North Sea oil and gas fields bought by private groups
Tailwind, a private oil producer backed by commodity trader Mercuria, has agreed to buy BP’s stake in the Shearwater oilfield in the British North Sea, it said on Monday.
The British North Sea has been undergoing a changing of the guard with oil majors selling oil and gas fields to private equity-owned groups.
The new owners say they can squeeze out more and cheaper barrels from North Sea fields than big companies, making faster decisions and specialising in North Sea extraction.
Here is a list of recent deals:
Deals in 2016