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Rex International unit to divest stakes in two Norway assets

Published Mon, Jan 28, 2019 · 09:50 PM

Singapore

REX International announced on Monday a deal to divest its interests in two Norway assets through its 90 per cent-owned subsidiary Lime Petroleum.

The oil and gas company is selling to Lundin Norway its 30 per cent interest in the Rolvsnes discovery in PL338C, PL338E and its 20 per cent stake in the Goddo prospect in PL815.

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Rex International unit to divest stakes in two Norway assets

Energy & Commodities

Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Anglo rejects BHP takeover bid as significantly undervalued

India rice prices at three-month low on shrinking demand

Gold prices set for weekly decline ahead of US inflation data

Pricey coffee is here to stay as hoarding, heat hit Vietnam supply

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