Cnooc’s $3bn UK portfolio sale has stalled on valuation gap
Cnooc (TSX: CNU) has paused a planned sale of its UK North Sea portfolio, which could have been valued at as much as $3 billion in a deal, according to people familiar with the matter.
Buzzard
More North Sea operators tipped to exit basin in 2023
Further North Sea oil and gas players are being tipped to up sticks next year as companies look to streamline their portfolios.
CNOOC comments on potential sale of North Sea assets
One of the top bosses at China’s CNOOC has refused to rule out a sale of its North Sea assets amid mounting speculation on its UK portfolio.
Equinor considering play for CNOOC’s UK assets: reports
Norway’s Equinor is reportedly considering the purchase of UK oil assets held by Chinese state-backed operator CNOOC International, according to a Norwegian newspaper.
Suncor sells to Sval in Norway exit, UK deal in works
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.
Costly carbon: North Sea to spend $750 million on emissions allowances in 2022
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.
The Not-So-Dirty Dozen: Key North Sea hubs still producing in 2032
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.
UK needs ‘another Buzzard’ to balance North Sea decline and reduce imports
A leading analyst says the North Sea “could do with another Buzzard” to offset production decline and plug the import gap.
Finder Energy acquires acreage around the giant CNOOC Buzzard field
Finder Energy has acquired further acreage around the CNOOC Buzzard field in the Central North Sea.
North Sea Tiger: One-eyed cat stows away on oil platform
A one-eyed black cat who found his way onto an offshore installation has been returned home - five years after he went missing.
Reuters – Cnooc North Sea exit spurred on by fears about potential sanctions
Fears about potential sanctions on Chinese Government assets are driving Cnooc’s departure from the North Sea, it has been reported.
Harbour Energy, NEO and Waldorf all ‘likely’ destinations for Cnooc assets
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 planning North Sea exit as part of ‘strategic shift’ – report
Chinese oil giant Cnooc (TSX: CNU) is putting plans in place to pull out of the North Sea, according to reports.
CNOOC invites ‘alternative strategies’ for Buzzard, Scott and Golden Eagle EPC deal
CNOOC has invited early engagement on the lucrative EPC contract for its Buzzard, Scott and Golden Eagle assets in the North Sea.
CNOOC hits major milestone on way to phase 2 of Buzzard mega-field
CNOOC has hit a key milestone ahead of first production from phase 2 of the huge Buzzard oilfield in the North Sea.
CNOOC teases floating wind plan to ‘build a new energy business’ in UK
CNOOC has teased plans to electrify its North Sea platforms through floating wind and “build a new energy business” in the UK.
Newcomer Finder Energy bags North Sea licence near CNOOC’s Buzzard field
Australia-headquartered Finder Energy has been awarded a new licence in the UK North Sea.
Cnooc aiming to catch up on delayed projects after booking accommodation vessel for Buzzard
Cnooc is aiming to clear some of its project backlog after booking Prosafe's Safe Boreas accommodation vessel for the Buzzard field.
Prosafe scoops £6m contract with Cnooc for Buzzard project
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.
Worley wins two-year North Sea EPC contract with CNOOC
China National Offshore Oil Company (CNOOC) has awarded a two-year North Sea contract to engineering services firm Worley.
Chrysaor to adopt name of largest shareholder Harbour once Premier deal completes
North Sea giant Chrysaor will adopt the name of its backer once it completes the reverse takeover of Premier Oil early next year.
Updated: CNOOC postpones Buzzard Phase 2 project to extend life of North Sea mega-field
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.
Cnooc’s Buzzard platform could feed into carbon capture project
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 profits and production drop during Riddoch’s final year
CNOOC saw profits and production tumble for its North Sea business in Ray Riddoch’s final year at the helm of the operating company.
North Sea firms reduce offshore crews in bid to prevent coronavirus spread
Several North Sea operators are reducing offshore crews on their UK platforms in a bid to prevent the spread of the coronavirus outbreak.