UK oil & gas player buying West of Shetland assets
UK-headquartred energy company Viaro Energy, through its wholly-owned subsidiary RockRose Energy, has executed a share purchase agreement with Spark New Energies Limited (Spark) for the acquisition of Spark Exploration UK, which will enable it to add a batch of...
Viaro at ‘very advanced stage’ of deal for ‘large’ North Sea production assets
Viaro Energy’s buying spree shows no sign of letting up, with the company in the final phases of a deal for more North Sea fields. Fresh from announcing the takeover of Spark Exploration, company chief executive Francesco Mazzagatti revealed they are at a “very...
Viaro Energy announces acquistion of Spark Exploration
Viaro Energy has announced the acquisition of Spark Exploration, providing Viaro with 50% of Spark Exploration’s P2593 licence, West of Shetland, partnered with Ithaca Energy. Overview of Spark Exploration West of Shetland opeartions Spark's primary asset in the...
Viaro reaches deal to acquire Spark west of Shetland interests
RockRose Energy has an agreement to acquire Spark Exploration UK (P2412) from Australian owner Spark New Energies. LONDON — Viaro Energy subsidiary RockRose Energy has an agreement to acquire Spark Exploration UK (P2412) from Australian owner Spark New Energies....
The Oil & Gas Leaders to Watch in 2023
All senior leaders and their teams have, over the last 24 months in particular, had to pivot their strategies, their approaches, their company roadmaps. From investor pressure around ESG criteria and the importance of the energy transition, to M&A and financing...
Executive Interview Francesco Mazzagatti, Chief Executive Officer, Viaro Energy
Francesco, thank you for taking part in the first of our executive interview series for 2023. It is a pleasure to also have you join the advisory board of the World Energy Capital Assembly. It’s obviously been an exciting and successful couple of years at Viaro...
North Sea firm eyes acquisitions amid gas price surge
NORTH Sea-focused Viaro Energy is eyeing more acquisitions in the area and has beefed up its board in support of its push for growth. Viaro became a significant force in the North Sea after buying the RockRose Energy group and then SSE’s operations in the area in...
BP to buy stake in UK deepwater field from Viaro Energy
The deal increases BP’s stake to 100% in the Foinaven field and to 90% in the Foinaven East field. il major BP has signed a deal to increase its stake in the Foinaven oil field, located in the UK continental shelf (UKCS), by purchasing a 28% interest from Viaro...
BP Increasing Stake In First-Ever Deepwater UKCS Field
Supermajor BP has signed a deal with Viaro Energy’s subsidiary, RockRose, to increase its stake in the Foinaven oil field located on the UKCS. Viaro Energy said that RockRose Energy was looking to divest its 28 percent non-operated interest in the Foinaven field to...
Viaro Energy makes another acquisition as HALO looks ‘beyond’ upstream
Upstream business Viaro Energy has bought the Dutch portfolio of Hague and London Oil (HALO) for an undisclosed sum. A spokesman for London-headquartered Viaro said the package was a good fit with its existing assets in the Netherlands. The firm is part of...
Hull cracks on floater off UK draw safety warnings
Viaro Energy is exiting the Foinaven area in the UK West of Shetland region with an agreement to sell its non-operating interests to operator BP. Viaro, the London-headquartered subsidiary of energy trading group Viaro, said on Thursday it has agreed to divest to...
Scottish energy giant exits North Sea with £120m sale of gas production business
SCOTTISH energy giant SSE has agreed to sell its North Sea gas business to acquisitive Viaro Energy for £120 million amid the shake-up in the area . The deal will allow London-based Viaro to acquire stakes in a range of big North Sea assets including the giant...