Parkmead finally nears drilling decision on Skerryvore in UK North Sea
Parkmead has said it is nearing a drilling decision on its Skerryvore field in the UK North Sea.
NEO Energy
Former Equinor exploration boss joins NEO Energy
HitecVision-backed New European Offshore (NEO) Energy has appointed an oil and gas heavy hitter to its board of directors.
Hibiscus moving on ‘accelerated schedule’ for Teal West project in North Sea
Anasuria Hibiscus and partner NEO Energy are moving forward with plans for the Teal West project in the UK North Sea on an “accelerated schedule”.
‘Uptick’ in North Sea IPOs forecast with high oil and gas prices on course to continue
North Sea initial public offerings (IPOs) could be back on the menu with healthy oil and gas prices tipped to continue for much of 2022.
Waldorf in talks for $1bn deal for ONE-Dyas oil and gas assets
North Sea focused Waldorf Production has started exclusive talks to buy the assets of Dutch oil and gas company ONE-Dyas BV, according to people familiar with the matter.
Petrofac bags five-year UK well management deal with NEO Energy
Petrofac has landed a five-year well management contract extension with NEO Energy, covering five offshore fields in the UK North Sea.
NEO Energy completes billion-dollar ExxonMobil acquisition amid ongoing OGA probe
NEO Energy has completed its long-running acquisition of a portfolio of assets in the central and northern North Sea from ExxonMobil.
Exclusive: BP acquires JX Nippon stakes in North Sea Andrew Area
BP has agreed to buy the stakes of JX Nippon in the ageing Andrew Area in the North Sea, confirming its intent to see the asset through decommissioning.
NEO Energy to buy JX Nippon UK assets in £1.2billion deal
NEO Energy is buying JX Nippon E&P UK, the British business of Japan's ENEOS holdings, for £1.2billion in the latest of a string of North Sea acquisitions.
Ithaca submits Fionn and Causeway decommissioning plans
Ithaca Energy has submitted draft plans for the decommissioning of subsea infrastructure at the Fionn and Causeway fields as part of a joint campaign.
OGA opens investigation into billion-dollar Exxon, NEO Energy deal
The industry regulator has opened an investigation into the proposed sale by Esso of 13 producing fields to NEO Energy.
First gas reached at NEO Energy’s Covid-delayed Finlaggan field
NEO Energy has started gas production at the Finlaggan field in the Central North Sea, following a year of Covid-related delays.
Neo Energy completes acquisition of Zennor Petroleum
Neo Energy has completed its acquisition of private-equity backed Zennor Petroleum, solidifying its position as one of the UKCS’ largest producers.
NEO Energy on the rise after losses on oil price and Western Isles impairment
NEO Energy has said it has “rapidly expanded” since the oil price crash brought it down to losses in its first full year of trading.
‘Traumatic year’ sees North Sea operators hand back up to 1.1bn barrels of oil
North Sea operators have handed back up to 1.1 billion recoverable barrels of oil from UK fields, according to data released by the Oil and Gas Authority (OGA).
Pinsent Masons appoints prolific dealmaker to top oil and gas role
Law firm Pinsent Masons has appointed renowned dealmaker Rosalie Chadwick as its new global head of oil and gas.
NEO Energy looking to electrification as part of carbon reduction drive
North Sea oil firm NEO Energy said today it would strive to cut the carbon intensity of its production operations in half by 2030.
Petrofac ‘thrilled’ after netting contract extension with Neo Energy
Energy service firm Petrofac today announced the award of a one-year extension to its integrated services contract with North Sea operator Neo Energy.
Tackling the information and systems challenges of acquisitions
Asset transfers can be complex from an information and technology perspective but can be the springboard for innovation, as well as delivering the expected productivity. The critical path is for the transfer of services agreement, safety case, readiness and transition of operations. This article highlights the types of transfer, the issues we face and Sword’s tried and tested approach to dealing with them.
North Sea M&A: Dealing with the ‘what ifs’ key to a smooth transaction
At the start of the new tax year, we explore the financial landscape of the energy sector.
A new M&A wave for upstream E&P – could it be the final wave?
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.
Decommissioning bill for NEO – Exxon UK assets estimated at $1.1billion
The decommissioning bill for NEO Energy’s newly-acquired Exxon Mobil assets in the UK has been estimated at $1.1billion (£795m).
Neo Energy looks to redevelop Affleck field in ‘opportunity rich’ North Sea
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”.
UK North Sea one of ‘hottest’ M&A markets globally, Wood Mackenzie analyst says
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 swoops for Zennor Petroleum in £450m deal
Neo Energy has continued its acquisition spree with a £450 million swoop for fellow private-equity backed North Sea oil firm Zennor Petroleum.