‘The next Cygnus’: Deltic Energy makes big claim ahead of North Sea farm-out
Deltic Energy believes it has “the next Cygnus” on its hands as it eyes a farm-out of a promising North Sea prospect in the coming months.
Deltic Energy believes it has “the next Cygnus” on its hands as it eyes a farm-out of a promising North Sea prospect in the coming months.
Oil and Gas UK (OGUK) has brought on bosses at Schlumberger, Repsol Sinopec and Kellas Midstream to its board as it looks ahead to 2021.
A cyberattack which hit the global business of Aberdeen-headquartered EnerMech cost the group hundreds of thousands of pounds.
Drilling rigs have taken a $30billion (£22.5bn) hit to their values over the last 12 months, according to Bassoe Offshore.
The North Face has been accused of “counterproductive virtue signalling” after refusing to sell jackets to an oil services company.
Equinor has started up an expansion of its Snorre field, which will add another 200million barrels of production to the North Sea development.
Independent Oil and Gas (IOG) has released images showing construction progress on its flagship “Core” project destined for the North Sea.
Shell, Eni and their partners in the Karachaganak oil and gas venture paid $1.3 billion to settle a long-running dispute with Kazakhstan over revenue sharing.
Bank of China Ltd. has sued BP Plc in Singapore over its alleged role in fabricating oil deals with collapsed trader Hin Leong, in the latest effort by a creditor to recover losses after one of the biggest trading scandals in decades.
BP is moving out of its current North Sea offices to set up a new regional headquarters in Aberdeen, which will be half the size.
North Sea operators would like “more evidence” that the $50 Brent oil price is here to stay before greenlighting long-term investments.
Oil in London climbed above $50 a barrel for the first time since the pandemic ground the global economy to a halt in a remarkable rally that few predicted would happen this soon.
The newly-refurbished Well-Safe Protector rig has arrived at Invergordon to get it ready for work in the decommissioning market.
Equinor has handed out contracts worth around £68million to an offshore supply vessel firm for operations in Norway.
Shell is shaking up its mighty in-house trading unit, with the retirement of Mark Quartermain as head of crude -- a job widely seen as the most powerful in the global oil-trading industry.
The largest political party in Norway is arguing that the state should take a more activist role in Equinor, sparking debate on how it will use its two-thirds stake in the oil giant going forward.
One of the country's top microbiologists has said he would be “very surprised” if offshore oil and gas workers in the UK receive the Covid-19 vaccine before Easter.
Maersk Drilling has appointed a former executive at oilfield services giant Halliburton as its new chief financial officer (CFO).
Reflecting on Oil and Gas UK’s prediction that North Sea projects could take up to three years to return, the industry body’s chief executive, Deirdre Michie, said, “we have to start the year more positively than that.”
Hague and London Oil (HALO) has acquired 100% of the Schooner gas field in the North Sea but has not acquired rights to use the production platform to develop it.
HALO (Hague and London Oil) has given up its 45% stake in the Pegasus area, describing the Spirit Energy project as “increasingly uncertain”.
Fresh from overtaking ExxonMobil as North America’s biggest oil company, Chevron has a “simple promise” to investors: higher returns and lower carbon.
President Recep Tayyip Erdogan has called for negotiations over gas exploration rights for Turkey in the eastern Mediterranean as EU leaders consider sanctions.
North Sea oil prices are finally strengthening, catching up with other markets that already rallied on the back of rising buying interest from Asia, where demand in many places has already recovered from Covid-19.
New contracts, renewals and the opening of a new Aberdeen base have been flipping the fortunes of Bilfinger Salamis after a stark start to 2020.