Oil and gas seen as ‘devil incarnate’ complains North Sea dealmaker
Oil and gas firms are being framed as the “devil incarnate” as general election rhetoric ramps up, a top North Sea dealmaker has complained.
Andrew Austin
Benriach to spud in Q2, Kistos confirms
Kistos (AIM:KIST) has confirmed plans by TotalEnergies to spud its much-anticipated Benriach well in Q2 of 2023, while a final decision on Glendronach is to be further delayed.
Serica, Kistos call off £1bn merger after rival takeover bids
North Sea producers Serica Energy (LON: SQZ) and Kistos (LON: KIST) have confirmed neither party will make a final offer on the other, drawing a line under a series of takeover bids.
Serica Energy rejects updated £1.15bn bid from North Sea rival Kistos
Serica Energy (LON: SQZ) has knocked back a new cash and share-for-share bid from rival Kistos (LON: KIST) worth £1.15 billion, which may replace Mitch Flegg as CEO.
Who is Andrew Austin? North Sea dealmaker targeting Serica Energy
Andrew Austin has a track record of dealmaking in the North Sea and has now set his sights on independent Serica Energy (LON: SQZ).
Serica Energy denounces ‘unattractive’ bid from Kistos
Serica Energy (LON: SQZ) has issued a lengthy statement denouncing the bid from smaller rival Kistos (LON: KIST) as “significantly undervaluing” the company.
Kistos enters UK North Sea with acquisition of stake in West of Shetland assets
Kistos Energy, former RockRose Energy CEO Andrew Austin’s latest venture, has completed the acquisition of a stake in a package of West of Shetland assets.
Kistos looks to take ‘full advantage’ of profits levy incentives for North Sea investment
The chairman of Kistos has said it intends to take “full advantage” of the government’s new North Sea investment incentives as it looks to new opportunities in the basin.
TotalEnergies sells partial West of Shetland stake to Kistos in £123 million deal
TotalEnergies has agreed to sell a 20% stake in a package of West of Shetland assets to Kistos Energy in a deal worth more than $165 million (£123 million).
Kistos confirms move for TotalEnergies West of Shetland assets
Kistos (LON: KIST) has confirmed it is bidding to acquire assets being put on sale by TotalEnergies in the West of Shetland.
Andrew Austin’s Kistos spuds North Sea well
Andrew Austin's new venture Kistos has successfully drilled a North Sea well.
Kistos makes dual board appointments, Andrew Austin to step down as interim CEO
North Sea firm Kistos (LON: KIST), Andrew Austin’s new venture, has made dual appointments to its board of directors.
Andrew Austin’s Kistos hits losses of £4m following Tulip takeover
Entrepreneur Andrew Austin’s energy investment company Kistos hit pre-tax losses of €5.2 million (£4.3m) in its maiden set of results following its takeover of Tulip Oil Netherlands.
Andrew Austin’s Kistos kicks of 2021 North Sea drilling campaign
London-headquartered energy sector firm Kistos has kicked off its drilling campaign for 2021.
Former RockRose CFO rejoins Andrew Austin at Kistos
The former chief financial officer (CFO) at RockRose Energy has rejoined Andrew Austin in the same role at his new venture Kistos.
Kistos target Tulip takes aim at short-term debt
New Kistos acquisition, Tulip Oil Netherlands (TON), has taken steps to target its short-term debt.
Andrew Austin’s Kistos clinches maiden acquisition
Entrepreneur Andrew Austin’s new energy sector investment company Kistos has clinched its maiden acquisition for an initial £190 million.
Andrew Austin’s new venture Kistos looks to raise £32m via imminent AIM listing
Entrepreneur Andrew Austin’s new energy sector investment company expects to raise £31.75 million via its initial public offering, slated for this week.
EV Out Loud: Austin powers back, steroids for microbes, and heartbreak in Uganda
On this week’s episode, in association with Fasken, the team looks at the return of RockRose Energy founder Andrew Austin to the North Sea fold, after he sold up his former firm for nearly £250m earlier this year.
RockRose founder Andrew Austin makes North Sea return with new company
Andrew Austin is making his North Sea return with a new investment company, aimed at buying up UK assets, after selling RockRose Energy.
RockRose Energy slashes spending and cuts number of North Sea wells for 2020
RockRose Energy has slashed spending for 2020 by more than £80m in response to the Covid-19 outbreak and cut the number of UK wells it will participate in.
Rockrose Energy completes development well at West Brae
Oil and gas company Rockrose Energy has announced the completion of the first of two infill development wells at West Brae.
RockRose ousted from Brae operator role after partners raise ‘serious concerns’
RockRose Energy has lost control of its only operated platforms in the UK North Sea after three partner companies raised “serious concerns” in court about its ability to run the assets.
RockRose Energy starts ‘significant period of development’ with West Brae wells
RockRose Energy has said it is beginning a “significant period of development activity” over the next year, starting with its West Brae field.
Profits surge at RockRose Energy in six months before Marathon takeover
RockRose Energy saw a 449% boost in earnings for the first six months of the year – before completing its takeover of Marathon Oil’s UK assets.