ASIA

Magna magnifies Oilex stake

OILEX will hand over 12.46% of its equity interest to Magna Energy, making it the cornerstone investor in the company, after a sale and purchase agreement for an interest in the Cambay production sharing contract failed.

Magna magnifies Oilex stake

The SPA, announced in August last year, led to Magna paying $US4 million ($A4.3 million) to Oilex for an initial 10% participating interest in the Cambay PSC. Magna then exercised its right to acquire...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry