the largest shippers of Russian crude, may be unable to insure its ships after being struck off by US and UK registries.
Thu, Jun 1, 2023
Mexican regulators approved the joint field development plan for the offshore Zama field on Thursday, a major step forward for the promising oil find.
Thu, Jun 1, 2023
Despite a Spanish minister's suggestion that the EU could ban imports of Russian LNG at some point, such a move looks unlikely any time soon.
Thu, Jun 1, 2023