The boss of a North Sea independent producer in the process of buying assets from Shell (LON:SHEL) and Exxon (NYSE:XOM) has hit back at claims he forged documents to steal millions from a previous employer.
Independent North Sea operator Viaro Energy will take full ownership of Shell and ExxonMobil assets in the Southern North Sea.
The CEO of a North Sea gas company has said his team was “days away” from issuing key contracts when Labour’s promise of a “proper windfall tax” sparked job cuts.
A North Sea player has unveiled a raft of job cuts due to fiscal uncertainty in the UK over the windfall tax.
Hartshead Resources warns of the risk of a "flight of capital to other jurisdictions" due to Labour Party comments on the windfall tax.
Viaro Energy signs agreement with startup Newcleo to assess using nuclear power for existing and future North Sea assets
Viaro Energy previously held a 50% stake in the P2539 licence after it acquired Spark Exploration last year.
Hartshead Resources (ASX:HHR) has announced a deal for a 'financing backstop' worth A$800 million (£415m) to progress the first phase of the Anning and Somerville developments in the North Sea
Francesco Mazzagatti called for the UK to develop a more coherent energy transition policy inclusive of oil and gas producers.
Hartshead Resources says survey work has been completed on the route of a proposed gas pipeline for its southern North Sea development, with engineering work to be awarded next year.
The move casts doubt over i3 Energy's "Serenity" prospect, which was hoped to be unitised with Tain.
With interests in more than 30 fields in the North Sea, Viaro Energy has quickly established itself as a household name on the UK Continental Shelf. Pursuing a strategy of targeted M&A opportunities, the company has consistently capitalised on unfavourable market conditions through continuous investments in both exploration and production assets, made more affordable by the accompanying economic downturn.
Viaro Energy has agreed to buy the majority stake in a series of North Sea fields from Hartshead Resources (ASX: HHR) in a "landmark" A$196.3m (£105m) deal.
Viaro Energy has explained its decision to offload its interest in a West of Shetland field, thought to still hold vast oil reserves.
A permanent feature of the West of Shetland for many years, the Foinaven vessel recently left the namesake BP field for the last time.
Andrew Austin has a track record of dealmaking in the North Sea and has now set his sights on independent Serica Energy (LON: SQZ).
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.
Shareholders look set to lose their entire investment in Hague and London Oil (HALO) as the southern North Sea-focused explorer and producer is wound up.
Repsol Sinopec Resources UK (RSRUK) has confirmed a worker has tested positive for Covid-19 on board a North Sea production ship.
A company which bought stakes in the Taqa-operated Brae Area for just 75pence last year has now defaulted on its decommissioning liability.
Viaro subsidiary RockRose Energy has completed its acquisition of interests in several producing assets in the UK North Sea from energy company SSE.
Spirit Energy has found more gas at Grove, "significantly" extending the life of the southern North Sea field.
London-headquartered energy sector firm Kistos has kicked off its drilling campaign for 2021.
The former chief financial officer (CFO) at RockRose Energy has rejoined Andrew Austin in the same role at his new venture Kistos.
At the start of the new tax year, we explore the financial landscape of the energy sector.