Westminster’s hopes of spurring North Sea spend in the coming years could be derailed by one fundamental issue: a lack of available projects.
A worker reportedly lost his life while scrapping an FPSO unit, formerly owned by Oslo-listed BW Offshore (OL:BWO), at an Indian beaching yard on 21 April, according to a report from an NGO. However, BW Offshore denied the report, and said Wednesday that the incident “was unrelated to the ongoing recycling of former BW Offshore FPSOs at the yard.”
Harbour Energy has outlined a clutch of projects expected to get underway in the North Sea this year, including new wells at the J-Area and Catcher field.
North Sea oil firm Waldorf Production has struck a deal to acquire MOL Hungarian Oil and Gas’ UK assets.
Capricorn Energy expects to earn around £56 million on the back of higher UK production, following the sale of its North Sea interests to Waldorf Production last year.
Addleshaw Goddard has completed deal activity with a combined value of £1 billion in the last month, a record for the legal firm.
Cairn Energy (LON: CNE) has completed the £334m sale of its interests in the Catcher and Kraken fields in the North Sea to Waldorf Production.
Harbour Energy has returned to profits and is predicting a boost to its North Sea production as drilling campaigns get underway.
Cairn Energy has updated its timeline for the £330m sale of its interests in the Catcher and Kraken assets in the North Sea.
Harbour Energy has picked a Maersk Drilling rig for a trio of development wells on the Catcher area of the UK North Sea.
An oil and gas worker has described how his “dream came true” having gone from a small rural town in Brazil to a North Sea FPSO.
A fire on board and other equipment failures cut production at the Premier Oil Catcher FPSO by nearly a quarter last year.
Waldorf Production’s chief executive has said the company remains hot on the trail of more acquisitions after inking a deal to buy stakes in the Catcher and Kraken fields from Cairn Energy.
Cairn Energy’s chief executive said today that the UK North Sea still offered “excitement and upside” for exploration and production firms.
Scottish oil company Cairn Energy has agreed to sell its stakes in the Catcher and Kraken fields in the North Sea to Waldorf Production for £330 million.
Scottish oil and gas firm Cairn Energy said today that its partners’ North Sea Catcher and Kraken fields were expected to “enter their natural decline phase” this year.
Premier Oil is in "final negotiations" with contractors ahead of an investment decision being made on the proposed Tolmount East development.
Shares in Premier Oil slumped by almost a quarter in London yesterday after the firm unveiled plans to raise more equity as part of a new refinancing deal.
Premier Oil expects to book charges and impairments of up to £480 million, and a 40% drop in revenues, in its upcoming half-year results due to lower oil and gas prices.
Drilling firm Valaris is set to undertake drilling and subsea work at Premier Oil's North Sea Catcher field next week.
Record levels of production from its North Sea assets were not enough to halt a drop in pre-tax profits for Premier Oil in 2019.
Helicopter operator NHV has celebrated delivery of a new aircraft for its Aberdeen base following some key contract wins.
Australia’s Talon Petroleum has announced plans to boost its acreage in the UK North Sea.
Premier Oil said today that its investment in the Catcher project had already been covered by production from the field.
Premier Oil’s boss said yesterday that the company had lots to get on with in the North Sea without feeling the need to “chase acquisitions”.