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PETALING JAYA: Hibiscus Petroleum Bhd’s unit Anasuria Hibiscus UK Ltd (AHUK) has been offered three licences as part of the 32nd United Kingdom Offshore Licensing Round launched by the UK Oil and Gas Authority in July 2019.
PETALING JAYA: Hibiscus Petroleum Bhd’s indirect wholly owned subsidiary, Anasuria Hibiscus UK Ltd (AHUK), has entered into a conditional non-binding term sheet to acquire Licence P2366 consisting of Blocks 15/18d and 15/19b from United Oil & Gas Plc and Swift Exploration Ltd for US$5mil (RM20.6mil).
KUALA LUMPUR: Dagang NeXchange Bhd’s (DNeX) shares were trading higher in early trade after its associate company, Ping Petroleum Ltd received two licences in UK’s North Sea.
LONDON: Royal Dutch Shell is nearing the sale of a large part of its North Sea oil and gas assets to private equity-backed Chrysaor for US$3 billion, banking sources said, marking a milestone in its drive to reduce debt after buying BG Group.
LONDON: Oil fell more than 3 percent on Monday, hit by weaker Chinese equities and record North Sea crude production data that added to global oversupply concerns.