UK will reportedly allow Huawei to build out parts of its 5G networks

The U.K. government will reportedly allow Huawei to build out parts of its 5G wireless networks, defying U.S. demands for a blanket ban on the Chinese tech giant. Citing unnamed sources, The Daily Telegraph first reported that Britain’s National Security Council agreed on Tuesday to let Huawei provide “non-core” technology, like antennas, to the country’s mobile operators for the next-generation networks. The U.K. will not allow the Chinese firm to provide “core” technology, which includes softw


The U.K. government will reportedly allow Huawei to build out parts of its 5G wireless networks, defying U.S. demands for a blanket ban on the Chinese tech giant. Citing unnamed sources, The Daily Telegraph first reported that Britain’s National Security Council agreed on Tuesday to let Huawei provide “non-core” technology, like antennas, to the country’s mobile operators for the next-generation networks. The U.K. will not allow the Chinese firm to provide “core” technology, which includes softw
UK will reportedly allow Huawei to build out parts of its 5G networks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: elizabeth schulze
Keywords: news, cnbc, companies, parts, uk, provide, supply, technology, networks, review, 5g, build, national, allow, reportedly, statement, huawei, security


UK will reportedly allow Huawei to build out parts of its 5G networks

The U.K. government will reportedly allow Huawei to build out parts of its 5G wireless networks, defying U.S. demands for a blanket ban on the Chinese tech giant.

Citing unnamed sources, The Daily Telegraph first reported that Britain’s National Security Council agreed on Tuesday to let Huawei provide “non-core” technology, like antennas, to the country’s mobile operators for the next-generation networks. The U.K. will not allow the Chinese firm to provide “core” technology, which includes software and other equipment that link primary internet connections, several media outlets reported.

In a statement to CNBC on Wednesday, a U.K. government spokesperson said, “National Security Council discussions are confidential. Decisions from those meetings are made and announced at the appropriate time through the established processes.”

“As part of our plans to provide world class digital connectivity, including 5G, we are conducting an evidence based review of the supply chain to ensure a diverse and secure supply base, now and into the future. This is a thorough review into a complex area and will report with its conclusions in due course,” the statement continued.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: elizabeth schulze
Keywords: news, cnbc, companies, parts, uk, provide, supply, technology, networks, review, 5g, build, national, allow, reportedly, statement, huawei, security


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

UK will reportedly allow Huawei to build out parts of its 5G networks

The U.K. government will reportedly allow Huawei to build out parts of its 5G wireless networks, defying U.S. demands for a blanket ban on the Chinese tech giant. Citing unnamed sources, The Daily Telegraph first reported that Britain’s National Security Council agreed on Tuesday to let Huawei provide “non-core” technology, like antennas, to the country’s mobile operators for the next-generation networks. The U.K. will not allow the Chinese firm to provide “core” technology, which includes softw


The U.K. government will reportedly allow Huawei to build out parts of its 5G wireless networks, defying U.S. demands for a blanket ban on the Chinese tech giant. Citing unnamed sources, The Daily Telegraph first reported that Britain’s National Security Council agreed on Tuesday to let Huawei provide “non-core” technology, like antennas, to the country’s mobile operators for the next-generation networks. The U.K. will not allow the Chinese firm to provide “core” technology, which includes softw
UK will reportedly allow Huawei to build out parts of its 5G networks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: elizabeth schulze
Keywords: news, cnbc, companies, parts, uk, provide, supply, technology, networks, review, 5g, build, national, allow, reportedly, statement, huawei, security


UK will reportedly allow Huawei to build out parts of its 5G networks

The U.K. government will reportedly allow Huawei to build out parts of its 5G wireless networks, defying U.S. demands for a blanket ban on the Chinese tech giant.

Citing unnamed sources, The Daily Telegraph first reported that Britain’s National Security Council agreed on Tuesday to let Huawei provide “non-core” technology, like antennas, to the country’s mobile operators for the next-generation networks. The U.K. will not allow the Chinese firm to provide “core” technology, which includes software and other equipment that link primary internet connections, several media outlets reported.

In a statement to CNBC on Wednesday, a U.K. government spokesperson said, “National Security Council discussions are confidential. Decisions from those meetings are made and announced at the appropriate time through the established processes.”

“As part of our plans to provide world class digital connectivity, including 5G, we are conducting an evidence based review of the supply chain to ensure a diverse and secure supply base, now and into the future. This is a thorough review into a complex area and will report with its conclusions in due course,” the statement continued.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: elizabeth schulze
Keywords: news, cnbc, companies, parts, uk, provide, supply, technology, networks, review, 5g, build, national, allow, reportedly, statement, huawei, security


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

‘Very unlikely’ for Brexit to be resolved by May 22: Professor

‘Very unlikely’ for Brexit to be resolved by May 22: Professor3 Hours AgoJonathan Portes of King’s College London discusses Brexit and the political future of U.K. Prime Minister Theresa May.


‘Very unlikely’ for Brexit to be resolved by May 22: Professor3 Hours AgoJonathan Portes of King’s College London discusses Brexit and the political future of U.K. Prime Minister Theresa May.
‘Very unlikely’ for Brexit to be resolved by May 22: Professor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24
Keywords: news, cnbc, companies, professor, professor3, unlikely, political, uk, 22, prime, portes, resolved, brexit, minister, theresa


'Very unlikely' for Brexit to be resolved by May 22: Professor

‘Very unlikely’ for Brexit to be resolved by May 22: Professor

3 Hours Ago

Jonathan Portes of King’s College London discusses Brexit and the political future of U.K. Prime Minister Theresa May.


Company: cnbc, Activity: cnbc, Date: 2019-04-24
Keywords: news, cnbc, companies, professor, professor3, unlikely, political, uk, 22, prime, portes, resolved, brexit, minister, theresa


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

After Trump tweet, UK spy agency says claim it spied on Trump is utterly ridiculous

Britain’s main eavesdropping agency on Wednesday said allegations that it had been asked by the Obama administration to spy on Donald Trump after the 2016 presidential election were utterly ridiculous and should be ignored. Trump on Wednesday tweeted that a former CIA analyst, Larry Johnson, had accused Britain of spying on the Trump campaign. Trump said: “It is now just a question of time before the truth comes out, and when it does, it will be a beauty!” When asked about the tweet, a GCHQ spok


Britain’s main eavesdropping agency on Wednesday said allegations that it had been asked by the Obama administration to spy on Donald Trump after the 2016 presidential election were utterly ridiculous and should be ignored. Trump on Wednesday tweeted that a former CIA analyst, Larry Johnson, had accused Britain of spying on the Trump campaign. Trump said: “It is now just a question of time before the truth comes out, and when it does, it will be a beauty!” When asked about the tweet, a GCHQ spok
After Trump tweet, UK spy agency says claim it spied on Trump is utterly ridiculous Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: alex wong, getty images
Keywords: news, cnbc, companies, trump, ridiculous, truth, tweeted, spy, utterly, spied, allegations, wire, tapping, agency, claim, asked, uk, gchq


After Trump tweet, UK spy agency says claim it spied on Trump is utterly ridiculous

Britain’s main eavesdropping agency on Wednesday said allegations that it had been asked by the Obama administration to spy on Donald Trump after the 2016 presidential election were utterly ridiculous and should be ignored.

Trump on Wednesday tweeted that a former CIA analyst, Larry Johnson, had accused Britain of spying on the Trump campaign. Trump said: “It is now just a question of time before the truth comes out, and when it does, it will be a beauty!”

When asked about the tweet, a GCHQ spokesman said: “The allegations that GCHQ was asked to conduct ‘wire tapping’ against the then President Elect are nonsense. They are utterly ridiculous and should be ignored.”


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: alex wong, getty images
Keywords: news, cnbc, companies, trump, ridiculous, truth, tweeted, spy, utterly, spied, allegations, wire, tapping, agency, claim, asked, uk, gchq


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

After Trump tweet, UK spy agency says claim it spied on Trump is utterly ridiculous

Britain’s main eavesdropping agency on Wednesday said allegations that it had been asked by the Obama administration to spy on Donald Trump after the 2016 presidential election were utterly ridiculous and should be ignored. Trump on Wednesday tweeted that a former CIA analyst, Larry Johnson, had accused Britain of spying on the Trump campaign. Trump said: “It is now just a question of time before the truth comes out, and when it does, it will be a beauty!” When asked about the tweet, a GCHQ spok


Britain’s main eavesdropping agency on Wednesday said allegations that it had been asked by the Obama administration to spy on Donald Trump after the 2016 presidential election were utterly ridiculous and should be ignored. Trump on Wednesday tweeted that a former CIA analyst, Larry Johnson, had accused Britain of spying on the Trump campaign. Trump said: “It is now just a question of time before the truth comes out, and when it does, it will be a beauty!” When asked about the tweet, a GCHQ spok
After Trump tweet, UK spy agency says claim it spied on Trump is utterly ridiculous Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: alex wong, getty images
Keywords: news, cnbc, companies, trump, ridiculous, truth, tweeted, spy, utterly, spied, allegations, wire, tapping, agency, claim, asked, uk, gchq


After Trump tweet, UK spy agency says claim it spied on Trump is utterly ridiculous

Britain’s main eavesdropping agency on Wednesday said allegations that it had been asked by the Obama administration to spy on Donald Trump after the 2016 presidential election were utterly ridiculous and should be ignored.

Trump on Wednesday tweeted that a former CIA analyst, Larry Johnson, had accused Britain of spying on the Trump campaign. Trump said: “It is now just a question of time before the truth comes out, and when it does, it will be a beauty!”

When asked about the tweet, a GCHQ spokesman said: “The allegations that GCHQ was asked to conduct ‘wire tapping’ against the then President Elect are nonsense. They are utterly ridiculous and should be ignored.”


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: alex wong, getty images
Keywords: news, cnbc, companies, trump, ridiculous, truth, tweeted, spy, utterly, spied, allegations, wire, tapping, agency, claim, asked, uk, gchq


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Markets are underplaying the risk of the UK government imploding, strategist says

Investors are underestimating the potential for the U.K. government to “implode,” resulting in a snap general election, a senior foreign exchange strategist told CNBC. Such an eventuality would have hit the pound by as much as 10%, according to Jeremy Stretch, the head of G-10 currency strategy at CIBC. Consequently, bets against the pound — known as short-selling — have pared to nine-month lows, but analysts still remain bearish on the outlook for sterling in all Brexit eventualities. Stretch p


Investors are underestimating the potential for the U.K. government to “implode,” resulting in a snap general election, a senior foreign exchange strategist told CNBC. Such an eventuality would have hit the pound by as much as 10%, according to Jeremy Stretch, the head of G-10 currency strategy at CIBC. Consequently, bets against the pound — known as short-selling — have pared to nine-month lows, but analysts still remain bearish on the outlook for sterling in all Brexit eventualities. Stretch p
Markets are underplaying the risk of the UK government imploding, strategist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: elliot smith, sean gallup, getty images news, getty images
Keywords: news, cnbc, companies, remains, pound, westminster, stretch, risk, strategist, markets, imploding, risks, remain, underplaying, potential, sterling, uk, brexit, weeks


Markets are underplaying the risk of the UK government imploding, strategist says

Investors are underestimating the potential for the U.K. government to “implode,” resulting in a snap general election, a senior foreign exchange strategist told CNBC.

Sterling volatility has fallen sharply in recent weeks after Brussels and Westminster agreed to delay Britain’s departure date by up to six months, removing any immediate risks of a no-deal Brexit. Such an eventuality would have hit the pound by as much as 10%, according to Jeremy Stretch, the head of G-10 currency strategy at CIBC.

Consequently, bets against the pound — known as short-selling — have pared to nine-month lows, but analysts still remain bearish on the outlook for sterling in all Brexit eventualities. The pound has gained nearly 2% on the dollar since the turn of the year but it started this week below $1.30 as the British parliament returned from its Easter break.

Stretch pointed to a lack of substantive progress in negotiating the stalemate between the Conservative government and the opposition Labour Party as driving this caution.

“Ongoing political uncertainty raises the prospect of a perpetuation of precautionary saving (at the expense of spending) and postponement in business investment, impacting underlying growth potential,” Stretch said

“The risk of the Brexit process extending towards October 31 risks taking the Bank of England out of the equation in 2019, underlining that for now, ongoing Brexit paralysis favors significant sterling impetus proving to be delayed, if not yet derailed.”

Stretch suggested that a negotiated exit remains the most likely outcome, and although the timing of such an event remains unclear, the tail risks of a hard Brexit remain modest.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: elliot smith, sean gallup, getty images news, getty images
Keywords: news, cnbc, companies, remains, pound, westminster, stretch, risk, strategist, markets, imploding, risks, remain, underplaying, potential, sterling, uk, brexit, weeks


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Brexit talks resume as May’s leadership comes under renewed pressure

Brexit talks between the U.K. government and the main opposition Labour party have resumed after lawmakers returned to work following the Easter break. A spokesperson for U.K. Prime Minister Theresa May told reporters Tuesday that the talks will “require compromise on both sides.” A customs union is an agreement that allows partaking countries to set common external tariffs, allowing goods to travel freely between those countries. The draft proposal between the U.K. and EU does not include a cus


Brexit talks between the U.K. government and the main opposition Labour party have resumed after lawmakers returned to work following the Easter break. A spokesperson for U.K. Prime Minister Theresa May told reporters Tuesday that the talks will “require compromise on both sides.” A customs union is an agreement that allows partaking countries to set common external tariffs, allowing goods to travel freely between those countries. The draft proposal between the U.K. and EU does not include a cus
Brexit talks resume as May’s leadership comes under renewed pressure Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: david reid, thierry monasse, getty images news, getty images
Keywords: news, cnbc, companies, mays, leadership, comes, renewed, eu, pressure, resume, talks, countries, customs, union, trade, labour, uk, brexit, prime


Brexit talks resume as May's leadership comes under renewed pressure

Brexit talks between the U.K. government and the main opposition Labour party have resumed after lawmakers returned to work following the Easter break.

A spokesperson for U.K. Prime Minister Theresa May told reporters Tuesday that the talks will “require compromise on both sides.”

Asked if the government could agree retaining a customs union wit the EU to secure a deal with Labour, the spokesman said: “You know the prime minister’s position with regard to the importance of being able to do trade deals.”

A customs union is an agreement that allows partaking countries to set common external tariffs, allowing goods to travel freely between those countries. The draft proposal between the U.K. and EU does not include a customs union as supporters of Brexit say it prevents the right to strike fresh trade deals.

Earlier this month, May agreed another new Brexit date with EU leaders. It delays the U.K.’s departure until October 31, 2019.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: david reid, thierry monasse, getty images news, getty images
Keywords: news, cnbc, companies, mays, leadership, comes, renewed, eu, pressure, resume, talks, countries, customs, union, trade, labour, uk, brexit, prime


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

New tech in UK prisons can pinpoint illegal phones to an ‘exact cell’

The U.K.’s Ministry of Justice has started to use “specialist mobile detection technology” to find and then seize phones that are being used illegally by prisoners. The technology is being used to tackle the problem of mobile phone smuggling, which authorities said resulted in both violence and drug-dealing inside prisons. When it detects the presence of a cell phone in prison, the technology sends real-time alerts. A digital heat map is used to identify the strength of the phone’s signal, enabl


The U.K.’s Ministry of Justice has started to use “specialist mobile detection technology” to find and then seize phones that are being used illegally by prisoners. The technology is being used to tackle the problem of mobile phone smuggling, which authorities said resulted in both violence and drug-dealing inside prisons. When it detects the presence of a cell phone in prison, the technology sends real-time alerts. A digital heat map is used to identify the strength of the phone’s signal, enabl
New tech in UK prisons can pinpoint illegal phones to an ‘exact cell’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: anmar frangoul, siur, istock, getty images
Keywords: news, cnbc, companies, prisons, technology, tech, phone, exact, vital, uks, mobile, smuggle, cell, illegal, prison, uk, pinpoint, used, phones


New tech in UK prisons can pinpoint illegal phones to an 'exact cell'

The U.K.’s Ministry of Justice has started to use “specialist mobile detection technology” to find and then seize phones that are being used illegally by prisoners.

The technology is being used to tackle the problem of mobile phone smuggling, which authorities said resulted in both violence and drug-dealing inside prisons.

When it detects the presence of a cell phone in prison, the technology sends real-time alerts. A digital heat map is used to identify the strength of the phone’s signal, enabling prison officers to home in on its location “to the exact cell.”

Prison staff are able to look at the data of a specific period of time to monitor the emergence of any patterns, such as when prisoners work together to smuggle drugs into a prison. The intelligence can be analysed and lead to arrests.

The technology has undergone a six-month trial in one prison and is being rolled out to four more facilities. The locations of where it’s being used have not been made public.

“As criminals look for new ways to smuggle contraband into prisons, it is vital that we stay one step ahead, and this kind of technology will help prevent them operating from their cells,” David Gauke, the U.K.’s justice secretary, said in a statement Sunday.

“This is vital to ensuring prisons are places of safety and rehabilitation, where offenders can turn their backs on crime for good,” Gauke added.

Follow CNBC International on Twitter and Facebook.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: anmar frangoul, siur, istock, getty images
Keywords: news, cnbc, companies, prisons, technology, tech, phone, exact, vital, uks, mobile, smuggle, cell, illegal, prison, uk, pinpoint, used, phones


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Trump to visit the queen in state visit to the UK

President Donald Trump will make a three-day state visit to the United Kingdom in early June. Buckingham Palace announced Tuesday that Trump has accepted an invitation from Queen Elizabeth II to visit the U.K. starting on June 3, adding that he will be accompanied by first lady Melania Trump. State visits to the U.K. happen when foreign leaders are invited to visit the queen. Trump has not made an official state visit to the U.K. during his presidency, but he joined the queen for tea at Windsor


President Donald Trump will make a three-day state visit to the United Kingdom in early June. Buckingham Palace announced Tuesday that Trump has accepted an invitation from Queen Elizabeth II to visit the U.K. starting on June 3, adding that he will be accompanied by first lady Melania Trump. State visits to the U.K. happen when foreign leaders are invited to visit the queen. Trump has not made an official state visit to the U.K. during his presidency, but he joined the queen for tea at Windsor
Trump to visit the queen in state visit to the UK Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: chloe taylor, kevin lamarque
Keywords: news, cnbc, companies, state, president, trump, hosted, united, visit, visits, queen, statement, uk


Trump to visit the queen in state visit to the UK

President Donald Trump will make a three-day state visit to the United Kingdom in early June.

Buckingham Palace announced Tuesday that Trump has accepted an invitation from Queen Elizabeth II to visit the U.K. starting on June 3, adding that he will be accompanied by first lady Melania Trump.

Further details of the state visit’s itinerary will be announced in due course, the palace said in a statement issued two days after the queen’s 93rd birthday.

The U.S. president will also hold talks with British Prime Minister Theresa May during the visit.

“(The U.K. and U.S.) do more together than any two nations in the world and we are both safer and more prosperous because of our cooperation,” May said in a statement Tuesday. “The State Visit is an opportunity to strengthen our already close relationship in areas such as trade, investment, security and defense, and to discuss how we can build on these ties in the years ahead.”

State visits to the U.K. happen when foreign leaders are invited to visit the queen. They are given a ceremonial welcome by the monarch and other members of the royal family and are usually hosted at a state banquet at Buckingham Palace.

Trump has not made an official state visit to the U.K. during his presidency, but he joined the queen for tea at Windsor Castle in July.

The queen has previously hosted two state visits from U.S. presidents. Former President George W. Bush and his wife, Laura, made a state visit to the U.K. in 2003, and Barack and Michelle Obama became the second presidential couple to be hosted by the queen in 2011.

Several other U.S. presidents have visited the queen during her reign, including President John F. Kennedy in 1961 and President Bill Clinton in 1995. The queen and her husband, the Duke of Edinburgh, have also made four state visits to the United States.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: chloe taylor, kevin lamarque
Keywords: news, cnbc, companies, state, president, trump, hosted, united, visit, visits, queen, statement, uk


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

ConocoPhillips exits UK oil and gas production in huge $2.7 billion North Sea sale

ConocoPhillips on Thursday announced it has struck an agreement to sell its UK oil and gas operations for nearly $2.7 billion, setting up its exit from the North Sea. It will also continue to operate the terminal, which receives oil and gas from the North Sea fields. Earlier this year, Conoco Chief Operating Officer Matthew Fox said the company’s major portfolio restructuring was essentially complete, with the exception of the North Sea sale. The deal makes Chrysaor one of the largest producers


ConocoPhillips on Thursday announced it has struck an agreement to sell its UK oil and gas operations for nearly $2.7 billion, setting up its exit from the North Sea. It will also continue to operate the terminal, which receives oil and gas from the North Sea fields. Earlier this year, Conoco Chief Operating Officer Matthew Fox said the company’s major portfolio restructuring was essentially complete, with the exception of the North Sea sale. The deal makes Chrysaor one of the largest producers
ConocoPhillips exits UK oil and gas production in huge $2.7 billion North Sea sale Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: tom dichristopher, source
Keywords: news, cnbc, companies, chrysaor, oil, uk, gas, company, transaction, sea, conocophillips, sale, exits, north, production, huge


ConocoPhillips exits UK oil and gas production in huge $2.7 billion North Sea sale

ConocoPhillips on Thursday announced it has struck an agreement to sell its UK oil and gas operations for nearly $2.7 billion, setting up its exit from the North Sea.

The Houston-based driller will sell its ConocoPhillips United Kingdom subsidiaries for $2.675 billion to Chrysaor E&P, a company focused on producing oil and natural gas from the North Sea. The transaction is expected to close in the second half of 2019.

The deal is the largest transaction in the exploration and production space outside the U.S. this year, according to investment bank Jefferies, which acted as Chrysaor’s financial adviser.

Shares of ConocoPhillips were slightly higher in morning trading.

ConocoPhillips has been marketing the assets for several months. The company will retain its commercial trading business in London and its roughly 40% interest in the Teesside oil terminal. It will also continue to operate the terminal, which receives oil and gas from the North Sea fields.

“We are extremely proud of the legacy we’ve built in the U.K. over the last 50 years and are pleased that Chrysaor recognizes the value of this business,” ConocoPhillips Chairman and CEO Ryan Lance said in a statement. “This disposition is part of our ongoing effort to hone our portfolio and focus our investments across future low cost of supply opportunities.”

Earlier this year, Conoco Chief Operating Officer Matthew Fox said the company’s major portfolio restructuring was essentially complete, with the exception of the North Sea sale. The company earned nearly $1.1 billion on dispositions in 2018.

The deal makes Chrysaor one of the largest producers in the UK North Sea.

Chrysaor will pick up offshore assets that produced about 72,000 barrels of oil equivalent per day. That increases its pro forma 2018 output to about 177,000 boepd of oil and gas. The company will take control of two major offshore production hubs, Britannia and J‐Block, and ConocoPhillips’ stake in the Clair Field area.

“This significant acquisition reflects our continuing belief that the UK North Sea has material future potential for oil and gas production,” Chrysaor CEO and former Hess executive Phil Kirk said in a statement.

The transaction continues a trend of major oil companies exiting the North Sea and placing the region in the hands of private equity-backed independent drillers.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: tom dichristopher, source
Keywords: news, cnbc, companies, chrysaor, oil, uk, gas, company, transaction, sea, conocophillips, sale, exits, north, production, huge


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post