Westwood Global Energy reports that there was one exploration well active as of 16 December. A total of six appraisal wells and 28 exploration wells have completed to date in 2021, from which ten commercial discoveries have been made giving a 36% commercial success rate to date.
Higher oil and gas prices, tax refunds and “tight cost control” helped Neptune Energy overcome a drop in production to lift its profits by two-thirds in the first quarter.
Production from Shell's Fram gas and condensate field in the UK central North Sea has started up.
Shell's boss said yesterday that the energy major will invest "billions of dollars" in the UK North Sea in the coming years.
Energy giant Shell has green lit a scheme to reroute gas from its Shearwater hub to St Fergus in Aberdeenshire.
Shell's chief financial officer said today that the firm's UK North Sea division was a "source of inspiration" for the rest of the group.
Serica Energy has taken a major leap towards first oil from the Columbus field in the central North Sea.
Norwegian energy giant Equinor and its project partners have agreed to stump up £175 million for another three wells on the Fram field.
Shell’s boss said yesterday that the North Sea is showing signs of “rejuvenation” and can provide the oil major with more room to grow.
Statoil and its project partners in the Fram field off Norway have agreed to invest more than £90million to increase production from the asset.
The Norwegian Petroleum Directorate has granted Wintershall a drilling permit for wildcat well in the Norwegian sea.