SUBSCRIBERS
Rex International unit to divest interest in Barents Sea licence
Published Mon, Oct 15, 2018 · 09:50 PM
Singapore
A 90 per cent-owned unit of Rex International Holding will divest its 20 per cent participating interest in the Barents Sea licence PL850 to an external third party, as part of a bid by the oilfield services firm to focus on its core assets and areas close to infrastructure in the Norwegian North Sea.
The sale, effective from Jan 1, 2018, is pending regulatory approval.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UOB awards Wong Kan Seng over S$400,000 in shares
US: Wall St opens lower as megacaps drag
Olam tops Louis Dreyfus’ offer for Australia’s Namoi Cotton as takeover battle heats up
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says
New York Times beats profit estimates on bundle strength
US dollar gains ground; subdued yen prompts Japan warning