Ranger Oil expected to demerge

Ranger Oil, a Canadian company listed in London, is expected to demerge or sell its oil assets in the central and northern sectors of the North Sea – including the Kyle field that it operates – to head off a hostile bid from a smaller Canadian rival, Petrobank Energy & Associates.

Ranger Oil, a Canadian company listed in London, is expected to demerge or sell its oil assets in the central and northern sectors of the North Sea – including the Kyle field that it operates – to head off a hostile bid from a smaller Canadian rival, Petrobank Energy & Associates.