ConocoPhillips approaches new buyer to dispose of North Sea fields

US oil group ConocoPhillips has difficulty getting rid of its oil fields in the North Sea. A British company could be the new buyer.

Photo: conocophilips

The UK's wealthiest person, Jim Ratcliffe, was supposed to buy ConocoPhilips' North Sea oil fields. That deal failed last week, however, and now ConocoPhillips is attempting to find another British buyer, report several UK-based media.

Apparently ConocoPhillips has engaged in talks with independent UK oil and gas company Chrysaor Ltd. about selling the former's North Sea assets.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • 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 ShippingWatch

Maersk Tankers CEO sees no reason to merge tanker carriers

It has long been discussed, and the chief executive of a competitor points to Maersk Tankers as a driver in the tanker sector's consolidation race. However, Maersk Tankers CEO Christian M. Ingerslev does not see much sense in combining balance sheets, he tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs