Serica also announced the founders of Tailwind Energy will depart the company in March next year following the £367 million takeover.
Oil & Gas
A swath of Norway’s offshore gas discoveries risk remaining untapped due to challenges ranging from complex reservoirs to costs of production.
Forties, Beryl, Ninian, Thistle and Judy have all had the TikTok treatment.
Aberdeen headquartered Centurion Group has carried out four acquisitions this year, increasing the firm’s forecast pre-tax earnings.
US climate envoy John Kerry criticized some US oil producers for not doing enough to combat global warming and singled out Chevron Corp. for particular scrutiny.
The plant currently supplies around 8% of the UK’s gas consumption - enough for around 2 million households.
Traders said the switch will make the cargoes more prone to the kind of volatility that besets wider oil markets.
NSTA is expected to greenlight the Shell Victory project in the West of Shetland ‘within the coming months’
At least 2,456 delegates linked to fossil fuels are attending the Cop28 summit in Dubai, according to analysis of the provisional participants list.
Leading North Sea offshore workplace safety advocate Steve Rae has announced the next phase of his career after finishing his role at Step Change in Safety.
The long-awaited Energy Act 2023 (the “Act”) received Royal Assent on the 26 October 2023, more than a year after the original bill was first introduced to Parliament.
“We’re very much still moving in through an investment phase as I see it on Anasuria over the next few years, which is really exciting."
This year saw the return of Aberdeen’s flagship energy show, Offshore Europe, after four years away and there was a lot to consider when putting together the 50th-anniversary event.
First gas has been achieved at the Tolmount East project in the UK North Sea operated by Harbour Energy (LON: HBR).
He said the well had been a long time coming. It is in the “the southern part of the MSGBC basin with significant hydrocarbon potential. We hope this project will contribute to developing our future cooperation with ABL Group,” Alhomouz said.
NewMed Energy, which has a 30% stake in the project, also took a more measured tone. The company said Chevron had asked to postpone the start of front-end engineering and design (FEED) work on Aphrodite.
A deal to takeover gas developer EnergyPathways will see the firm listed in London, with a view to bringing online the Marram gas project in the Irish Sea later this decade.
"The East Belumut drilling programme has proved to be very successful”, said Jadestone president and CEO Paul Blakeley.
A representative for AustralianSuper told local media that Origin’s value was “better in the hands of members and other shareholders rather than a private equity consortium seeking to make a quick return based on the proposed scheme terms and we are pleased that this is the outcome”.
Energy services giant is considering sale of “non core assets” as part of bid to improve cash flow.
Backed with up to £5m from the Scottish Government, the delayed skills passport is not expected until well into the new year.
Amid ongoing scorn over windfall taxes and a looming general election, the outlook for new project sanctions in the North Sea has remained cloudy throughout 2023.
Phillip Williams stole more than a dozen explicit pictures from his North Sea colleague's unattended Facebook account while on the Kittiwake platform.
Well Slot is a monthly feature from Energy Voice and Westwood Global looking at drilling activity and rig moves in the UK North Sea and Norway.