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.
China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oilfield in Iraq, which could fetch at least $500 million, according to people familiar with the matter.
Parkmead Group, of Aberdeen, has widened its search for a host facility for its Greater Perth Area (GPA) project in the central North Sea.
A pilot test of a pioneering microbial technology has delivered a production increase of more than 25,000 barrels at a UK North Sea oilfield.
Westwood Global Energy reports that as of October 28 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. There has been no appraisal drilling to date this year.
Canada’s Suncor Energy Inc. is exploring the sale of a handful of oil and gas fields in the North Sea, according to people with knowledge of the matter.
Stena Drilling has struck a deal with CNOOC International for a one-well job off Newfoundland, Canada.
Total has delivered its first cargo of carbon neutral LNG to China National Offshore Oil Corp.’s (CNOOC) Dapeng terminal.
The Chrysaor-Premier Oil mega merger won’t mark the end of Chrysaor’s acquisition spree, according to the top consultant at Westwood Global.
US oil major ExxonMobil has made a final investment decision to develop the $9 billion, 600 million barrel Payara field off Guyana.
CNOOC is looking for buyers for its Scott platform and associated oilfields in the UK North Sea, according to Reuters.
The Covid-19 pandemic has devastated global oil and gas project sanctioning this year and will cause total committed spending to drop to around $53 billion from 2019’s $190 billion, Rystad Energy says.
ExxonMobil has announced another oil discovery off the coast of drilling hotspot Guyana, at its Redtail well.
Hunting laid off about 20 employees in the north-east during the first half of 2020 as the Covid-19 pandemic and oil price drop caused demand to falter.
CNOOC has confirmed the deferral of Buzzard Phase 2, a major project to extend the life of one of the North Sea’s largest-producing oil fields.
The Libra Consortium has awarded TechnipFMC a huge contract for the Mero phase two project offshore Brazil.
Total and its partners have taken an investment decision for the third phase of the Mero project offshore Brazil.
Chinese oil firm Cnooc’s Buzzard platform in the UK North Sea may have a role to play in a flagship carbon capture and storage (CCS) project, developers have said.
In the world of geopolitics, it is remarkable how quickly a valued business partner can turn into the object of suspicion and candidate for sanction. The UK’s relationship with China now hangs in that delicate balance.
Abu Dhabi has approved the transfer of rights, from China National Petroleum Corp. (CNPC) to Cnooc Ltd, in the Lower Zakum and Umm Shaif and Nasr offshore concessions.
CNOOC saw profits and production tumble for its North Sea business in Ray Riddoch’s final year at the helm of the operating company.
The UK boss of Aker Solutions will represent North Sea contractors as part of a reshuffle within the board of representative body Oil and Gas UK (OGUK).
North Sea operators still have the “appetite” for high impact exploration over the coming 12-18 months, according to Westwood Global Energy Group, despite low success rates.
Energean will listen to offers for huge UK gas discovery, but not ‘actively’ seeking buyers, boss says
Energean’s boss said on Monday he would listen to good offers for its soon-to-be-acquired stake in the UK’s biggest offshore gas discovery in a decade.
A continuous improvement (CI) professional has started up an Aberdeen consultancy which she believes can support North Sea industry’s post-Covid transformation.