Scottish and Southern Energy acquires upstream gas assets from Hess - MarketLine Financial Deals

Scottish and Southern Energy acquires upstream gas assets from Hess

Scottish and Southern Energy acquires upstream gas assets from Hess - MarketLine Financial Deals
Scottish and Southern Energy acquires upstream gas assets from Hess
Published Feb 02, 2011
3 pages — Published Feb 02, 2011
Price US$ 20.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...Scottish and Southern Energy plc (SSE) has acquired the natural gas assets and infrastructure in three regions in the North Sea, UK from Hess Limited. SSE is a vertically integrated energy company, while Hess is an oil and gas exploration and production company. Both the companies are based in the UK. Update on June 4, 2010: Rights of pre-emption associated with the North Sea natural gas and infrastructure assets which SSE agreed to acquire from Hess have now been exercised or expired. Following this, almost 80% of the resources from the original package of around 383,000 million cubic feet are available for SSE to acquire an equivalent value as indicated in April. A revised cash consideration of $324million will be paid for these assets. Announcement (April 1, 2010): SSE, through its wholly-owned subsidiary SSE E&P UK Limited, has entered into an agreement to acquire the natural gas assets and infrastructure in three regions in the North Sea, UK for a cash consideration of $423 million....

  
Source:
Document ID
MA22410_100402
Country
Country
Ticker
HES=US
Ticker
SSE=GB
Format:
PDF Adobe Acrobat
Buy Now

MarketLine Financial Deals—MarketLine Financial Deals – Identifying and tracking major financial activity across our full scope of company and sector coverage, MarketLine Financial Deals covers mergers & acquisitions, private equity/venture capital backed buyouts, investments, and exits, IPOs and secondary and follow on offerings, and private placements and exits. Additional non-corporate financial deals including partnership agreements, joint ventures, co-development and research, licensing and co-marketing agreements are also available.

About the Author


Cite this Report

  
MLA:
MarketLine Financial Deals. "Scottish and Southern Energy acquires upstream gas assets from Hess" Feb 02, 2011. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Scottish-and-Southern-Energy-acquires-upstream-gas-assets-from-Hess-2052-28447>
  
APA:
MarketLine Financial Deals. (2011). Scottish and Southern Energy acquires upstream gas assets from Hess Feb 02, 2011. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Scottish-and-Southern-Energy-acquires-upstream-gas-assets-from-Hess-2052-28447>
  
US$ 20.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our MarketLine Financial Deals from one place.