Survey complete, Hartshead plans tender for SNS pipelines work
Hartshead Resources says survey work has been completed on the route of a proposed gas pipeline for its southern North Sea development, with engineering work to be awarded next year.
RockRose Energy
Repsol Sinopec cancels Tain North Sea project, blow to i3’s ‘Serenity’
The move casts doubt over i3 Energy's "Serenity" prospect, which was hoped to be unitised with Tain.
Transforming UK energy security in the transition: Viaro Energy and the role of independent producers
With interests in more than 30 fields in the North Sea, Viaro Energy has quickly established itself as a household name on the UK Continental Shelf. Pursuing a strategy of targeted M&A opportunities, the company has consistently capitalised on unfavourable market conditions through continuous investments in both exploration and production assets, made more affordable by the accompanying economic downturn.
Viaro strikes £105m deal for series of Hartshead UK North Sea fields
Viaro Energy has agreed to buy the majority stake in a series of North Sea fields from Hartshead Resources (ASX: HHR) in a "landmark" A$196.3m (£105m) deal.
Foinaven divestment to BP a win-win for both sides, says Viaro boss
Viaro Energy has explained its decision to offload its interest in a West of Shetland field, thought to still hold vast oil reserves.
The FPSO is away, but will the BP Foinaven field be redeveloped?
A permanent feature of the West of Shetland for many years, the Foinaven vessel recently left the namesake BP field for the last time.
Who is Andrew Austin? North Sea dealmaker targeting Serica Energy
Andrew Austin has a track record of dealmaking in the North Sea and has now set his sights on independent Serica Energy (LON: SQZ).
Kistos enters UK North Sea with acquisition of stake in West of Shetland assets
Kistos Energy, former RockRose Energy CEO Andrew Austin’s latest venture, has completed the acquisition of a stake in a package of West of Shetland assets.
‘Utterly dismayed’: Shareholders face £18 million wipeout as Hague and London Oil collapses
Shareholders look set to lose their entire investment in Hague and London Oil (HALO) as the southern North Sea-focused explorer and producer is wound up.
Covid case confirmed on Repsol Sinopec vessel
Repsol Sinopec Resources UK (RSRUK) has confirmed a worker has tested positive for Covid-19 on board a North Sea production ship.
Exclusive: Brae Area partner defaults on decommissioning costs after buying stake for 75pence
A company which bought stakes in the Taqa-operated Brae Area for just 75pence last year has now defaulted on its decommissioning liability.
Viaro Energy completes acquisition of North Sea assets from SSE
Viaro subsidiary RockRose Energy has completed its acquisition of interests in several producing assets in the UK North Sea from energy company SSE.
Spirit Energy finds more gas at Grove field
Spirit Energy has found more gas at Grove, "significantly" extending the life of the southern North Sea field.
Andrew Austin’s Kistos kicks of 2021 North Sea drilling campaign
London-headquartered energy sector firm Kistos has kicked off its drilling campaign for 2021.
Former RockRose CFO rejoins Andrew Austin at Kistos
The former chief financial officer (CFO) at RockRose Energy has rejoined Andrew Austin in the same role at his new venture Kistos.
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.
Spirit Energy targets additional barrels from North Sea field with new well
Spirit Energy will drill a new well in a bid to deliver more than 4.2 million additional barrels of oil equivalent from a southern North Sea field.
SSE strikes deal to sell gas portfolio to Viaro, which offloads Brae area for 75p
Energy firm SSE has clinched a deal to sell its gas exploration and production assets to Viaro Energy for £120 million.
Powering up or fizzling out? Weighing up change in the energy sector
As one of the most unusual years in all of our lives draws towards a close, we have been asked to share a few reflections on the effects felt in the energy sector.
Andrew Austin’s new venture Kistos looks to raise £32m via imminent AIM listing
Entrepreneur Andrew Austin’s new energy sector investment company expects to raise £31.75 million via its initial public offering, slated for this week.
EV Out Loud: Austin powers back, steroids for microbes, and heartbreak in Uganda
On this week’s episode, in association with Fasken, the team looks at the return of RockRose Energy founder Andrew Austin to the North Sea fold, after he sold up his former firm for nearly £250m earlier this year.
RockRose founder Andrew Austin makes North Sea return with new company
Andrew Austin is making his North Sea return with a new investment company, aimed at buying up UK assets, after selling RockRose Energy.
Oil plays to remain challenging into Q4
From an oil and gas perspective, deal activity has remained subdued in Q3 2020, with the Covid-19 pandemic and severe downturn in both Brent and Shale prices still being felt by producers and service providers globally.
RockRose acquired by Viaro Energy in £250m deal
North Sea oil and gas producer RockRose Energy has been acquired in a multi-million pound deal.
Doing deals in lockdown – signs of encouragement in the gloom
Our client Humber Oil & Gas’ divestment of its interest in one of the largest UK onshore hydrocarbon discoveries may have been our second oil and gas deal of 2020, but it was the first we conducted wholly remotely, thanks to UK lockdown rules.