Following a period of relatively low deal activity, in 2018 we started to see an uptick in deals – but that has paused slightly since the oil price fall at the end of 2018. Are there more deals to be done, or has oil price volatility cooled off the M&A market? What do the trends and themes seen in some of the latest UKCS M&A deals tell us?
Energy giant BP boosted its pre-tax earnings in the first three months of 2019, which it said showed "resilience" in a "volatile period”.
A boss at supermajor BP has challenged the view that suppliers are due an increase in rates.
The past year has marked a significant milestone in the North Sea’s history, with one of the world’s largest oil producers, Shell, celebrating 50 years of North Sea production and predicting a positive outlook for the next 50. This renewed positivity and optimism has been reaffirmed recently with the likes of Gannet E coming back online, Buzzard restarting output and production from new fields, including Garten and Clair.
Lerwick Harbour’s strategic location has been the building block for its huge contribution to the development of east Shetland Basin oil fields over the past 50 years.
Locked away in BP’s archive is a handwritten note.
A major milestone for the North Sea oil industry has been reached today following the announcement of first oil from one of its biggest projects.
Bosses at BP were bullish about the future of the Clair field, west of Shetland, after the oil major reported soaring first-half profits yesterday.
Oil giant BP will increase its equity in the Clair field after agreeing to buy a 16.5% stake from ConocoPhillips.
It seems like I’ve been writing about various bits of the Atlantic Frontier, from the Arctic to the Falkland Islands, forever. Reality is I’ve been at it for 27 years so roughly half the lifespan of the UK Continental Shelf.
BP’s Clair was one of the North Sea’s original giants.
BP has started flying workers back to a North Sea platform which was evacuated Saturday following a power cut.
A BP spokesman this morning confirmed it was evacuating all non-essential personnel after a power cut hit its West of Shetland Clair platform.
BP said production remains shutdown on its Clair platform after an oil leak earlier this month.
Oil major BP said there were "no visible signs" of oil on the sea surface after a leak from the Clair platform in the North Sea.
A BP oil platform had to be shut down yesterday morning after it started leaking oil.