Neo Energy has completed its acquisition of private-equity backed Zennor Petroleum, solidifying its position as one of the UKCS’ largest producers.
NEO Energy has said it has “rapidly expanded” since the oil price crash brought it down to losses in its first full year of trading.
Private equity player HitecVision has said the North Sea is “anything but mature” as it looks towards major investments in the UK sector.
Law firm Pinsent Masons has appointed renowned dealmaker Rosalie Chadwick as its new global head of oil and gas.
Energy service firm Petrofac today announced the award of a one-year extension to its integrated services contract with North Sea operator Neo Energy.
At the start of the new tax year, we explore the financial landscape of the energy sector.
As oil and gas faces a rise in climate activism, ESG concerns, and the need to raise its own profile as a pillar of the energy transition, investors are weighing the impact.
Neo Energy intends to make a call on the redevelopment of the Affleck field in the UK central North Sea “in the next few months”.
The blockbuster start to 2021 made by UK North Sea buyers looks set to continue with a further £3.6 billion of assets potentially changing hands by year-end, an analyst has said.
Neo Energy has continued its acquisition spree with a £450 million swoop for fellow private-equity backed North Sea oil firm Zennor Petroleum.
North Sea minnow Zennor Petroleum claims to have become one of the first UK operators to go “carbon neutral” as first gas from its flagship Finlaggan field beckons.
More oil and gas firms are “pivoting” their business models towards shareholder returns and away from high risk and reward exploration, an analyst has said.
A boss at Schlumberger has said Covid-19 was a “good test” for the oilfield service giant as it “braces” itself for the end of the Brexit transition period.
Zennor Petroleum’s boss has said the private-equity-backed oil and gas company is “sitting comfortably” in spite of the Covid-19 pandemic and commodity price drop.
Chrysaor, the North Sea's largest net producer, has cut spending plans by 30% in response to the Covid-19 pandemic, bringing delays to growth projects.
It is hard to know where to begin when describing the scale of the crisis gripping Big Oil.
A private-equity firm with stakes in North Sea firms has pledged to explore using floating offshore wind to power oil platforms.
A group of oil and gas firms have joined forces to plan the delivery of more than 200 million barrels from the outer Moray Firth.
The owners of two North Sea oil companies could be looking to cash in on their investments.
Zennor Petroleum is “pushing forward” with plans for two more central North Sea projects which would follow on from the firm’s Finlaggan development.
BP is progressing towards a final investment decision (FID) for the redevelopment of a field in the central North Sea.
Anacala Midstream has won a multi-million pound contract to process gas from Zennor Petroleum’s Finlaggan field in the North Sea.
Zennor Petroleum has reached a “key step” towards first production at its Finlaggan field in the North Sea.
The Oil and Gas Authority’s approval of two North Sea projects has given the basin an injection of “old and new” money, an analyst has said.
Zennor Petroleum will go ahead with the Finlaggan field development after the UK oil regulator approved its plans.