Premier completes Babbage sale to Verus, Spirit becomes operator
Premier Oil has completed the sale of its interests in the Babbage Area and nearby Cobra discovery in the North Sea to Verus Petroleum.
Verus
Oil firms active as Aberdeen office lettings pick up in 2018
Office lettings in Aberdeen nearly doubled in number during the first nine months of 2018, new figures from Savills show.
‘Flights to quality’ helping to keep office market buoyant
Office take-up in Aberdeen totalled 90,647sq ft during the second quarter of 2018, according to international property firm Savills.
Verus to acquire 17% Alba interest from Statoil
Verus Petroleum has announced a deal to acquire a 17% stake in the North Sea Alba field from Statoil.
Premier announces deal to sell SNS Babbage area interests for up to £63million
Premier Oil has announced a deal to sell its assets in the Babbage Area in the southern North Sea to Verus Petroleum for up to £62.9million.
HitecVision restructures Apply following £37.5m investment
Norwegian private equity fund HitecVision has restructured oil service group Apply after more than doubling its stake through a £37.5million investment.
Verus banks $150million lending facility
An independent oil and gas firm has raised £120million in a fresh lending package with a South African bank as it completes a deal to buy up North Sea assets
Cluff agrees North Sea licensing deal with Verus
Cluff Natural Resources has signed a deal with Verus Petroleum acquire a quarter share in three licences in the Central North Sea and the Moray Firth.