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.
Zennor Petroleum
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.
‘Sunrise, not sunset’: HitecVision looks to Penguins and Britannia investments in North Sea
Private equity player HitecVision has said the North Sea is “anything but mature” as it looks towards major investments in the UK sector.
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.
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.
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.
Climate crisis: Investors weigh up impact on oil and gas
As oil and gas faces a rise in climate activism, ESG concerns, and the need to raise its own profile as a pillar of the energy transition, investors are weighing the impact.
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.
Zennor goes ‘carbon neutral’ ahead of first gas from flagship North Sea field
North Sea minnow Zennor Petroleum claims to have become one of the first UK operators to go “carbon neutral” as first gas from its flagship Finlaggan field beckons.
Oil and gas leopards changing their spots to focus on investor returns
More oil and gas firms are “pivoting” their business models towards shareholder returns and away from high risk and reward exploration, an analyst has said.
Schlumberger boss says Covid a ‘good test’ as end of Brexit transition period looms
A boss at Schlumberger has said Covid-19 was a “good test” for the oilfield service giant as it “braces” itself for the end of the Brexit transition period.
Private-equity backer’s exit options the same as they’ve always been, Zennor boss says
Zennor Petroleum’s boss has said the private-equity-backed oil and gas company is “sitting comfortably” in spite of the Covid-19 pandemic and commodity price drop.
Chrysaor cuts spending plans by 30% as Covid delays North Sea hub projects
Chrysaor, the North Sea's largest net producer, has cut spending plans by 30% in response to the Covid-19 pandemic, bringing delays to growth projects.
Torrid times in the North Sea may favour private equity
It is hard to know where to begin when describing the scale of the crisis gripping Big Oil.
Private-equity firm to assess case for powering North Sea rigs with floating wind
A private-equity firm with stakes in North Sea firms has pledged to explore using floating offshore wind to power oil platforms.
Oil firms will team up to deliver 200m barrels from North Sea
A group of oil and gas firms have joined forces to plan the delivery of more than 200 million barrels from the outer Moray Firth.
North Sea parents could be looking to cash in
The owners of two North Sea oil companies could be looking to cash in on their investments.
Zennor pushing forward with new central North Sea gas projects
Zennor Petroleum is “pushing forward” with plans for two more central North Sea projects which would follow on from the firm’s Finlaggan development.
Skua project sanction on the cards for BP, Zennor next year
BP is progressing towards a final investment decision (FID) for the redevelopment of a field in the central North Sea.
Ancala wins multi-million pound contract for Zennor Petroleum’s Finlaggan field
Anacala Midstream has won a multi-million pound contract to process gas from Zennor Petroleum’s Finlaggan field in the North Sea.
Zennor hails ‘key step’ as it completes test drilling at Finlaggan
Zennor Petroleum has reached a “key step” towards first production at its Finlaggan field in the North Sea.