YEAR-end results from Venture Production this week will throw the spotlight back on the oil and gas sector, where surging prices and volatile markets have created a landscape rife with merger and takeover speculation.
VENTURE Production, a major player in the North Sea, saw its shares plunge from a 12-month high after missing production targets.
More top stories
SCOTTISH oil and gas production company Venture Production has entered into an agreement to acquire Eni's interests in the Pilot Field, in the North Sea.
SCOTTISH energy explorer Venture Production expects average daily output to rise by up to 41 per cent this year to around 42,000 barrels of oil per day.
VENTURE Production impressed analysts yesterday by posting proven and probable oil and gas reserves at 161 million barrels, a rise of 29 per cent on last year. The Aberdeen-based group predicted more "sustained growth" for next year as well, sending the shares up 0.8 per cent or 5p to 592.5p.
Page 1 of 1