Apache, CNOOC and Equinor will see hundreds of millions of dollars slashed.
The UK safety regulator has warned CNOOC over its inspection routines for process equipment on board the North Sea’s Buzzard platform.
Analyst firm Wood Mackenzie has predicted more firms could exit the UK North Sea in 2024.
Unite signs third recognition deal with an offshore operator following prior agreements with TotalEnergies and CNOOC.
A potential 150 million-barrel field has been uncovered next to the UK’s giant Buzzard project in the Central North Sea, it’s been claimed.
Celebrations have been held at the Scott production hub, around 115 miles north-east of Aberdeen, to recognise thirty years of production.
Once the partners reach a final investment decision (FID), it would take around three years to reach first gas.
Cnooc Ltd. said its first-half profit declined as oil prices slumped over concerns about global growth, even as China’s biggest offshore driller benefited from strong output during the period.
Tributes have been paid to offshore worker who died after a medical emergency while working on a North Sea platform last week.
Shelf Drilling has secured a contract for drilling work at CNOOC’s Golden Eagle field in the central North Sea.
Chinese state-owned oil and gas company CNOOC (TSX: CNU) has raised the curtain on its new North Sea managing director.
Spirit Energy has appointed former CNOOC VP Scott McGinigal as technical services and HSES director.
Trade union Unite is hailing a “significant” milestone after signing a recognition deal with a major North Sea operator.
The league table of the top 15 production hubs in the UK North Sea has seen a raft of changes in the last year.
Chinese oil group Cnooc has successfully built its first floating wind turbine, which will be used to power oil and gas operations.
Once hailed as the UK’s largest gas discovery in a decade, CNOOC’s Glengorm development is now more likely to become a subsea tie-back - if it progresses at all.
As of 24 February, Westwood Global Energy reports that there are two exploration wells, with one each in the NNS and SNS, and one appraisal well active in the CNS. Since the previous report, one exploration well has completed at Orlov.
China is looking for shipments of liquefied natural gas (LNG) into next summer, a move which could tighten global supply and steal shipments away from Europe.
The Prosperity FPSO will be the third of four FPSOs Keppel is undertaking for deployment in Guyana.
Kingfisher will have around 20 production wells and 11 water injection wells, from four pads.
Shell (LON:SHEL) has signed a Joint Study Agreement with CNOOC, Guangdong Provincial Development and Reform Commission, and ExxonMobil (NYSE:XOM) for the Daya Bay carbon capture and storage (CCS) hub project in China.
Philippine oil and gas drillers tumbled Wednesday after the top court voided the nation’s 2005 deal with China and Vietnam to jointly explore for oil and gas in the South China Sea, less than a week after President Ferdinand Marcos Jr. agreed to revive similar talks with Beijing.
China National Offshore Oil Corp. pledged higher spending this year as Beijing looks to raise production to safeguard energy security and fuel a rebound in economic growth.
Equinor (OSLO: EQNR) is chewing over whether to make a play for a package UK North Sea assets currently owned by Suncor, according to reports.