May 19, 2020

Energean Oil & Gas scraps sale of E&P’s UK, Norway assets | News

Energean Oil & Gas scraps sale of E&P's UK, Norway assets | News


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(Reuters) – Energean Oil & Gas said on Tuesday it terminated a $280 million deal to sell the UK and Norwegian assets it acquired from Italian energy company Edison SpA last year.

Mediterranean-focussed Energean said it was in talks with buyer Neptune Energy to amend the agreement to exclude the Norwegian unit from the transaction.

(Reporting by Shanima A in Bengaluru; Editing by Devika Syamnath)






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