London oil firm expands in North Sea amid windfall tax furore

NORTH Sea-focused Viaro Energy is buying into more acreage in a deal worth up to around £105 million and has underlined its appetite for more acquisitions in the area.

Led by Italian entrepreneur Francesco Mazzagatti, Viaro has used takeovers to build a significant North Sea business. It said this has been performing well amid the surge in oil and gas prices fuelled by Russia’s war on Ukraine.