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Feb 24, 2021 1:25:pm Summary by: Joe Murphy NEO Energy, backed by Norwegian private equity group HitecVision, has agreed to pay over $1bn to buy a package of ExxonMobil assets in the north and central UK North Sea, the companies reported on February 24. NEO is set to acquire nearly 40,000 barrels of oil equivalent/day of supply and over 140mn boe of reserves through the deal, expected to close by the middle of ... Posted in:

Neo in Exclusive Talks for ExxonMobil UK Assets Neo Energy, backed by Norwegian private equity group Hitecvision, is in exclusive negotiations to buy ExxonMobils upstream operations in the central and northern UK North Sea, the company said on January 21. Neo said that if successful, the talks will result in a sales agreement being signed in the first quarter, with the deals closure expected later in the year. ExxonMobil has been searching for a buyer for its UK business for over a year. The US...

Neo in Line for ExxonMobil UK Assets: Update Jan 21, 2021 10:40:am Summary by: Joe Murphy Neo Energy, backed by Norwegian private equity group Hitecvision, announced on January 21 it had entered exclusive negotiations to buy ExxonMobils upstream ope... Posted in: