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.
Babbage
Fraser Well Management secures first production well operatorship appointment
Well engineering and project management specialist Fraser Well Management (FWM) has assumed the production well operatorship of six SNS development wells, this appointment marks the launch of a new product line for the company.
ODE achieves duty holder milestone on Babbage installation
ODE Asset Management (ODE) is delighted to confirm that it has secured a contract from NEO Energy (NEO) for the Babbage Field in the Southern North Sea.
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.
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.
Spirit Energy to take over Babbage operatorship
Spirit Energy has agreed to take over as operator of the Babbage field and the nearby Cobra discovery in the North Sea.