Westwood Global Energy reports that as of October 28 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. There has been no appraisal drilling to date this year.
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.
North Sea operators still have the “appetite” for high impact exploration over the coming 12-18 months, according to Westwood Global Energy Group, despite low success rates.
Energean will listen to offers for huge UK gas discovery, but not ‘actively’ seeking buyers, boss says
Energean’s boss said on Monday he would listen to good offers for its soon-to-be-acquired stake in the UK’s biggest offshore gas discovery in a decade.
Neptune Energy will pay £4 million to terminate a deal which would have given it 25% of the 250 million barrels of oil equivalent Glengorm discovery in the UK North Sea.
A deal that holds the key to Neptune Energy obtaining a stake in a major UK North Sea discovery took a step forward today.
Total’s latest discovery shows the French energy giant still has the Midas touch when it comes to finding new North Sea reservoirs, an analyst has said.
One of the largest offshore discoveries in UK waters of the last decade has had its recoverable resources cut by 40% following an appraisal well.
A boss at Neptune Energy said 2020 was shaping up to be the private-equity-backed firm’s busiest year in the UK North Sea as activity ramps up around key projects.
Exxon Mobil led the way with new finds off the coasts of Guyana and Cyprus as global oil and gas discoveries in 2019 hit a four-year high, according to a new report.
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many E&P boardrooms in 2019, but the impact on exploration drilling is not yet apparent.
CNOOC has confirmed that it has started drilling at the Howick prospect west of Shetland.
Energy giant Total has said it sees “new potential for investments” in the North Sea off the back of exploration successes in the UK.
Energy consultancy Wood Mackenzie has predicted a 25% rise in the number of exploration wells to 60 in 2019 across the whole of the North Sea.
Total has started drilling an appraisal well at its Glendronach discovery in the West of Shetland.
A sizeable stake in one of the UK North Sea’s largest gas discoveries in years will come on the market once a major acquisition goes through later this year.
Energean’s £600 million acquisition of Italian firm Edison E&P has handed the company stakes in a number of UK North Sea assets, including a major discovery.
A recovering oil price drove a boost to profits for Cnooc’s operations in the UK and Ireland in 2018.
A top boss at Maersk Drilling estimates the North Sea industry could save around $1 billion a year if it makes further in-roads on collaboration.
New North Sea discoveries have acted as a “beacon” for the rest of the industry, according to the Oil and Gas Authority’s (OGA) head of exploration.
A new global oil and gas explorer has said it plans to target more North Sea wells in the future.
Energy giant Total has said it is just weeks away from starting up production at one of the UK’s largest offshore gas fields.
French oil giant Total suffered a dip in profits during a first quarter of highs and lows.
World-class discoveries made in the UK North Sea in recent months have “turned heads” of investors, according to the chief executive of Chrysaor.
The 250millon-barrel Glengorm discovery will ‘reignite excitement’ in the central North Sea, with eyes now on further prospects in the region according to Westwood Energy.