Hess Sells Off Denmark Oil Assets ...Middle East

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Hess Sells Off Denmark Oil Assets
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Danish oil is attracting attention as INEOS agrees to purchase Hess Corp’s stake in two oil fields within EU producer Denmark.  INEOS has agreed the purchase of U.S. oil firm Hess' subsidiary Hess Denmark at a value of $150 million and aims to boost Danish production prior to the country’s planned termination of its oil production by 2050.   INEOS Energy, which currently works in Denmark’s Siri field, will acquire the remaining 61.5 percent of the Hess-operated Syd Arne oilfield and a 4.8 percent stake in the Solsort…

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