Petrofac has doubled the size of its offshore wells portfolio in the UK North Sea after winning a new contract with Neo Energy.
It was an interesting year for deal-making in 2019, despite political and economic challenges.
As some of the North Sea’s private equity-backed players prepare themselves for public listings, 2020 is expected to be a “big year” for gauging the size of investors’ appetites.
Bids to buy North Sea producer Siccar Point Energy have come in at between $1.2bn and nearly $2bn, according to a news report.
North Sea operator Neo Energy has given £2.5million in funding to a leading research and training body for the UK energy sector.
HitecVision and its majority owned portfolio firm Point Resources are to acquire American supermajor ExxonMobil's upstream business in Norway.