By the time Mexican President-Elect Andrés Manuel López Obrador (a.k.a. AMLO) takes power on 1 December 2018, international investors hope to get a clearer understanding of his administration’s plans regarding international investment in his nation’s offshore oil reserves. While questions remain about AMLO’s policy regarding both new and existing contracts for offshore oil, some experts see reason for optimism.
Equinor has signed an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf (NCS) for a total of USD 220 million.
Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has reached an agreement with publicly listed Norwegian Energy Company ASA (Noreco), to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. (SOGU) for a consideration amount of $1.9 billion. SOGU is a wholly-owned Shell subsidiary that holds a 36.8% non-operating interest in the Danish Underground Consortium (DUC).
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