Canadian operator Gran Tierra sells North Sea business to NEO Energy
Gran Tierra holds a 100% interest in the Serenity Discovery in the UKCS
NEO Energy
EVOL: Neo Next speculation, Kistos’ island plans, and HAR2 just has to be good
This week we got further updates on the Neo Energy and Repsol tie-up, Kistos' full year results for 2024 and the results of HAR 2.
‘Hundreds of millions in tax’ to be saved due to Neo and Repsol-style deals
Tax savings worth hundreds of millions for North Sea oil and gas companies are a key driver of deals like Repsol and Neo Energy, alongside delivering the benefits of more scale and diversity and opportunities for cost consolidation.
North Sea merger mania: is ‘the writing is on the wall’?
Recent transactions have hinted of a new shape taking place based on current commercial realities and around three key North Sea fields.
NEO Energy seeks contractors for Donan, Balloch and Lochranza decommissioning
NEO Energy has released five tenders seeking contractors to help decommission its Donan, Balloch and Lochranza fields, along with the Global Producer III floating production offloading and storage (FPSO) vessel.
North Sea operators NEO Energy and Repsol to merge UK operations
Oil and gas producers NEO Energy and Repsol Resources UK have announced a "strategic merger" across their North Sea operations.
Dana Petroleum cancels Western Isles FPSO purchase
Dana Petroleum has terminated an agreement with NEO Energy to purchase the Western Isles floating, production, storage and offloading (FPSO) vessel.
NEO Energy management ‘clear out’ earlier than expected, analyst
A string of senior business leaders will be leaving private equity-backed NEO Energy the firm announced on Tuesday.
NEO Energy senior leadership steps down
Aberdeen-based NEO Energy's chief executive, Paul Harris, and chief technical officer Martin Rowe have announced they will be stepping away from the firm.
The North Sea semisub market may seem buoyant, but looks can be deceiving
The North Sea semisubmersible (semisub) market hit 100% utilisation at the height of summer this year, however the reality is that shrinking supply has accentuated this, rather than soaring demand.
NEO Energy to ‘slow down investment’ in light of government changes
NEO Energy, and its 100% owner HitecVision, have announced that they are slowing down investment activities due to UK fiscal and political instability.
Pictures: Western Isles FPSO arrives in Orkney
NEO Energy’s Western Isles FPSO has been spotted arriving at Orkney Harbour ahead of its work at the Greater Buchan Area redevelopment.
EVOL: Repsol ponders, Prax strikes and a biofuel pause
The rumour mill has kicked into overdrive amid discussion that Repsol is considering the acquisition of NEO Energy, even while politics has overshadowed the energy sector. While some companies are moving away from the North Sea, others are choosing to stick it out, Ryan explains, on the basis that it can’t get any worse.
NEO merger would fit Repsol ‘quite nicely,’ says analyst
A rumoured tie-up between Repsol and NEO Energy would be a good fit for the Spanish firm which has one of the biggest decommissioning liabilities in the North Sea, an analyst has said.
Buchan start date pushed back as general election called
Jersey Oil and Gas (LON:JOG), a partner in the Buchan project, has confirmed that first oil will now come in 2027 following the call for a UK general election.
NSTA reveals winners of latest North Sea licensing round
The third tranche of the 33rd offshore licensing round sees 19 companies awarded North Sea licences
NSTA fines NEO Energy £100k for breaching venting consents
The North Sea Transition Authority (NSTA) has fined NEO Energy £100,000 breaching its combined vent consent for the Donan/Dumbarton, Lochranza and Balloch fields.
‘Definite potential’ for NEO acquisition but ‘risk’ to buyer
As rumours of Aberdeen’s NEO Energy going up for sale circulate, analysts say “there's definite potential there but this does come with risk”.
Talbot, Affleck subsea works to begin this month
Subsea works will get underway at Talbot within weeks, as Harbour tips first oil from the field in September.
HitecVision is said to weigh options for UK North Sea oil producer NEO
Norwegian private equity firm HitecVision is weighing options for UK oil and gas producer NEO Energy, including a potential sale, according to people with knowledge of the matter.
Serica completes Greater Buchan Area farm-in
Serica Energy (LON:SQZ) has completed its acquisition of a 30% non-operated interest in the Greater Buchan Area (GBA) redevelopment from Jersey Oil and Gas (LON:JOG).
‘Should they stay or should they go?’ More North Sea exits predicted in 2024
Analyst firm Wood Mackenzie has predicted more firms could exit the UK North Sea in 2024.
Buchan: NEO hits milestone on UK’s third-largest upcoming oil and gas project
Operator NEO Energy submits environmental statement for Buchan redevelopment in Moray Firth.
Dana warned by HSE over training and supervision at Western Isles
Safety inspectors have ordered Dana Petroleum to improve practices on its Western Isles vessel over concerns control room staff are not suitably trained to work unsupervised.
‘Pivotal’ work on Western Isles FPSO is happy landing for Apollo
The Aberdeen firm has won a multi-million-pound North Sea deal from Neo Energy.