VNG to evaluate options for its Norwegian E&P business

As widely expected, VNG's owner EnBW is looking for a partner or buyer for its E&P business VNG - full press release below. As part of VNG Group’s strategic programme “VNG 2030+”, VNG – Verbundnetz Gas Aktiengesellschaft (VNG AG) will explore strategic options for its oil and gas exploration and production business in Norway and Denmark, VNG Norge AS (“VNG Norge”). As VNG AG sees long term value creation potential in the E&P-business,...

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Apache divesting international assets? A hard one!

On 31 July 2014, Apache announced its Q2 2014 resultsApache said it was looking to exit its Canadian LNG positions and was considering options around its international assetsThis comes amidst Jana Partners, a hedge fund which recently picked up c.USD1bn of shares in Apache, wrote to investors arguing that Apache should focus its efforts on the North American onshoreReasoning behind this is that over the last few years, a number of North American...

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