Thread regarding Chevron Corp. layoffs

Delek buying CUE?

According to google today it looks like our UK friends are moving to Delek

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Post ID: @OP+YJIwpyX

9 replies (most recent on top)

Not strictly true...they have owned Ithaca, a relatively small player for a while now. Incremental experience will come as part of the purchase....

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Post ID: @Fxgl+YJIwpyX

Delek is an Israeli firm with zero upstream experience. Good luck with that.

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Post ID: @Btzc+YJIwpyX

Told u a while back it would be Delek!

Hopefully good news for investment into the assets and increased drilling activity in the UK North Sea.

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Post ID: @Bfgr+YJIwpyX

Ithaca/Delek it is according to today's media.

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Post ID: @Agnz+YJIwpyX

From a colleague of mine there seems to have been a flurry of information at the start of the process and virtually nothing for many months now. Supposedly between Delek (Israeli) and Ineos (UK) for acquiring CUE

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Post ID: @nryl+YJIwpyX

That seems weird - shouldn't they be briefing the employees on every aspect of the negotiation with the potential buyer? How else can employees plan ahead?

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Post ID: @eaar+YJIwpyX

It's all went so quiet regarding the UK North Sea Asset sale. Anyone heard any news. Was speaking to an Aberdeen colleague this week and they are being kept in the dark about it. Only thing they have seen is in the media like all of us..

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Post ID: @egwd+YJIwpyX

Still no word of a deal for the UK North sea business unit?

Anyone heard when this may be done and if it is definitely Delek who are the preferred bidder?

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Post ID: @8uwr+YJIwpyX

I would expect to see an announcement on this in the coming week.. keep your eyes peeled 😄

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Post ID: @5aky+YJIwpyX

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