Analysts have named Parkmead Group’s (AIM: PMG) Skerryvore as the UK North Sea well to watch this year.
Welligence analysis shows Apache decision to halt drilling at Beryl and Forties hubs will significantly impact field production life.
“But most of the cash flow increase is coming from improvements in the quality of the portfolio. We're shifting from mature legacy assets to next generation assets.”
Norwegian oil and gas operator DNO (OSL:DNO) is expanding its UK North Sea portfolio, acquiring a 25% interest in the Arran field from Dutch firm ONE-Dyas.
Shell has confirmed a drilling contract for the Valaris 123 jackup rig for the Selene exploration well and Pensacola appraisal well.
“The first target has an NPV of $4bn, for a $30mn well. We know it’s frontier exploration and the chance of success is maybe 20%, but it stands up.”
The second tranche of the 33rd offshore licensing round sees 17 companies awarded North Sea licences
Hartshead Resources (ASX:HHR) has announced a deal for a 'financing backstop' worth A$800 million (£415m) to progress the first phase of the Anning and Somerville developments in the North Sea
"Ultimately political and regulatory processes will work through to get the right answer."
Tax incentives associated with the Energy Profits Levy may have encouraged Shell to move its Victory plans forward.
Operator NEO Energy submits environmental statement for Buchan redevelopment in Moray Firth.
An analyst firm has put Deltic Energy’s stake in the Shell-operated Pensacola discovery in the North Sea at $200m.
"That, to me, is a demonstration that they’re not really serious about tackling the climate crisis.”
Government legislation designed to maximise North Sea oil and gas production has been delayed to avoid it being rushed through its first stage in 45 minutes.
North Sea oil from new exploration licences sent to domestic refineries would account for less than 1% of the fuels used in the UK in 2030, a think tank has found.
The Chancellor has hit back at the former net zero tsar after he quit the Conservatives over the Government’s decision to increase domestic oil and gas drilling.
Australian oil and gas explorer Finder Energy (ASX:FDR) has outlined details of its Boaz gas prospect in the Central North Sea.
Uplift and Greenpeace will challenge the decision to approve Rosebank on the basis of downstream emissions, legally binding net zero targets and impacts to marine life.
Perenco UK has announced a near-field discovery at the Ravenspurn South field, located approximately 40 miles off the coast of Flambrough Head in Yorkshire.
A potential 150 million-barrel field has been uncovered next to the UK’s giant Buzzard project in the Central North Sea, it’s been claimed.
Magnus has overtaken Kraken as UK-focused EnQuest’s top producer following an outage this year.
Serica Energy (LON: SQZ) has announced it will acquire a 30% non-operated interest in the North Sea's Greater Buchan Area development from Jersey Oil and Gas (JOG).
Horizon Energy Partners has been given the regulatory green light to drill its high-impact Dabinett prospect in the UK North Sea, but has pushed the timeline to 2025.