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
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
9 December 2025
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters
