JX Nippon Exploration and Production Ltd. is preparing the sale of its oil and gas fields in the UK North Sea, according to people with knowledge of the matter.
The Glengorm gas discovery, hailed as the biggest in the UK North Sea for more than a decade, could still turn out to be a major find despite suffering a setback, an analyst has said.
Total is exploring the possibility of using renewable energy sources to power two of its North Sea gas fields.
Catering firm Aramark has landed a five-year contract award with Total across several of its UK North Sea assets.
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.
Global marine and engineering consultancy LOC Group is looking to boost its north-east headcount in an effort to meet demand and secure new opportunities.
French energy giant Total this morning announced first-half net losses of £6.5 billion, but provided some cheer by maintaining its dividend and celebrating a major discovery off Suriname.
Total barely managed to stay in profit for the start of 2020 as oil prices took a nosedive due to the Covid-19 outbreak.
Flights have been resumed to one of the UK’s largest gas fields after a worker suspected to have coronavirus was taken to shore.
Flights have been temporarily suspended to one of the UK’s largest offshore gas fields after a suspected coronavirus case at an adjacent drilling rig.
Babcock Offshore said today that it had won two new contracts for helicopter crew change operations out of its Aberdeen base.
Lower oil prices offset an otherwise good performance for BP in the first half of the year, while major projects such as Culzean in the North Sea came online.
French energy giant Total has announced plans to sell another £4billion of assets, mainly from oil and gas, in this financial year.
Total will remain one of the major players in the UK North Sea despite the proposed sale of a package of assets to Petrogas in a £509m deal.
Total’s UK boss said the French major would keep searching for new discoveries in and around its central North Sea (CNS) stronghold.
A huge North Sea field capable of covering 5% of UK gas demand has come on stream following investment of around £3.5 billion.
The North Sea is the gift that keeps on giving for Total, an analyst has said.
First production from one of the UK’s largest gas fields is due in “a few days’ time”, according to the North Sea boss of Total.
Energy giant Total has said it is just weeks away from starting up production at one of the UK’s largest offshore gas fields.
A boss at supermajor BP has challenged the view that suppliers are due an increase in rates.
A cycle of “renewed growth” has been forecasted for the North Sea as new projects drive up production levels.
Total has released a video showcasing how its huge Culzean project came to life ahead of first gas later this year.
An offshore worker has died after falling into the North Sea.
A heady cocktail of beefed up budgets and fierce competition for acquisitions will create a “renaissance” for North Sea exploration this year, analysts said.
A strike ballot on one of the UK’s largest offshore gas projects has been cancelled.