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.
BP is relaunching the sale of its interests in a number of North Sea oil fields, according to Reuters, after the collapse of its deal with Premier Oil last year.
London-listed Premier Oil this morning announced the proposed appointment of three additional directors to its board.
An Aberdeen-based technology company is bringing the latest e-learning techniques to the oil and gas industry to ensure teams have the right level of technical skills to optimise exploration and production activity.
A Scottish decarbonisation group has been successful in its bid to secure more than a million pounds to draw up an industrial emissions reduction roadmap.
Westwood Global Energy reports that as of December 28 there was one exploration well and one appraisal well active in the UK.
New figures have revealed that some North Sea operators have put off decommissioning oil and gas wells for more than 50 years.
More oil and gas firms are “pivoting” their business models towards shareholder returns and away from high risk and reward exploration, an analyst has said.
French energy giant Total is weighing up a life extension for its Elgin-Franklin fields, which recently pumped out their billionth barrel from the North Sea.
North Sea giant Chrysaor will adopt the name of its backer once it completes the reverse takeover of Premier Oil early next year.
As one of the most unusual years in all of our lives draws towards a close, we have been asked to share a few reflections on the effects felt in the energy sector.
Westwood Global Energy reports that as of December 2 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. At the time of writing, the first appraisal well of the year was preparing to spud.
A North Sea pipeline firm has been forced into liquidation after losing a court battle with Aberdeen-based Kellas Midstream.
Chrysaor is looking to book two more drilling rigs to support its North Sea operations next year, according to the firm’s executive vice president of operations.
A planned farm-out of the Premier Oil Sea Lion project in the Falklands has gone into extra time due to the firm's mega-merger with Chrysaor.
The West of Shetland oil and gas (WoS) basin has long been held aloft as the UK’s last great hope for indigenous oil and gas production growth.
The Health and Safety Executive (HSE) has criticised Chrysaor after failing to maintain the launching system for its only lifeboat on board the Jade platform.
Scottish start-up Mocean Energy has raised £850,000 for a new technology to bring wave power to subsea oil and gas.
Unmanned aviation firm Flylogix is planning more flights to monitor methane emissions from North Sea platforms early next year after reaching a new milestone.
Private equity firms that piled into oil-production assets in the past few years now find themselves stuck, and forced to contemplate novel ways to make an exit.