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UKs SSE to Sell Gas E&P Assets to Viaro Energy for $161 Million

2020-12-22 15:33:43| OGI

British energy supplier SSE said on Dec. 22 it has agreed to sell its portfolio of natural gas exploration and production assets to U.K.-based upstream energy company Viaro Energy for 120 million pounds (US$161 million).

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Equinor to Invest $345 Million to Improve Recovery Rate at North Sea Field

2020-12-22 14:46:42| OGI

Equinor and its license partners have decided to invest NOK 3 billion (US$345 million) in the North Sea Statfjord st field to improve recovery by 23 million barrels of oil equivalent, the company said on Dec. 22.

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ConocoPhillips Makes Norway Oil Discovery of up to 200 Million Barrels

2020-12-22 11:16:12| OGI

ConocoPhillips made an oil discovery in the Norwegian Sea north of the Heidrun field, the country's Petroleum Directorate (NPD) said on Dec. 22.

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Oaktree Capital Pledges $600 Million Investment to Fuel Natural Gas Dealmaking

2020-12-18 17:25:00| OGI

Oaktree Capital committed to invest an additional $600 million in future mutually agreed upon opportunities to support�BKV Corp.s strategy to consolidate U.S. natural gas assets.

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Earthstone Energy to Acquire Warburg-backed Midland Basin Operator in $185.9 Million Deal

2020-12-18 12:00:00| OGI

Earthstone Energys acquisition of Independence Resources Management�is expected to roughly double both the companys production and adjusted EBITDAX with minimal impact to leverage, says Earthstone CEO�Robert J. Anderson.

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