ExxonMobil agrees sale of UK North Sea assets to NEO in $1billion deal
ExxonMobil has agreed to sell a package of UK northern and central North Sea assets to NEO Energy in a deal worth more than $1billion (£707.3m).
NEO Energy
UK offshore market expecting rebound ‘over the next 24 months’ – Westwood
The next 24 months will see a “rebound” in work for the UK North Sea, according to Westwood Global, with a clutch of offshore projects for contractors to keep an eye on.
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.
HitecVision ’emerging as frontrunner’ to buy ExxonMobil UK North Sea assets
HitecVision AS is emerging as the frontrunner to acquire Exxon Mobil Corp.’s oil assets in the U.K. North Sea, according to people familiar with the matter.
Total holds the dividend, cuts debt
Total has reported adjusted net income of $848 million, with an organic cash breakeven below $25 per barrel.
‘The valuations for E&P companies on the stock market are not very attractive’ – could we see more North Sea reverse takeovers?
The reverse takeover model could become more of a permanent fixture in the North Sea in the coming years as more private-equity (PE) backed operators look to go public.
EnQuest, Sinopec ‘among bidders’ for ExxonMobil UK North Sea oil and gas fields
ExxonMobil's UK North Sea assets have attracted suitors from state-owned companies to private equity-backed firms as the US oil giant seeks to exit the aging region altogether, according to people with knowledge of the matter.
Neo Energy completes revised UK North Sea deal with Total
Neo Energy, of Aberdeen, has completed the revised acquisition of a package of UK North Sea oil and gas fields from Total.
Petrofac doubles UK wells with Neo Energy contract
Petrofac has doubled the size of its offshore wells portfolio in the UK North Sea after winning a new contract with Neo Energy.
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.
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.
Neo in revised deal for Total UK North Sea package as Petrogas exits
Omani firm Petrogas has withdrawn from a deal to buy a package of UK North Sea assets from Total, clearing the way for partner Neo Energy to complete the transaction.
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.
Office market has ‘strong’ start in Q1
New research by global property giant CBRE has revealed a healthy start to 2020 for the office market in and around Aberdeen.
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.
Petrofac wins £38m UK North Sea contract with new joint venture
Petrofac has clinched a two-year deal to provide £38 million worth of services for a new UK North Sea joint 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.