Live Breaking News & Updates on Hitecvision Backed Neo Energy
Stay updated with breaking news from Hitecvision backed neo energy. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The flurry of deals has even prompted analysts at consultancy Wood Mackenzie to describe the UK North Sea as “one of the hottest markets globally”, buoyed by the recent recovery in prices. Neivan Boroujerdi, WoodMac’s principal analyst for Europe upstream said the “blockbuster” start to the year has seen spending reach $2.7 billion, already surpassing last year’s total. “Despite the UK’s maturity, the deals highlight the attractiveness of the country’s relatively low headline tax rate, which enables assets to generate significant free cash flow at current prices,” Boroujerdi said. WoodMac estimates another $5 billion-worth of assets could change hands this year. ....
Neo continues North Sea spending spree with $625m swoop for private equity-backed Zennor Petroleum upstreamonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from upstreamonline.com Daily Mail and Mail on Sunday newspapers.