AUSTRALASIA

Chinese sell out of Cliff Head

AFTER months of denials Fosun International has confirmed it will sell its stake in Cliff Head, the only offshore oil field in the Perth Basin, to its junior partner Triangle Energy and private consortium Royal Energy.

Haydn Black

Cliff Head

Triangle and Royal will split Fosun's 42.5% stake in half, meaning Triangle will emerge with a majority 78.75% stake in the mature asset. "We're taking the view that the worst of the oil price is...

Start a free trial to continue reading this article

Already have an account? Sign in here

Subscribe now

POLICY

NOPSEMA puts up its prices for regulatory services

GLOBAL

Pacific island minister slams Australia's fossil fuels record

OPERATIONS

APA completes $300M capital raising

ENERGY TRANSITION

Coal-fired Callide B power station could stay open if LNP elected

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.