Recently the Oil & Gas media had reported, M&A activity had slowed as companies looked to preserve cash, as late as only last week we found reports suggesting the appetite for dealmaking in the second quarter, when WTI Crude prices plunged to a negative $37 a barrel one day in April, was so low that Q2 ranked as the third-lowest quarterly value of upstream deals since 2009.

Yet today we learn that Viaro Energy has announced it has reached an agreement with RockRose Energy to acquire the entire share capital of the North Sea firm. It is understood London-headquartered company Viaro Energy will acquire RockRose in a deal worth more than £247 million.

Companies Covered: #RRE #LBE #SLE #SQZ #CERP #BPC #SOU #JOG #IOG #SAVE #ADME #PRD #PPC #HUR

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