Updated: Neo Energy enters exclusive talks with ExxonMobil over North Sea portfolio
Oil and gas firm Neo Energy has entered into exclusive negotiations over the purchase of ExxonMobil's UK central and northern North Sea portfolio.
Verus Petroleum
Equinor finance chief to take up the reins at Neo Energy
Exploration and production firm Neo Energy, of Aberdeen, will replace one mergers and acquisitions (M&A) specialist with another at the top of its management ladder.
Rise and shine for Curran’s new firm
An oil and gas industry veteran is getting ready to put his “shoulder to the wheel” in the search for funding for his latest North Sea venture.
North Sea operator Neo Energy pledges £2.5million to UK research body
North Sea operator Neo Energy has given £2.5million in funding to a leading research and training body for the UK energy sector.
HitecVision merges North Sea firm Verus with Neo Energy
Norwegian private equity fund HitecVision has decided to merge its two UK North Sea businesses, sparking the exit of Aberdeen-based Verus Petroleum's boss.
Verus Petroleum toasts ‘transformational’ 2018 as profits increase six-fold
Verus Petroleum has toasted a “transformational year” as it saw profits increase six-fold in 2018.
Need for growth could be ‘catalyst’ for North Sea deals
The need for newer North Sea players to grow could be a “catalyst” for more M&A deals this year, according to an investment banker.
Verus Petroleum put up for sale, report says
Norwegian private equity fund HitecVision has reportedly put its UK North Sea oil production firm up for sale.
Private equity is ‘force for good’, says Verus boss
The oil and gas industry needs to ditch negative perceptions of private equity (PE) and get to grips with reality, a top North Sea executive said.
‘New phase’ for Verus Petroleum after spate of North Sea deals
Aberdeen-based Verus Petroleum has said it is moving to the “next phase” of growth after a 12-fold increase in its oil and gas production.
Updated: Verus Petroleum in £300m North Sea acquisition
Aberdeen-based Verus Petroleum has announced the latest private-equity-backed swoop for a package of North Sea assets.
ONS 2018: Private equity start-ups are ‘shaking up’ North Sea, Woodmac report
Private equity start-ups are causing a stir in the North Sea, a new report said.
Ithaca sells Wytch Farm oil field stake for £38m
Aberdeen-based oil firm Ithaca Energy has agreed to sell licences containing the onshore UK Wytch Farm field for £38million.
Premier Oil right to take Verus’ Wytch farm offer and move on, analysts say
Premier Oil’s sale of its stake in the Wytch farm field is a “good deal” that will help lower the company's debts, analysts have said.
Parkmead completes North Sea acquisition
Aberdeen-based firm Parkmead Group has completed a deal to buy Verus Petroleum out of a North Sea licence.
Parkmead doubles stake in southern North Sea field
Parkmead Group has struck a deal to double its stake in a southern North Sea gas basin licence.
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
Verus trebles production with £multi-million Maersk deal
Verus Petroleum has gone back on the acquisition trail by upping its stake in a North Sea field in a deal thought to be worth tens of millions of pounds.