Safety watchdogs have criticised Harbour Energy over the condition of caissons on the Armada platform in the UK North Sea.
At the start of the new tax year, we explore the financial landscape of the energy sector.
Harbour Energy was lauded as a future “go-to” name for oil and gas investors after making its debut on the London Stock Exchange yesterday.
Exploration and production firm Harbour Energy makes its bow on the London Stock Exchange today.
A Scottish court has given the green light to the merger of UK operators Chrysaor and Premier Oil.
Chrysaor and Premier Oil have issued their last sets of separate financial results ahead of completing their merger at the end of the month.
A senior boss at Chrysaor has projected a “huge amount of activity in the North Sea” for offshore platform electrification in the coming years.
Neo Energy intends to make a call on the redevelopment of the Affleck field in the UK central North Sea “in the next few months”.
Chrysaor has extended a contract with Stork, a Fluor company, for asset integrity services in the UK North Sea by two years.
The UK oil and gas sector has announced a move to address a “gap” in investor expectations for climate-related reporting.
Aberdeen-headquartered engineering firm EnerMech has won a string of contracts for its UK operations worth “tens of millions” of pounds.
Renewable energy could soon be used to run subsea oil and gas equipment as part of efforts to slash operational emissions.
Transparency in reporting is producing results, with most operators showing year on year improvements towards gender balance. We encourage all employers to publish their data without delay, and use it to drive their action plans. With metrics like the median pay gap (-3% to 46%), percentage of women at the top (5% to 35%) and percentage of women overall (11% to 41%) varying massively between organisations, it’s clear balance is attainable within our industry but it takes sustained determination at all levels of leadership.
The energy sector faces two existential shifts in the coming years, with the digitalisation of existing energy systems and the transition to a future energy mix.
NEO Energy plans to continue its growth spurt after announcing a billion-dollar deal to acquire ExxonMobil assets in the North Sea.
Westwood Global Energy reports that there were five exploration well programmes active on the Norwegian Continental Shelf as of February 24. A total of three exploration wells have completed to date in 2021, from which one commercial discovery was made with total resources of c. 57 mmboe, giving a 33% commercial success rate.
London-listed Premier Oil’s reverse takeover by Chrysaor is on track to complete on March 31.
Drilling operations have kicked off on Chrysaor’s Jerv exploration well offshore Norway.
Diving contractors have good reason to be cautiously optimistic for the rest of 2021, according to new research from Aberdeen-based energy market intelligence firm Archer Knight.
Upstream merger and acquisitions (M&A) deals are expected to rebound in Asia Pacific this year after plunging to their lowest level this century in 2020, when the pandemic and collapse in oil and gas prices killed activity.
BP fell to pre-tax losses of £18 billion in 2020 as the energy giant’s balance sheet creaked under the weight of lower oil and gas prices.
“I’m really not that interested in creating a glossy report. What I want is solid concept engineering; here is a tool that allows industrial sites to look at the options and start this journey to decarbonisation.”
Premier Oil has pushed back the timeline for sanctioning its Tolmount East development in the North Sea.
Premier Oil and Chrysaor have announced the appointment of a new chief financial officer (CFO) for the merged North Sea oil company.
North Sea minnow Zennor Petroleum claims to have become one of the first UK operators to go “carbon neutral” as first gas from its flagship Finlaggan field beckons.