Mon, 24th May 2021 15:52
LONDON, May 24 (Reuters) - Tailwind, a private oil producer
backed by commodity trader Mercuria, has agreed to buy BP's
27.5% stake in the Shearwater oilfield in the British
North Sea, it said on Monday.
BP had previously agreed to sell the stake to Premier Oil,
but the deal fell through when Chrysaor bought Premier Oil to
form Harbour Energy last year.
(Reporting by Shadia Nasralla and Ron Bousso; editing by David
Evans)
Energy shares hit over two-month lows, biggest drag *
(Sharecast News) - Commodity related stocks were the chief drag on the FTSE 350 amid a combination of growth concerns and risk aversion.
FTSE 100 down 0.4%, FTSE 250 falls 0.9% *
(Alliance News) - Stock prices in London closed lower on Tuesday, with New York tracking down, amid some disappointing economic data from the US.
(Alliance News) - Stock prices in London were lower at midday Tuesday, with oil majors BP and Shell dragging the index lower as oil prices took a hit.
BP (BP.)
Harbour Energy (HBR)