Strong showing from Kraken boosts Bumi Armada profits
Profits at Bumi Armada jumped last year thanks to a strong showing from its Armada Kraken FPSO in the North Sea.
EnQuest
EnQuest farms-down Eagle discovery to Hibiscus for $1
EnQuest has agreed to farm-down an 85% stake in its Eagle discovery in the North Sea to Anasuria Hibiscus for a “nominal” $1 fee.
Petronas boosts terms for shallow-water and late-life assets
Petronas MPM hopes to lure investors to Malaysia’s shallow-water and late-life assets after revealing new fiscal terms as part of an ongoing effort to revive its domestic upstream sector. The move could help Malaysia steal a march on neighboring countries.
North Sea firms see shares jump on oil price rally
North Sea operators including Shell, BP, EnQuest and Premier Oil have all seen their shares jump in light of the oil price rally.
EnQuest to buy Suncor’s North Sea Golden Eagle stakes for £240m
EnQuest has struck a deal to buy Canadian firm Suncor's 26.69% stake in the Golden Eagle area of the UK North Sea for £240 million.
Ex-Petronas CEO joins ExxonMobil board in surprise move
The former boss of Malaysian national oil company (NOC) Petronas, Tan Sri Wan Zulkiflee, has joined ExxonMobil’s board of directors, in a move that has surprised some industry watchers.
Greenpeace investigation names worst companies for flaring in UK North Sea
A Greenpeace investigation has named the five worst firms for flaring and venting in the UK North Sea, emitting nearly 20million tonnes of CO2 equivalent between 2015-2019.
‘Serious intent’ to get major west of Shetland oil projects to net zero – Orion
West of Shetland operators are working with “serious intent” to get huge new oil projects “to a net zero outcome”, according to the head of a major clean energy scheme on the islands.
EnQuest wraps up deal for stake in Bressay field
London-listed EnQuest said today it had completed the £13 million acquisition of a stake in the Bressay field from Equinor.
Cairn says Kraken and Catcher reaching ‘natural decline phase’, targets ‘Jaws’ prospect with Shell
Scottish oil and gas firm Cairn Energy said today that its partners’ North Sea Catcher and Kraken fields were expected to “enter their natural decline phase” this year.
EnQuest files £25.8m legal claim against BP over ‘unpaid invoices’ at Sullom Voe Terminal
EnQuest has launched a legal claim against BP worth nearly £26 million for allegedly failing to pay invoices relating to Sullom Voe Terminal in Shetland.
North Sea firms enjoy share price bump on OPEC deal
North Sea firms ranging from BP to Hurricane Energy have enjoyed share price hikes after a deal was reached by OPEC to curb oil production.
Seapulse deal ‘still alive’ despite going quiet, says Maersk Drilling
The chief operating officer of Maersk Drilling has said its deal with fledgling explorer Seapulse, targeting four billion barrels worldwide, is “still alive”, despite news going quiet over the last year.
EnQuest targets second quarter sailaway for Northern Producer
EnQuest is targeting a sailaway date “early” in the second quarter of next year for its Northern Producer vessel.
EnQuest platforms doubling up as ‘Airbnbs’ to assist Thistle up-manning
An EnQuest boss said today that treating some of its platforms like "Airbnbs" was helping the firm prepare a northern North Sea neighbour for up-manning.
EnQuest ‘very interested’ in joint-operator decommissioning but ‘someone needs to take the lead’
The North Sea boss of EnQuest has said the firm is “very interested” in a joint-operator decommissioning approach, but “someone needs to take the lead”.
Debt creeps up at EnQuest but Kraken impresses
EnQuest said today its debt had risen and full-year production would be in the lower half of its guidance range of 57-63,000 barrels per day.
Number of North Sea reverse takeover candidates has ‘diminished significantly’
The number of public listed North Sea operators that could be a suitable fit for a reverse takeover have “diminished significantly”, according to an industry experty.
‘The valuations for E&P companies on the stock market are not very attractive’ – could we see more North Sea reverse takeovers?
The reverse takeover model could become more of a permanent fixture in the North Sea in the coming years as more private-equity (PE) backed operators look to go public.
Workers removed from Shell platform on two occasions in matter of days over Covid-19 fears
Workers have been flown off a platform in the Central North Sea over fears about an outbreak of Covid-19 on board.
Workers removed from North Sea platform after colleague tests positive for Covid-19
More than a dozen workers have been removed from a North Sea platform after a colleague tested positive for Covid-19.
Covid quarantine for oil vessel in Cromarty Firth
Crew members on an oil vessel in Cromarty Firth are isolating after a colleague who remains on board tested positive for Covid-19.
Texo pioneers unmanned inspection method on North Sea FPSO
Texo Group’s sister company Texo DSI has successfully pioneered a new unmanned inspection method on a major UK North Sea FPSO, delivering significant safety, time and cost saving benefits.
CNOOC seeks buyers for Scott platform in UK North Sea: Report
CNOOC is looking for buyers for its Scott platform and associated oilfields in the UK North Sea, according to Reuters.
EnQuest, Sinopec ‘among bidders’ for ExxonMobil UK North Sea oil and gas fields
ExxonMobil's UK North Sea assets have attracted suitors from state-owned companies to private equity-backed firms as the US oil giant seeks to exit the aging region altogether, according to people with knowledge of the matter.