Chrysaor, the North Sea's largest net producer, has cut spending plans by 30% in response to the Covid-19 pandemic, bringing delays to growth projects.
Weak gas prices saw profits slip at Chrysaor last year, who recently became the largest net producer in the UK North Sea.
A “massive move” is underway to embrace the carbon capture, usage and storage (CCUS) sector by North Sea supply chain firms, according to the boss of a new industry and government alliance.
A north-east carbon capture and hydrogen production project has reached key milestone with the appointment of a major contractor.
Chrysaor has hired a lab analyst and basin modelling firm to help scope out further exploration and production potential at its UK North Sea assets.
It is hard to know where to begin when describing the scale of the crisis gripping Big Oil.
The Oil and Gas Authority (OGA) has slammed “poor behaviour” in the North Sea supply chain, with firms facing demands to cut rates as much as 40% “overnight”.
An oil industry representative body has announced the formation of a North Sea recovery taskforce as “hard decisions” start to bear down over thousands of redundancies in the sector.
Burullus Gas has ended a contract for Transocean’s Deepwater India rig, which had been operating in Egypt.
Oil and gas firm Apache has taken a step forward in its mission to develop the Gair field in the northern North Sea.
Transocean has said it is “taking precautions” after two crew members tested positive for Covid-19 on one of its rigs offshore UK.
An Aberdeen-headquartered company has successfully dismissed a £37m legal challenge around a major North Sea pipeline system.
Westwood Global Energy reports that as of 2 April there was one exploration well that was in the process of completing, with no active E&A drilling.
A series of North Sea operators are working to remove cabin sharing offshore “wherever possible” in order to prevent the spread of the coronavirus.
An offshore worker has been put into quarantine on a North Sea platform operated by Chrysaor.
A suspected coronavirus sufferer has been flown back to shore from a North Sea platform.
Pioneering new wave technology, which could revolutionise the way in which we capture energy from the sea, is being created in Fife.
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
Energy giant BP has joined a list of operators working to reduce offshore crew numbers on its North Sea assets in response to the coronavirus outbreak.
Several North Sea operators are reducing offshore crews on their UK platforms in a bid to prevent the spread of the coronavirus outbreak.
A worker on a North Sea platform has been quarantined offshore after being suspected of contracting coronavirus.
The last time crude prices crashed in 2014, the North Sea looked like a treasure trove for private equity looking to buy cheap assets, build them up and sell for a profit. Now, just as these firms are seeking an exit, the oil-price war might leave them trapped
Offshore support ship operator Sentinel Marine, of Aberdeen, has clinched new contracts and extensions worth £36 million since the start of 2020.
It was an interesting year for deal-making in 2019, despite political and economic challenges.
An Aberdeenshire project has been awarded £2.7million to test and develop a cost-effective way or converting North Sea gas to a clean fuel.