Analyst predicts return of marginal gains ethos in North Sea
Coach Sir Dave Brailsford is widely credited with turning around the fortunes of Britain’s cyclists using the “marginal gains” philosophy.
Cambo
Shell boss says headcount reductions ‘probable’ in time, while projects also at risk
Shell’s boss has said the firm will “probably” have to reduce its headcount and “resize” parts of the organisation the longer the oil price slump lasts.
Siccar Point delays approval for flagship Cambo field in West of Shetland
Siccar Point Energy has announced it will defer approval of its highly-anticipated Cambo development until the second half of next year due to the coronavirus outbreak.
More than a dozen North Sea projects face red light due to oil price plummet
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
All the North Sea’s majors are switched on to platform electrification, says Baker Hughes VP
Every major oil firm in the UK and Norway is now engaged in talks on electrification of offshore platforms, according to energy services giant Baker Hughes.
The other side of Lerwick’s story
Lerwick harbour continues to add to its reputation as a leading support hub for the oil and gas industry in northern waters through its contribution to the offshore sector’s operations west of Shetland.
Consultancy Genesis says margins remain under pressure amid stiff competition
A global oil and gas consultancy with a base in north-east Scotland has blamed stiff competition for a near doubling of its pre-tax losses.
Siccar Point sale attracts bids of up to $2bn – report
Bids to buy North Sea producer Siccar Point Energy have come in at between $1.2bn and nearly $2bn, according to a news report.
Siccar Point reaches another milestone ahead of Cambo FID
Siccar Point Energy has reached another checkpoint en route to a final investment decision (FID) for its 900 million barrel Cambo project off Shetland.
Siccar Point aims to keep options open with new gas line west of Shetland
The design for the Cambo field, west of Shetland, will take some of the sting out of a problem that has “held back” production from the area for decades, an oil company chief said.
Time for a rethink in the Faroes
It’s fifth offshore oil & gas licensing round is likely to be the final throw of the hydrocarbons dice for the Faroe Islands.
Sembcorp selected for Cambo FPSO front end design
Siccar Point Energy has handed out a contract for the front end design of a production vessel for the 800-million barrel Cambo project, north-west of Shetland.
Disappointment as Lyon comes up dry for Siccar Point
One of the most highly anticipated exploration prospects in the UK North Sea this year has come up dry.
Shell to pump billions into ‘very high quality’ North Sea business
Shell's boss said yesterday that the energy major will invest "billions of dollars" in the UK North Sea in the coming years.
Warwick Deep tested in West of Shetlands
Westwood Global Energy reports that at the end of April, three exploration wells were active, with two in the West of Shetlands and one in the Central North Sea.
Siccar Point kicks off 2019 drilling campaign with Blackrock
Siccar Point Energy has kicked off its 2019 drilling campaign with the spudding of an exploration well at the Blackrock prospect west of Shetland (WoS).
Crondall Energy targets growth from west of Shetland experience
Crondall Energy is hoping to leverage its experience on major projects for more work in the west of Shetland (WoS) region.
Shell targeting growth in North Sea business
Shell remains firmly focused on beefing up its UK North Sea business in spite of recent oil price volatility, the energy giant’s boss said yesterday.
West of Shetland dream coming true for Siccar Point
There’s never been a more exciting time on the UK Atlantic Frontier.
Siccar Point adds clout with beefed up lending facility
Siccar Point Energy has beefed up its financial clout with ahead of what promises to be a busy 2019 for the North Sea oil firm.
North Sea players bring ‘rebound’ to FPSO market
North Sea work is helping bring the global FPSO market “back to life” according to a new report from Rystad Energy.
Siccar starts final Cambo appraisal well, completes Shell deal
Aberdeen oil firm Siccar Point Energy has started drilling a final appraisal well on the Cambo field, north-west of Shetland.