Oil and gas firm Neo Energy has entered into exclusive negotiations over the purchase of ExxonMobil's UK central and northern North Sea portfolio.
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.
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.
North Sea operator Neo Energy has given £2.5million in funding to a leading research and training body for the UK energy sector.
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.
Verus Petroleum has toasted a “transformational year” as it saw profits increase six-fold in 2018.
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.
Norwegian private equity fund HitecVision has reportedly put its UK North Sea oil production firm up for sale.
The oil and gas industry needs to ditch negative perceptions of private equity (PE) and get to grips with reality, a top North Sea executive said.
Aberdeen-based Verus Petroleum has said it is moving to the “next phase” of growth after a 12-fold increase in its oil and gas production.
Aberdeen-based Verus Petroleum has announced the latest private-equity-backed swoop for a package of North Sea assets.
Private equity start-ups are causing a stir in the North Sea, a new report said.
Aberdeen-based oil firm Ithaca Energy has agreed to sell licences containing the onshore UK Wytch Farm field for £38million.
Premier Oil’s sale of its stake in the Wytch farm field is a “good deal” that will help lower the company's debts, analysts have said.
Aberdeen-based firm Parkmead Group has completed a deal to buy Verus Petroleum out of a North Sea licence.
Parkmead Group has struck a deal to double its stake in a southern North Sea gas basin licence.
An independent oil and gas firm has raised £120million in a fresh lending package with a South African bank as it completes a deal to buy up North Sea assets
Verus Petroleum has gone back on the acquisition trail by upping its stake in a North Sea field in a deal thought to be worth tens of millions of pounds.