Hedging boosts profits at southern North Sea oil firm
Hague and London Oil (Halo) returned to the black in the first half of 2019 thanks to hedging positions taken last year to protect the firm from gas price fluctuations.
North Sea
Monthly update on North Sea exploration: Three UK wells active
At the end of September there were three active exploration wells and four appraisal wells being drilled in the UK, according to Westwood Global Energy. Two E&A wells were spudded and three were completed during September.
Drilling kicks off at i3 Energy’s Serenity field
Drilling has started at i3 Energy’s Serenity field in the outer Moray Firth.
Norway: Five active operations ongoing with busy times in North Sea
Four exploration wells and one appraisal well were active in Norway at the end of September. Three wells were completed and one well spudded in September.
Buzzard oil field shut down for repairs
The North Sea’s largest-producing oil field has been shut down after a defect was found during an inspection.
Updated: BP upstream chief picked for top job at oil giant
BP has picked one of its former North Sea bosses to take over the energy giant’s reins when long-standing chief executive Bob Dudley steps down early next year.
Subsea 7 gets the nod from Shell for Pierce job
Energy service firm Subsea 7 has won a contract worth tens of millions of pounds for Shell’s Pierce depressurisation project in the UK North Sea.
Oil and gas installations have ‘significant conservation significance’, new research suggests
North Sea oil and gas installations have a "significant conservation significance to protected species", according to a new study from Edinburgh University.
Shell and Ithaca to invest in Pierce field gas project
Oil giant Shell and partner Ithaca Energy have announced they will invest in the Pierce depressurisation project in the UK central North Sea.
HitecVision merges North Sea firm Verus with Neo Energy
Norwegian private equity fund HitecVision has decided to merge its two UK North Sea businesses, sparking the exit of Aberdeen-based Verus Petroleum's boss.
‘Flexible’ Whalsay on the hunt for Bentley partners
Whalsay Energy is seeking partners to help it develop the Bentley field in the UK North Sea.
Perenco sanctions project to extend life of two North Sea fields
French operator Perenco will invest in extending the life of two gas fields in the southern North Sea.
Total to drill Isabella exploration well this month
An exploration well is due to be drilled at the Total-operated Isabella well later this month.
Shell request sees Survitec increase lifeboat capacity on Shearwater gas hub
A request by Shell has seen offshore safety firm Survitec increase lifeboat capacity on the oil and gas giant's Shearwater gas hub.
Chrysaor targeting Talbot project sanction next year
Chrysaor has confirmed it is hoping to sanction a new North Sea project next year.
North Sea rota changes ‘top of the list’ for Chrysaor
Changes to offshore rotas are “top of the list” for new workers coming into the business from ConocoPhillips, according to Chrysaor’s chief executive.
Chrysaor completes £2billion purchase of ConocoPhillips’ North Sea assets
Chrysaor has announced the completion of its mammoth £2billion purchase of ConocoPhillips’ North Sea assets.
GMS battles forward
Gulf Marine Services (GMS) has made progress in shoring up its future but much rests on its negotiations with lenders.
Valaris rig picked for Neptune Energy’s Seagull project
Rig operator Valaris has been chosen to carry out the drilling contract for Neptune Energy’s Seagull project in the UK North Sea.
Losses widen at i3 Energy as drilling work continues
Losses at i3 Energy widened in the first half of 2019 as the company prepared to drill three wells in the North Sea.
Ashtead Technology still on the acquisition trail
Global subsea equipment specialist Ashtead Technology is still on the acquisition trail after a flurry of deals since it changed hands three years ago.
Survivex course aims to tackle ‘deadly legacy’ of asbestos
Offshore training firm Survivex has launched a new course which aims to tackle the “deadly legacy” of asbestos.
North Sea warned digitalisation ‘not a gender balance magic wand’
A network dedicated to increasing the number of women in the UK energy industry has warned that digitalisation is not a guaranteed “gender balance magic wand”.
Global Energy Group toasts biggest contract win in its history
Oil service firm Global Energy Group (GEG) is celebrating the biggest deal in its history, with a value understood to exceed £100 million.
New firm Petrodec carrying out UK decommissioning work for Perenco
A new decommissioning specialist has been set up which is carrying out work for North Sea operator Perenco in the UK.