ExxonMobil announces Redtail oil discovery offshore Guyana
ExxonMobil has announced another oil discovery off the coast of drilling hotspot Guyana, at its Redtail well.
CNOOC
Updated: Hunting shares up on dividend, 20 north-east jobs cut
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.
Updated: CNOOC postpones Buzzard Phase 2 project to extend life of North Sea mega-field
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.
TechnipFMC bags huge contract for Mero 2 project off Brazil
The Libra Consortium has awarded TechnipFMC a huge contract for the Mero phase two project offshore Brazil.
Third phase of Mero development off Brazil sanctioned
Total and its partners have taken an investment decision for the third phase of the Mero project offshore Brazil.
Cnooc’s Buzzard platform could feed into carbon capture project
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.
Danger of a China crisis
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.
UAE approves Cnooc’s offshore entry
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 profits and production drop during Riddoch’s final year
CNOOC saw profits and production tumble for its North Sea business in Ray Riddoch’s final year at the helm of the operating company.
OGUK board reshuffle sees Aker Solutions boss appointed contractor vice co-chair
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 hungry for high risk, high impact exploration – Westwood
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.
Continuous improvement teams should be highly prized, not cast aside
A continuous improvement (CI) professional has started up an Aberdeen consultancy which she believes can support North Sea industry’s post-Covid transformation.
North Sea veteran Riddoch joins board of px Group
North Sea veteran Ray Riddoch has joined the board of px Group, which operates the St Fergus gas processing plant near Peterhead, to help drive forward its offshore ambitions.
China eyes African opportunities
Amidst the oil price crash crisis and the pressure on companies, opportunities are emerging for those with resources.
CNOOC opts out of Uganda pre-emption
CNOOC Uganda will not pre-empt the sale of Tullow Oil’s stake in Lake Albert to Total.
Asian NOCs eye once-in-a lifetime overseas M&A opportunities
Cashed-up Asian NOCs are actively screening international assets and companies for once-in-a lifetime acquisition opportunities amidst the global downturn.
No alarm over future for North Sea, oil boss says
Neptune Energy’s UK boss said on Tuesday that talk of the North Sea oil and gas industry being wiped out by a collapse in crude prices is premature.
Apache ‘reducing activities’ on North Sea assets to prevent coronavirus spread
Apache is the latest in a growing list operators to confirm it is taking measures to prevent the spread of the coronavirus in the North Sea.
Flights resumed to Total’s Culzean field after suspected coronavirus patient taken to shore
Flights have been resumed to one of the UK’s largest gas fields after a worker suspected to have coronavirus was taken to shore.
North Sea firms reduce offshore crews in bid to prevent coronavirus spread
Several North Sea operators are reducing offshore crews on their UK platforms in a bid to prevent the spread of the coronavirus outbreak.
Oil price war may trap private-equity firms in North Sea
The last time crude prices crashed in 2014, the North Sea looked like a treasure trove for private equity looking to buy cheap assets, build them up and sell for a profit. Now, just as these firms are seeking an exit, the oil-price war might leave them trapped
Asco wins £100million North Sea extension with CNOOC
Aberdeen-headquartered energy services firm Asco has been awarded a North Sea deal worth more than £100million with operator CNOOC.
International SOS reports acquisitions in good health
Aberdeen occupational health firm International SOS has seen its fair share of M&A activity over the years.
Woodmac: Coronavirus and the impact on gas and LNG
As with all commodities, the impact of the novel coronavirus (2019-nCoV) on Chinese gas demand will depend on both the severity and length of time required to contain the outbreak.