Energean seeks lower price for Edison assets after Neptune exits
Share:
(Reuters) - Energean Oil & Gas said on Tuesday it seeks to renegotiate its acquisition of Edison's upstream portfolio after its plan to immediately sell on Edison's North Sea assets to Neptune Energy fell through.Energean is the latest in a string of oil and gas companies to seek a lower price for an acquisition agreed before the oil price collapsed by around two-thirds in the first quarter.Private equity-backed gas producer Neptune said in March it would cut its budget for development..