The Government has published the North Sea Transition Deal which includes up to £16 billion of government and industry investment, a reduction in greenhouses gases and the creation of new skilled employment. The deal, reached between Government, oil and gas companies and the Oil & Gas Authority (OGA), looks at how the offshore hydrocarbon sector […]
Tag: UK North Sea
Cairn to sell Catcher-Kraken interests
Cairn Energy plc has agreed to sell its North Sea interests in the Catcher and Kraken fields for US$460 million to Norwegian company Waldorf Production Ltd. GOALS The agreement includes additional contingent consideration dependent on oil prices from 2021 to the end of 2025. The sale, subject to shareholder approval, involves Cairn’s interest of 20% […]