• Natural Gas News

    The Telegraph: Russian Billionaire Turns to Norway Oil and Gas After UK Snub

    old

Summary

Russian billionaire Mikhail Fridman's LetterOne is in talks to buy Norwegian North Sea assets from EON months after the UK forced it to sell its UKCS assets

by: Erica Mills

Posted in:

Press Notes

The Telegraph: Russian Billionaire Turns to Norway Oil and Gas After UK Snub

LetterOne, the investment vehicle led by Russian billionaire Mikhail Fridman, is in talks to buy stakes in Norwegian North Sea oil and gas assets owned by Eon, according to reports.

The $1bn deal comes just months after LetterOne was ordered by the UK government to sell British petroleum licences.

Read the full article HERE.