Sval Energi has signed an agreement to acquire Suncor Energy’s Norwegian business, as the Canadian group looks also to sell off its UK assets amid a pull back from the North Sea.
The UK North Sea is expected to spend $750 million on emissions allowances this year, according to new research, with the price of carbon only set to surge.
There are several hubs around the North Sea which will still be producing in a decade’s time – but 12 of these will be “key” thanks to their production upsides and emissions intensity, according to new research.
A leading analyst says the North Sea “could do with another Buzzard” to offset production decline and plug the import gap.
Finder Energy has acquired further acreage around the CNOOC Buzzard field in the Central North Sea.
A one-eyed black cat who found his way onto an offshore installation has been returned home - five years after he went missing.
Fears about potential sanctions on Chinese Government assets are driving Cnooc’s departure from the North Sea, it has been reported.
The North Sea’s new class of operators could be poised to further strengthen their dominance in the basin with several major assets expected to hit the market.
Chinese oil giant Cnooc (TSX: CNU) is putting plans in place to pull out of the North Sea, according to reports.
CNOOC has invited early engagement on the lucrative EPC contract for its Buzzard, Scott and Golden Eagle assets in the North Sea.
CNOOC has hit a key milestone ahead of first production from phase 2 of the huge Buzzard oilfield in the North Sea.
CNOOC has teased plans to electrify its North Sea platforms through floating wind and “build a new energy business” in the UK.
Australia-headquartered Finder Energy has been awarded a new licence in the UK North Sea.
Cnooc is aiming to clear some of its project backlog after booking Prosafe's Safe Boreas accommodation vessel for the Buzzard field.
Prosafe has signed a £6.1 million contract with CNOOC for the charter of the Safe Boreas accommodation vessel at the Buzzard platform in the UK North Sea.
China National Offshore Oil Company (CNOOC) has awarded a two-year North Sea contract to engineering services firm Worley.
North Sea giant Chrysaor will adopt the name of its backer once it completes the reverse takeover of Premier Oil early next year.
CNOOC has confirmed the deferral of Buzzard Phase 2, a major project to extend the life of one of the North Sea’s largest-producing oil fields.
Chinese oil firm Cnooc’s Buzzard platform in the UK North Sea may have a role to play in a flagship carbon capture and storage (CCS) project, developers have said.
CNOOC saw profits and production tumble for its North Sea business in Ray Riddoch’s final year at the helm of the operating company.
Several North Sea operators are reducing offshore crews on their UK platforms in a bid to prevent the spread of the coronavirus outbreak.
A North Sea union has condemned Wood over plans to cut sickness pay by more than 75% for its workers on CNOOC platforms.
The UK’s largest-producing oil field has once again been restarted after it was shut down for the second time in a month.
The North Sea's largest-producing oil field has been shut down for the second time in a month after a pipework repair was found to be “compromised”.
Production has been resumed at the largest-producing oil field in the UK following a shut down.