BP takes £2bn hit on value of UK North Sea assets
BP has taken a $2.79bn (£2billion) impairment on the value of its oil and gas assets in the UK North Sea.
BP has taken a $2.79bn (£2billion) impairment on the value of its oil and gas assets in the UK North Sea.
BP is reducing the number of workers on one of its North Sea platforms after an increase in the number of Covid-19 cases recorded on board.
More than a dozen workers have been removed from a North Sea installation after two separate cases of Covid-19 were detected on board.
Neptune Energy, along with partners BP and Japex, have kicked off drilling for the Seagull project in the North Sea.
North Sea minnow Zennor Petroleum claims to have become one of the first UK operators to go “carbon neutral” as first gas from its flagship Finlaggan field beckons.
BP put workers "in harm’s way" during a fire on the ETAP installation, being left without water pumps to extinguish it, the Health and Safety Executive (HSE) has warned.
Oil and gas giant BP has introduced a raft of measures to protect staff against the spread of the cornavirus at its North Sea ETAP field.
Neptune Energy is “assessing the impact” Covid-19 will have on the delivery of its 50million barrel Seagull development in the UK North Sea.
Power has been restored to BP’s ETAP installation, weeks after a fire forced it to be downmanned.
Energy giant BP has joined a list of operators working to reduce offshore crew numbers on its North Sea assets in response to the coronavirus outbreak.
Work is still ongoing to restore full power to BP’s ETAP platform in the North Sea, three weeks after a small fire caused the installation to be down-manned.
Full power is unlikely to be restored to BP's ETAP platform in the central North Sea until early next week, it is understood.
More than 60 North Sea workers have been evacuated after a “power generation issue” at BP’s ETAP installation last night.
Panoro Energy will drill a production well in Tunisia in May, while three workovers are under way and should be on line by the end of March.
Production has officially begun from the Nawara field in Tunisia, the North African state’s Prime Minister Youssef Chahed said.
Tunisia has recently elected a new president, demonstrating the strength of its democratic institutions. The country’s hydrocarbons industry continues to struggle, though.
Rig operator Valaris has been chosen to carry out the drilling contract for Neptune Energy’s Seagull project in the UK North Sea.
BP is progressing towards a final investment decision (FID) for the redevelopment of a field in the central North Sea.
Cluff Natural Resources (CLNR) has launched a farm out process for its Dewar prospect and identified a BP platform as a means of development.
Oilfield services firm Craig International has won a North Sea contract worth around £20million with BP.
BP has said it is “focussed" on growing its North Sea business as it celebrates 20 years of production from one of its most ambitious projects.
The current manager of BP's ETAP project has described how a Press and Journal article altered the course of his career.
Freezing temperatures have resulted in several North Sea platforms being down-manned, with one understood to be facing a crew revolt over working conditions.
Energy giant BP today confirmed that it started taking workers off its Etap platform this week due to an "issue" with the heating and drinking water.
Norwegian firm Reach Subsea will supply one of its vessels for operations on BP's Mungo field in the North Sea.