North Sea M&A quick off the blocks
DNO’s swoop for Faroe could mark the start of another busy year for changes in asset ownership
In January, Norwegian independent DNO had an improved 160p/share offer for Aberdeen-headquartered North Sea E&P firm Faroe Petroleum accepted, following a previous 152p/share bid late last year. Just as that union was consummated, press reports emerged spotlighting UK independent Premier Oil as a prime candidate to buy North Sea assets on the block, following US major Chevron's decision to sell off its portfolio in the Central North Sea and potentially its stake in Clair in the West of Shetland (WoS). In December, private equity-backed Chrysaor was also linked with a move for Chevron's assets. The three-month exclusivity deal into which UK petrochemicals heavyweight Ineos entered to nego
Also in this section
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
