Norwegian private equity firm HitecVision is weighing options for UK oil and gas producer NEO Energy, including a potential sale, according to people with knowledge of the matter.
Revenues at the North Sea operator surged more than four-fold to $3.6bn.
Flotation talks up Cenos and Green Volt; its next towering North Sea floating wind projects, and how it intends to ensure UK ports are involved.
M&A specialist Russ Alton is out, project manager Paul Harris is in.
Private-equity backed Havfram Subsea has named its new managing director for the company’s UK operation.
A leading North Sea contractor has split in two as it looks to maximise opportunities in different energy markets.
Var Energi (OSLO: VAR) has warned of a production drop and a $260 million exchange rate hit in its upcoming Q3 results.
With conflict in Ukraine and sanctions on Russia continuing to exacerbate supply issues, rising energy prices are fuelling new opportunities for private equity in the European oil and gas industry.
Sval Energi has signed an agreement to acquire Suncor Energy’s Norwegian business, as the Canadian group looks also to sell off its UK assets amid a pull back from the North Sea.
“Trust” is the theme of this year’s ONS conference, Stavanger’s biennial mecca for the offshore energy industry.
Eni is to offload its stakes in the 3.6GW Dogger Bank offshore wind project to its Norwegian clean energy venture Vårgrønn.
Following a tumultuous two years since the first Covid-19 lockdown in the UK, the now much-changed energy sector remains an attractive proposition for both global investors and trade players. Many of these are looking to get ahead of the curve of the much publicised transition to sustainable energy sources.
An initial public offering (IPO) is to be launched for Norwegian operator Var Energi, ownership partners Eni and HitecVision have announced.
Private equity took a keen interest in the UK North Sea in 2021, with £2.4 billion worth of deals for the country’s oil and gas industry.
The industry regulator has opened an investigation into the proposed sale by Esso of 13 producing fields to NEO Energy.
Neo Energy has completed its acquisition of private-equity backed Zennor Petroleum, solidifying its position as one of the UKCS’ largest producers.
Private equity player HitecVision has said the North Sea is “anything but mature” as it looks towards major investments in the UK sector.
Equinor has solidified its position as one of the frontrunners in floating offshore wind with a new collaboration agreement.
Energy service firm Petrofac today announced the award of a one-year extension to its integrated services contract with North Sea operator Neo Energy.
At the start of the new tax year, we explore the financial landscape of the energy sector.
A year on from being hit by some of the biggest challenges the upstream exploration and production (E&P) sector has faced and so far in 2021, we have seen a greater volume of disclosed North Sea deal value than in the whole of 2020.
Neo Energy intends to make a call on the redevelopment of the Affleck field in the UK central North Sea “in the next few months”.
The blockbuster start to 2021 made by UK North Sea buyers looks set to continue with a further £3.6 billion of assets potentially changing hands by year-end, an analyst has said.
Neo Energy has continued its acquisition spree with a £450 million swoop for fellow private-equity backed North Sea oil firm Zennor Petroleum.
NEO Energy plans to continue its growth spurt after announcing a billion-dollar deal to acquire ExxonMobil assets in the North Sea.