HitecVision renegotiates purchase of Total's North Sea assets, seeks more
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LONDON (Reuters) - Private-equity group HitecVision's NEO business has renegotiated its deal to buy British North Sea oilfields from Total , with Omani partner Petrogas dropping out and the French seller providing financial help, Hitec said on Wednesday.The transaction is the second large oil and gas deal to be revised in the wake of this year's oil price slump after BP delayed some payments to, and received vendor financing from, Hilcorp last month.Typically vendor financing means financial..