BP will step back from acquisitions in the coming years as it weighs ‘big decisions’ over new project sanctions, CEO Murray Auchincloss told investors.
Newmachar-based Camm-Pro has landed a multimillion-pound contract with UK supermajor BP for the construction of a new pipeline on Shetland.
Odfjell Technology contractors on BP’s Clair platform in the North Sea have been told that redundancies are being made on the installation.
BP confirmed it has started work on a long-mooted gas pipeline at the Sullom Voe terminal on Shetland.
Ithaca Energy (LON: ITH) has paused its efforts to electrify assets in the West of Shetland, Energy Voice understands.
The league table of the top 15 production hubs in the UK North Sea has seen a raft of changes in the last year.
Five and a half years ago, production started from phase two of BP’s Clair field West of Shetland and thoughts at the company started turning towards phase three, Clair South.
BP (LON: BP) is looking to the next phase of its giant Clair oilfield in the west of Shetland, with a key final investment decision (FID) hoped to be reached next year.
A handful of West of Shetland assets have been highlighted by industry experts as potential acquisition targets for Viaro Energy.
Dozens of offshore drillers, stationed on BP’s (LON: BP) Clair and Clair Ridge platforms, have secured an extra three weeks paid time off.
Almost 100 offshore workers employed by contractor Odfjell are set to strike on board two flagship BP assets in a dispute over rotas and leave.
There are only six big-spend projects expected for the UK North Sea and West of Shetland in the coming years, meaning limited opportunity for big players to benefit from windfall tax offsets.
Petrofac workers will down tools for 48 hours at a series of BP and Repsol Sinopec assets across the North Sea today, as disputes over pay and rota patterns show no sign of resolution.
A raft of fresh North Sea strikes – that will impact more than a dozen assets operated by Repsol Sinopec and BP (LON: BP) - have been announced.
BP (LON: BP), Ithaca Energy (LON: ITH) and Equinor (OSLO: EQNR) will see the valuations of their West of Shetland oilfields increase by half a billion dollars after electrification, according to analysis.
A frontier near the huge Cambo and Rosebank fields in the West of Shetland has been left “underexplored” according to a new study.
Equinor is hoping its £8 billion Rosebank project can “trigger” wider electrification across the West of Shetland region.
Wildcat strikes affecting up to 16 North Sea assets have now ended, offshore contractors said, as workers lodge formal grievance letters.
There are several hubs around the North Sea which will still be producing in a decade’s time – but 12 of these will be “key” thanks to their production upsides and emissions intensity, according to new research.
BP has announced plans to invest £18 billion in the UK energy system by 2030, with the North Sea at its heart, days after calls were once again raised for an oil and gas windfall tax.
BP has invested £3m into unmanned aviation firm Flylogix following methane monitoring trials in the UK North Sea.
Shell has said it is working with Siccar Point Energy and the UK Government to “map out the next steps” on the Cambo project.