“The wider refinancing continues, and while the overall cost of the debt has increased, the maturity of the debt has been extended, which takes pressure off the balance sheet in the near term,” Kelty said.
A handful of West of Shetland assets have been highlighted by industry experts as potential acquisition targets for Viaro Energy.
Last year, theft on the Nembe Creek Trunk Line (NCTL) and Trans Niger Pipeline ranged from 30% to 90%.
Aberdeen-headquartered Wood Group (LON: WG) has knocked back three takeover attempts by an American private-equity firm.
Already reeling from the impact of the windfall tax levy, some North Sea firms are reportedly adjusting plans in expectation of losing investment incentives under a Labour government.
Tullow Oil expects to begin drilling wells on Jubilee South East this quarter, with the aim of boosting production beyond 100,000 barrels per day in 2025.
Jersey Oil and Gas is making “great progress” in its quest to find a partner for the Greater Buchan Area (GBA) redevelopment.
A permanent feature of the West of Shetland for many years, the Foinaven vessel recently left the namesake BP field for the last time.
Like much of his tenure as Prime Minister, Boris Johnson’s relationship with the energy sector has been somewhat rocky.
Savannah Energy has signed a second gas sales agreement this year via its Accugas subsidiary.
As industry grapples with the newly-imposed windfall tax, questions linger on the government's view of a so-called "normal" price for oil and gas.
Next week will see supermajors BP and Shell publish results for one of the most turbulent quarters in recent memory, as they each look to reconcile continued bumper cash flows with the write-down of Russian investments.
While the future of the Cambo project remains on hold, Siccar Point Energy’s intentions for the scheme could soon become clearer.
Shell’s shock decision to back out of the contentious Cambo field caps a tough few months for the oil giant, as far as the North Sea goes.
The UK regulator’s decision not to approve Shell’s Jackdaw plan could have been impacted by the ongoing Cambo storm, an analyst has claimed.
A major downgrade in reserves, a written-off discovery and warnings of a shareholder wipeout are a “real blow to investors and debt holders” of Hurricane Energy, an analyst has said.
Robert Trice’s exit from Hurricane Energy is “disappointing news” and a “big blow” for the company, an analyst has said.
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
North Sea job losses could be a potential outcome of “creating another giant” in the oilfield services sector, a top energy consultant said yesterday,
A “knee-jerk” reaction from investors to a combination of factors including recent results, Brexit and the coronavirus have been blamed for a 20% slide in Hurricane Energy’s share price.
Speculation arose last night as two oil and gas operators emerged as potential bidders for a package of Chevron’s North Sea assets.
The discovery of an “absolutely colossal” untapped oil field has given the North Sea a welcome shot in the arm.