Ineos closes full acquisition of Hess Denmark

By taking over Hess Denmark ApS for a price of USD 150m, Ineos becomes sole operator of North Sea field Syd Arne in a move meant to support the British group's CCS ambitions in the Scandinavian country.

BY VICTOR EMIL KRISTENSEN, TRANSLATED BY DANIEL FRANK CHRISTENSEN

Big transactions involving Danish North Sea oil and gas assets are becoming fewer and far between, making British oil and chemical outfit Ineos Energy's takeover of Hess Corporation's Danish subsidiary for price of USD 150m something of an oddity.

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