Updated: Watchdog criticises Harbour Energy over Armada platform condition
Safety watchdogs have criticised Harbour Energy over the condition of caissons on the Armada platform in the UK North Sea.
Chrysaor
North Sea M&A: Dealing with the ‘what ifs’ key to a smooth transaction
At the start of the new tax year, we explore the financial landscape of the energy sector.
Harbour Energy talked up as future ‘go-to’ for oil investors on London debut
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.
‘Landmark day’: Harbour lists in London as Chrysaor and Premier complete deal
Exploration and production firm Harbour Energy makes its bow on the London Stock Exchange today.
Court approves Chrysaor – Premier Oil merger
A Scottish court has given the green light to the merger of UK operators Chrysaor and Premier Oil.
Chrysaor and Premier Oil sink to losses in final results ahead of merger
Chrysaor and Premier Oil have issued their last sets of separate financial results ahead of completing their merger at the end of the month.
Chrysaor VP predicts ‘huge amount of activity’ to 2025 for UK platform electrification
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 looks to redevelop Affleck field in ‘opportunity rich’ North Sea
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 awards Fluor’s Stork North Sea asset integrity contract extension
Chrysaor has extended a contract with Stork, a Fluor company, for asset integrity services in the UK North Sea by two years.
UK oil industry moves to address ‘gap’ in climate reporting
The UK oil and gas sector has announced a move to address a “gap” in investor expectations for climate-related reporting.
EnerMech lands string of UK contracts worth ‘tens of millions’ of pounds
Aberdeen-headquartered engineering firm EnerMech has won a string of contracts for its UK operations worth “tens of millions” of pounds.
Potential for use of wave energy in subsea operations to be explored in Aberdeen
Renewable energy could soon be used to run subsea oil and gas equipment as part of efforts to slash operational emissions.
Transparent pay gap reporting highlights progress towards gender balance in oil and gas
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.
Reskilling the energy workforce, and inspiring the next generation
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.
‘We want to grow further from here’: NEO Energy rising up North Sea ranks
NEO Energy plans to continue its growth spurt after announcing a billion-dollar deal to acquire ExxonMobil assets in the North Sea.
One in three success rate for Norwegian explorers so far in 2021
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.
Premier-Chrysaor merger gets blessing from regulators and anti-trust bodies
London-listed Premier Oil’s reverse takeover by Chrysaor is on track to complete on March 31.
Drilling kicks off at Chrysaor’s Jerv exploration well
Drilling operations have kicked off on Chrysaor’s Jerv exploration well offshore Norway.
Reasons for cautious optimism among diving contractors in 2021
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.
IOCs eye $12 billion worth of mergers and acquisition deals in the Asia Pacific region
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 sinks to losses of £18bn in 2020 as Covid and crude price crash take toll
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.
North-east carbon capture group determined to plot a net-zero future
“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 moves Tolmount East timeline
Premier Oil has pushed back the timeline for sanctioning its Tolmount East development in the North Sea.
Premier Oil – Chrysaor name new CFO for merged company
Premier Oil and Chrysaor have announced the appointment of a new chief financial officer (CFO) for the merged North Sea oil company.
Zennor goes ‘carbon neutral’ ahead of first gas from flagship North Sea field
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.