Ineos to acquire further North Sea assets

British chemical group Ineos is planning to purchase assets for billions of US dollars in the North Sea region.

Photo: Jeff Gilbert/Alamy Stock Photo

The North Sea is increasingly looking like a region for smaller oil players. Ineos, which took over North Sea oil and gas activities from Danish Dong Energy, since renamed Ørsted, is currently in talks with ConocoPhillips regarding additional acquisitions in that mature market.

British daily The Times reported on Sunday that Ineos is negotiating a takeover of the US oil company's holdings for a price of around USD 3 billion. These talks have since been confirmed by media City A.M.:

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Vestas confirms spread of stolen data

Data from the OEM's IT systems have been stolen and offered to a third party, informs Vestas, which has "reasons to believe" that the leaked data mainly pertains to internal company matters, says CEO.

Further reading

Related articles

Latest News

See all jobs