North Sea oil and gas producer RockRose Energy has been acquired in a multi-million pound deal.
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.
RockRose Energy has slashed spending for 2020 by more than £80m in response to the Covid-19 outbreak and cut the number of UK wells it will participate in.
RockRose Energy hasn't experienced any "adverse impact" on its North Sea operations due to the Covid-19 outbreak, according to the firm's boss.
The Financial Conduct Authority has asked companies due to announce annual results to delay publication because of the coronavirus.
A trade union official has said the North Sea is firmly in the grip of coronavirus “fear” and lamented a perceived lack of leadership.
RockRose said today that "a number" of workers on the Brae Alpha platform in the UK North Sea are in "self-isolation" amid concerns they have contracted Covid-19.
The last time crude prices crashed in 2014, the North Sea looked like a treasure trove for private equity looking to buy cheap assets, build them up and sell for a profit. Now, just as these firms are seeking an exit, the oil-price war might leave them trapped
Oil and gas company Rockrose Energy has announced the completion of the first of two infill development wells at West Brae.
Repsol Sinopec Resources UK (RSRUK) has submitted a key document for a project aimed at boosting production from the Blake field in the central North Sea.
Court documents have revealed emails between Taqa senior management, who described RockRose’s deal with Marathon Oil as their “worst fear”, calling the London-headquartered company “total wideboys”.
RockRose Energy has lost control of its only operated platforms in the UK North Sea after three partner companies raised “serious concerns” in court about its ability to run the assets.
RockRose Energy has been ousted as operator of a North Sea hub with Taqa UK set to take over control thanks to a legal challenge brought by its partners.
RockRose Energy has announced it will press on with the hunt for more North Sea acquisitions this year.
RockRose Energy has said it is beginning a “significant period of development activity” over the next year, starting with its West Brae field.
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.
An investment firm controlled by British billionaire Michael Spencer reached an 11th-hour settlement with an oil executive and his wife in a case that saw insider-trading accusations fly and the threat of a private prosecution.
North Sea operator i3 Energy is aiming to enter into discussions to develop its new oil discovery as a joint project with Repsol Sinopec Resources UK (RSRUK).
RockRose Energy saw a 449% boost in earnings for the first six months of the year – before completing its takeover of Marathon Oil’s UK assets.
The Health and Safety Executive (HSE) has issued a safety notice after a support vessel collided with an offshore platform in the North Sea.
RockRose Energy faces being ousted as operator of a North Sea hub as it is today re-admitted to the Stock Exchange.
Independent Oil and Gas (IOG) has said it expects the Maersk Resilient drilling rig to arrive at its Harvey prospect by the end of the month.
RockRose Energy has completed its acquisition of Marathon Oil’s UK business.
Respsol Sinopec Resources UK (RSRUK) has announced plans to recover an additional 10million barrels of oil equivalent (boe) from its North Sea assets.