Viaro CEO Francesco Mazzagatti says the company is disappointed by the lack of legislative stability shown by the windfall tax
New UKCS entrant takes stock of windfall impact
Viaro Energy has significant growth ambitions it must re-evaluate in the wake of the UK government’s announcement
Viaro Energy is a UK-headquartered independent. But, with Italian leadership and a background in European and Middle Eastern oil trading, it is far removed from the model of a veteran North Sea management team setting up a new venture that characterises many of its peers on the UK continental shelf (UKCS). However, since its entry into the basin through its July 2020 acquisition of AIM-listed UK producer Rockrose, Viaro has proven its commitment to the North Sea by doing a follow-up deal for the upstream assets of UK utility SSE in December 2020, as well as swooping for the Dutch assets of independent Hague and London Oil in May last year. The trading firm turned producer has a target to rea
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
