The need for newer North Sea players to grow could be a “catalyst” for more M&A deals this year, according to an investment banker.
Petrofac has announced it has secured a series of well engineering contracts worth £15.3m, including work in the North Sea.
Tailwind Energy has agreed to buy the UK business of Houston-headquartered oil and gas firm EOG Resources.
North Sea newcomer Tailwind Energy has completed a deal to buy Shell and ExxonMobil’s stakes in the Triton cluster.
A new oil and gas company has agreed to buy Shell and ExxonMobil’s stakes in the central North Sea Triton cluster.