Shell to spend $1.5bn on UK decommissioning through to 2025
Shell is expected to spend $1.5bn (£1.152bn) on decommissioning in the North Sea over the next six years, according to a new forecast.
Forties
North Sea production reaches two-year high at Apache
US oil firm Apache achieved its best quarterly production figure in the UK North Sea in two years during the first three months of 2019.
Ineos investment a show of faith in North Sea’s future
Ineos’ investment in the Forties Pipeline System (FPS) was hailed as a show of faith in the North Sea’s future by industry leaders.
Ineos to pump £500m into Forties pipeline rejuvenation plan
Petrochemicals giant Ineos will invest £500 million to extend the life of a key North Sea pipeline system by "at least 20 years".
Apache North Sea profits skyrocket as crude prices rise
Resurgent crude prices kept Apache Corporation’s North Sea business on an upward trajectory last year.
Apache is latest firm to scrap three week rotas
US oil firm Apache Corporation has become the latest company to scrap unpopular, three-week rotas in the UK North Sea.
North Sea’s largest producing oil field shut down – report
The North Sea's largest producing oil field has been shutdown amid planned maintenance, according to a report from Reuters.
Marathon Oil reports small loss as shale focus intensifies
Houston-based Marathon Oil posted a small $28 million loss for the fourth quarter relative to its much larger $1.4 billion loss for the final three months of 2016.
Forties closure takes major toll on UK production
The closure of the North Sea Forties pipeline in December caused the biggest monthly fall in output for UK production since 2012, according to new figures.
Forties pipeline restarted after overnight shutdown
Ineos has confirmed it has restarted its Forties Pipeline system after the second shutdown in recent months.
Shell shielded from Forties fallout by ‘internationalisation’, North Sea sales
Shell is performing “extremely well” at a time when Brent crude is at its highest price for three years, the oil giant’s upcoming fourth quarter results will show.
Archer to service Apache’s Forties, Beryl fields for another 3 years
Archer has clinched a new three year deal to provide a range of services at Apache's Forties and Beryl fields in the North Sea.
Ineos reorganises oil and gas business with 6 new units
Petrochemicals giant Ineos today confirmed the reorganisation of its oil and gas business.
Still ‘too early to celebrate’ $70 oil, experts say
A Brent crude price pushing $70 will provide a “feel-good” factor for North Sea oil, but it may still be “too early to celebrate”, industry experts have said.
Apache lowers production outlook due to Forties closure
US oil firm Apache has lowered its fourth-quarter production outlook for its international business due to the Forties pipeline closure.
Serica confirms production restarted on Erskine after Forties fix-up
North Sea oil and gas operator Serica Energy has confirmed that production from the Erskine field has restarted after a damaged pipeline halted operations in December.
Nexen latest to confirm restart after Forties repairs
Nexen today became the latest company to confirm that production had restarted from its fields served by the Forties pipeline.
Shell to increase North Sea production in ‘coming days’
Oil giant Shell has confirmed that it will undertake a phased increase in production within the "coming days" from its Shearwater and Nelson platforms now that the Forties pipeline has been mechanically repaired.
Forties pipeline repairs ‘mechanically complete’, Ineos says
Forties pipeline operator Ineos has announced that it has started pressure testing on the structure.
Ineos says Forties pipeline repairs ‘progressing well’
Petrochemicals giant Ineos said today that it was making "steady progress" in its efforts to fix the Forties pipeline.
Oil erases weekly drop on Forties pipeline outage, IEA outlook
Crude rose, erasing declines from earlier in the week, on the shutdown of a key pipeline in the North Sea.
Updated: Forties pipeline crack ‘stabilised’, Ineos declares force majeure on North Sea oil
Petrochemicals giant Ineos said this morning that the small crack which shut down the Forties crude pipeline has stopped widening.
Forties shutdown leaves North Sea industry down £20m per day
North Sea industry faces being left short by hundreds of millions of pounds for a period due to the closure of a key pipeline, an analyst has said.
Upheaval for residents near oil leak cordon
Residents living close to the scene of the oil leak between Cookney and Netherley have faced delays since the cordon was put up last week.
Oil shut-in ‘no big deal’ unless repair work overshoots, experts say
The Forties pipeline shutdown will cause pain for oil producers, but consumers will still get their oil and gas, industry experts said yesterday.