Verus Petroleum Up For Sale
Private equity firm HitecVision is seeking to sell its British North Sea oil and gas production unit Verus Petroleum, which last year completed a string of large acquisitions ramping up its output…
Verus Petroleum Mulls 12-Fold Production Growth
Aberdeen, UK-based Verus Petroleum has secured a 12-fold increase in its production – from 1,500 to 18,000 barrels per day in less than a year – with the closing of three recent…
UKCS Still Worth Investment Despite Brexit -Equinor
Norwegian oil and gas firm Equinor will remain committed to the mature British continental shelf regardless of the country's plans to leave the European Union, a senior executive…
Verus Petroleum Buys UK Oil Firm Cieco
Aberdeen-based Verus Petroleum has agreed to acquire Cieco, a subsidiary of Japanese commodity trading house Itochu for an undisclosed sum, Verus' majority owner, Norwegian private equity firm HitecVision, said on T
Statoil sells non-core asset on UK Continental Shelf
Statoil has agreed to sell its 17 percent non-operated interest in the Alba oil field on the UK Continental Shelf (UKCS) to Verus Petroleum. Alba is an oil field in the UK Central…
Premier Oil Seeks North Sea Gas Field Buyer
Premier selling 23.5 stake in Babbage gas field; CEO says bidding process yet to be launched. Premier Oil is seeking to sell half of its stake in the Babbage gas field in the North Sea…
Premier to Sell Stake in Wytch Farm Onshore Oilfield
North-Sea focused Premier Oil has agreed to sell its stake in British onshore oilfield Wytch Farm for $200 million to an undisclosed buyer, the company said on Tuesday. The…
Industry Funding to Boost UK Offshore O&G Research
A major funding package for the Institute of Petroleum Engineering (IPE) at Heriot-Watt University will directly support research and training for the future of the industry in U.K. offshore waters.
International Expansion leads to success for Exceed
Well management and performance improvement specialist Exceed has reported a positive year in 2016, including a recruitment drive resulting from increased activity both internationally and in the North Sea.
Private Equity Eying UK North Sea Assets
Private equity funds in talks to buy North Sea assets; rebound in oil prices accelerates process. High-profile oil and gas executives are teaming up with private equity funds…