Disappointment for BP at Ben Lawers in West of Shetland
No discovery at the well, which had pre-drill estimates of 70 million barrels.
No discovery at the well, which had pre-drill estimates of 70 million barrels.
Ithaca Energy (LON: ITH) is about to begin drilling an exploration well at the K2 prospect in the Central North Sea.
There's been numerous cases over the last decade in UK North Sea exploration where company estimates have been way off the mark.
New data has highlighted the “standout” firms carrying out exploration in the UK North Sea in recent years.
An energy sector taskforce has set its sights on unlocking difficult to produce gas fields in the Southern North Sea.
More than 5,000 km2 of North Sea exploration acreage was surrendered today as deadlines for licences hit the industry.
Scotland’s First Minister has argued there should be “no new extraction” of North Sea oil and gas, unless there is a “good reason to do so”.
A clutch of new contracts, including three signed in the UK over the last month, are expected to help energy services firm WellGear globally double in size over the next two years.
Still battling with drilling issues, IOG outlined plans for several further cluster developments around its Saturn Banks scheme in a wide-ranging update ahead of its AGM.
Neptune Energy has hailed first gas from the 11th well at its flagship UK field, Cygnus, bolstering UK energy security.
A new phase of project work – focussed on first production - has got underway at a Southern North Sea gas project.
As far as discoveries go, uncovering over 300 billion cubic feet (bcf) of gas and the decade’s largest find isn’t half bad in an increasingly wizened basin.
But OEUK's Ross Dornan is warning that “if they were already challenging beforehand, they are even more challenging now”.
Updates were given on Talbot, Leverett, Tolmount East, Earn and Jocelyn South.
“There is a real danger that the UK will be left without the resources and talent to make the energy transition a reality safely," the IADC has warned hundreds of MPs and MSPs.
As of 24 February, Westwood Global Energy reports that there are two exploration wells, with one each in the NNS and SNS, and one appraisal well active in the CNS. Since the previous report, one exploration well has completed at Orlov.
A huge oil rig docked in Aberdeen will kick off work for oil giant BP in May, according to new contract details.
Hot on the heels of the largest discovery in a decade for the Southern sector, Deltic Energy (LON: DELT) is seeking partners of its next North Sea prospect.
Horizon Energy Partners is making the most of the current Southern North Sea buzz, following Shell’s (LON: SHEL) milestone success in the region.
And would they bring a rig to Aberdeen? “Yeah,” says CEO Kjetil Gjersdal.
The largest discovery in a decade for the region will now open up more than a dozen other prospects in the Southern North Sea.
The Scottish and UK Governments have been called upon to create a long-term energy plan to ensure a ‘viable’ drilling sector remains.
Hundreds of North Sea oil and gas discoveries could be abandoned as companies battle with uncertain headwinds.
Rig operator Valaris has unveiled a series of new contracts and extensions in the UK North Sea.
A gas find from Shell (LON: SHEL) and Deltic Energy (LON: DELT) could prove very positive for other players with exploration targets in the Southern North Sea.