Strong showing from Kraken boosts Bumi Armada profits
Profits at Bumi Armada jumped last year thanks to a strong showing from its Armada Kraken FPSO in the North Sea.
North Sea
Police Scotland offered oil rig to help train for North Sea protests
Police Scotland has been offered use of an idle oil rig in order to train against a recent wave of protests in the North Sea.
Centrica restates intention to offload Spirit Energy
Utilities firm Centrica confirmed today that its "intention remains" to sell its 69% shareholding in exploration from production firm Spirit Energy.
EnQuest farms-down Eagle discovery to Hibiscus for $1
EnQuest has agreed to farm-down an 85% stake in its Eagle discovery in the North Sea to Anasuria Hibiscus for a “nominal” $1 fee.
Apache losses widen during ‘banner year’ for exploration
Bosses at Apache Corporation hailed the firm’s response to the Covid pandemic and price crash despite pre-tax losses widening to £3.4 billion in 2020 from £2.1bn the previous year.
West of Shetland set for another barren year
Westwood Global Energy reports that as of February 24 there was one exploration well and one appraisal well active in the UK, with no change since the end of December.
‘We want to grow further from here’: NEO Energy rising up North Sea ranks
NEO Energy plans to continue its growth spurt after announcing a billion-dollar deal to acquire ExxonMobil assets in the North Sea.
Energy sector deal to be published by end of next month, Westminster confirms
The UK Government has given fresh commitments that the planned North Sea transition deal will be delivered by the end of next month.
Virtual Tech Showcase: Payment issues blight North Sea collaboration
Collaboration in the North Sea “has gone backwards” as companies squeeze suppliers in an effort to control costs.
ExxonMobil agrees sale of UK North Sea assets to NEO in $1billion deal
ExxonMobil has agreed to sell a package of UK northern and central North Sea assets to NEO Energy in a deal worth more than $1billion (£707.3m).
CEO Looney wants BP’s oil business to be ‘best, not biggest’
BP chief executive Bernard Looney said today that he wants the company's oil business to be “the best, not the biggest”.
STATS Group showcase Tyra isolation and tie in success in Danish North Sea
STATS Group’s expertise in isolation projects, extending asset life and the decommissioning of pipeline infrastructure, was on show this week at a Virtual Tech Showcase hosted by Energy Voice.
Virtual Tech Showcase: Removal of help for oilfield services exports may not hamper growth, analyst predicts
Plans to remove support for oilfield technology and services exports wont necessarily inhibit supply chain growth, according to an industry expert.
Equinor’s Mariner helideck certified following first virtual inspection
Equinor and the Helideck Certification Agency (HCA) have completed the first virtual offshore helideck inspection - a first on the UKCS and in the company.
Virtual Tech Showcase: Digital collaboration takes centre stage as Energy Voice event gets underway
A rallying cry for improved digital collaboration was issued to North Sea oil and gas firms during the opening session of Energy Voice’s Virtual Tech Showcase.
Worley profits down 70%, hails completion of Buzzard Phase 2 contract
Profits dropped more than 70% for engineering services giant Worley during the first half of its 2021 financial year.
Premier-Chrysaor merger gets blessing from regulators and anti-trust bodies
London-listed Premier Oil’s reverse takeover by Chrysaor is on track to complete on March 31.
i3 to declare maiden dividend, in talks over Serenity stake sale
London and Toronto-listed i3 Energy said today it expects to declare its maiden dividend during the current quarter.
Ashtead launches recruitment drive after completing £1m investment in centre
Integrated subsea technology and services firm Ashtead Technology has launched a recruitment drive after completing the £1 million development of a new research and development and engineering facility in Aberdeenshire.
Ithaca reducing manning level on North Sea platform after Covid-19 outbreak
Ithaca Energy is reducing the number of crew on one of its North Sea installations after a Covid-19 outbreak.
Hibiscus and Ithaca to decide on joint North Sea development project this week
Malaysian operator Hibiscus Petroleum and Ithaca Energy expect to decide whether they can jointly develop a pair of North Sea fields by the end of this week.
Worley supporting Allseas on Spirit Energy decommissioning job
Australian energy service firm Worley said today it was helping Allseas to decommission two of Spirit Energy’s east Irish Sea platforms.
DNV GL scoops up deal with Total’s UK North Sea business
Oil major Total has handed risk management company DNV GL a three-year deal for the provision of a range of services across its UK North Sea portfolio.
Malaysia’s DNeX taking Ping Petroleum stake to 90%
Malaysian IT and energy sector service provider Dagang Nexchange (DNeX) has reached a deal to take its shareholding in North Sea minnow Ping Petroleum to 90%.
Fresh loan from Reabold gives Corallian a shot at Victory
London-listed upstream investor Reabold Resources has agreed to loan North Sea oil firm Corallian Energy £1 million, subject to shareholder approvals.