More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
A giant North Sea project could help disprove false perceptions on redeveloping old fields, according to a former oil boss.
North Sea work is helping bring the global FPSO market “back to life” according to a new report from Rystad Energy.
An estimated £15.6billion will be spent between now and 2025 on oil and gas projects in the UK North Sea, according to analysts GlobalData.
Bridge Petroleum, owner of the “dormant Brent giant” Galapagos, has been awarded five licenses in the latest North Sea round.
Bridge Petroleum’s plan to redevelop its Galapagos field, which has up to 800million barrels remaining, is achievable, according to an analyst.
London-based oil explorer Bridge Petroleum has launched plans to awaken “a dormant Brent giant” in the North Sea.
Atlantic Petroleum’s boss said yesterday that lower contractor costs and rising oil prices had boosted the prospects of the North Sea Orlando field.
Iona Energy’s administrators have given the defunct firm’s main suitor another two months to find the funds needed for a takeover.
North Sea-focused oil and gas development firm Bridge Petroleum is believed to have missed a deadline to wrap up its purchase of Iona Energy, which went into administration earlier this year.