Leni Gas & Oil to complete GoM asset transaction

Leni Gas & Oil (LGO) has signed an agreement to change the company's shareholding in Byron Energy from an indirect to a direct ownership of its US Gulf of Mexico oil and gas assets.

Sep 30th, 2009

Offshore staff

LONDON -- Leni Gas & Oil (LGO) has signed an agreement to change the company's shareholding in Byron Energy from an indirect to a direct ownership of its US Gulf of Mexico oil and gas assets. The transaction should be completed over the coming weeks.

"We are pleased that the agreements between LGO and Byron have been completed today and look forward to the oil and gas revenue from the GoM being to our account in the near future and being an active participant in the expansion of this exciting portfolio with Leed Petroleum PLC and Byron Energy," says David Lenigas, executive chairman of LGO.

09/30/2009

More in Company News
Websiteimage Sunset
Heavy lift and transport groups complete merger
Mammoet has completed the acquisition of ALE.
Jan 9th, 2020
Petrofac will integrate the services of Petrogas NEO UK’s operations, projects, and well engineering activities.
Petrofac to coordinate Petrogas NEO UK offshore activities
Petrogas NEO UK – a jointly owned company formed by Petrogas E&P UK and NEO Energy – has appointed Petrofac to establish its new North Sea business under a two-year, $50-million contract.
Jan 8th, 2020
Websiteimage Sunset
Tenaris completes IPSCO acquisition
Tenaris S.A. has completed the acquisition of IPSCO Tubulars Inc., a US manufacturer of steel pipe, from PAO TMK in a transaction valued at $1.067 billion.
Jan 3rd, 2020
Baker Hughes uses virtual reality technology to assist digital design of oilfield equipment.
Report highlights growing take-up of VR in offshore market
Oil and gas companies and service providers are increasingly adopting virtual reality technology, according to data analytics specialist GlobalData.
Jan 2nd, 2020
Websiteimage Sunset
DNV GL signs NCS frame agreement with DNO
DNO ASA has awarded DNV GL a framework agreement for engineering and management support and verification services in the Norwegian continental shelf.
Dec 19th, 2019
Websiteimage Sunset
Superior Energy Services announces strategic transaction
Revamped entity to focus on international and offshore markets.
Dec 19th, 2019
Bourbon Evolution 800 series multi-purpose supply vessel.
Court to rule on support vessel operator’s future
Various offers have been submitted for struggling offshore support vessel operator BOURBON.
Dec 12th, 2019
Maersk
Halliburton, Petrofac join Maersk drilling alliance
Halliburton and Petrofac will collaborate on an exploration program to be delivered under Maersk Drilling’s master alliance agreement with Seapulse.
Dec 11th, 2019
INPEX makes organizational changes
May 20th, 2019
The semisubmersible crane vessel Thialf transports section of decommissioned jacket to disposal yard.
Trio form UK-based decommissioning partnership
May 16th, 2019
Wellpro gains foothold in the Middle East
May 16th, 2019
Schlumberger strengthens co-operation with Google Cloud
Schlumberger has renewed and expanded its agreement with Google Cloud to develop cloud-native E&P applications.
May 14th, 2019
Kenz forms lifting partnership in the Middle East
Lift/hoisting specialist Kenz Figee has signed a partner agreement with Saudi Drill.
May 14th, 2019
Schlumberger divests fishing and tubulars businesses, assets
Wellbore Integrity Solutions, an affiliate of Rhône Capital, has agreed to acquire the businesses and associated assets of DRILCO, Thomas Tools, and Fishing & Remedial services, along with part of a manufacturing facility on Rankin Road in Houston from Schlumberger.
May 14th, 2019