For sale: Norwegian oil activities for USD 6.5 billion

A new acquisition wave could emerge in the North Sea where oil majors are prepared to divest on a large scale, says Rystad Energy after Tellus Petroleum's purchase of several oil activities from Wintershall. Oil activities for upwards of USD 6.5 billion for sale, notes the company.

by DANIEL LOGAN

Late last week German oil giant Wintershall sold North Sea oil activities for USD 600 million to the small Norwegian player Tellus Petroleum.

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For sale: Norwegian oil activities for USD 6.5 billion

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Major divestments for Wintershall in Norway

42 fewer offshore rigs active in one year

600 jobs cut among Norwegian offshore carriers

Sign up for our newsletter

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Kuehne+Nagel triggers unrest among staff with new management structure

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Congestion in Asian ports is now as bad as during Covid

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