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Bleak times for UK North Sea
Government consultations on the windfall tax and the exploration licence ban are positive steps, but it is unclear how long it will take for them to yield tangible outcomes
The death knell for UK energy security
The end of Grangemouth and Lindsey oil refineries marks a worrying trend across Europe amid cost and transition pressures
EU and UK look to security beyond gas
The scars of the Russia crisis have accelerated Europe’s push to wean itself off gas dependence as the growing globalisation of LNG becomes a double-edged sword
Can the UK take its foot off the gas?
While the government might complain about the vicissitudes of the international gas market, the UK's transition away from the fuel is fraught with challenges
Hydrocarbon Processing Refining Databook 2025: Europe, Russia & CIS
EU net-zero polices have shifted refining investment among member states, while across the region countries and companies continue to adjust to changes in trade flows caused by the war in Ukraine
Outlook 2025: UK offers upstream opportunity as transition and policy evolve
The importance of the oil and gas sector to the UK and the value of its assets mean 2025 could offer new opportunities and a recovery in activity
Outlook 2025: A new era – how the UK offshore sector can lead in a competitive market
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
Outlook 2025: Navigating the windfall tax and the future of UK energy
Policymakers and stakeholders must work together to develop a stable and predictable fiscal regime that prioritises the country’s energy security and economy
Letter from London: Beware false prophets
The oil and gas sector’s renewed upstream activity stands in marked contrast to just a few years ago, highlighting that the market does indeed cycle
UK-listed Pharos to ramp up Egyptian activities
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
North Sea UK
Craig Guthrie
22 September 2019
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North Sea asset sales healthy for now

A post-2014 shake up has revitalised the basin, but challenges remain for private equity investors looking to exit, says RBC

A UK North Sea E&P sector that is leaner and better equipped to deal with volatility cycles has emerged from the cutbacks and soul-searching triggered by the 2014 price crash, according to bank RBC.  A healthy M&A market is putting assets into the right hands, either existing players expanding their portfolios or new entrants attracted by improved regulations and the UK’s legal certainty, Martin Copeland, RBC’s head of EMEA Energy told Petroleum Economist at Aberdeen’s Offshore Europe conference.  The looming challenge is, though, how private equity (PE) investors that have backed a number of the North Sea’s recent new entrants withdraw their funds, particularly with a global equity

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