The FPSO is away, but will the BP Foinaven field be redeveloped?
A permanent feature of the West of Shetland for many years, the Foinaven vessel recently left the namesake BP field for the last time.
Gneiss Energy
Taqa sticks, Serica twists: What’s the landscape for North Sea M&A deals?
With Serica Energy looking outside of the UK North Sea for M&A deals and Taqa deciding to hold onto its UK assets, what are the implications for the market?
Cambo extension gives Siccar Point time to identify the right partner
Securing an extension to the Cambo licenses affords Siccar Point Energy time to find the right partner to progress the project.
De-politicising energy: The key to a sustainable transition
Recent commodity volatility has made front-page news. As economies around the world emerge from two years of restrictions, demand is rebounding quickly, with consensus suggesting that consumption will outpace pre-pandemic levels by the end of the year.
TotalEnergies makes significant splash at Venus
TotalEnergies has made a “significant” discovery at the Venus 1-X well, offshore Namibia.
Shell confirms light oil offshore Namibia
Shell and Namcor have announced a light oil discovery at the Graff-1, offshore Namibia.
Glengorm: Analysts slash estimates for North Sea discovery
The estimates of recoverable barrels for the CNOOC Glengorm discovery have been downgraded by analysts after a disappointing appraisal campaign.
Breaking up is hard to do: Energy majors and activist investors
Activist investors have grabbed headlines in recent months with calls to break up major energy players – but will this help or hinder their energy transition efforts?
Shell Cambo decision deals ‘huge blow’ to wider UK sector
The decision by Shell not to invest in the Cambo project has been deemed a “huge blow” for the UK industry and the potential for emissions-busting technology in the West of Shetland.
Shell starts drilling on Jaws exploration prize in the UK North Sea
Shell has kicked off drilling on the Jaws prospect in the UK North Sea, aiming to hook a prize of up to 30million barrels of oil.
Maersk rig sets sail for hotly tipped Venus
The Maersk Voyager has set sail for the Venus site, offshore Namibia, where it will drill perhaps the most hotly anticipated well of the year in Africa for TotalEnergies.
Block Energy and activist shareholder throw down
AIM-listed Block Energy and an activist shareholder group have become embroiled in a knockdown fight over the future of the company.
Gneiss Energy celebrates five-year anniversary with conclusion of 10th transaction of 2021
Gneiss Energy (“Gneiss”) celebrates its five-year anniversary hot off the heels of announcing its 10th transaction of 2021, representing a productive start to 2021 for the advisory firm across all of its sector teams.
E&P firms that ‘get it right’ can still access equity capital markets
Investors are being increasingly influenced by environmental, social and governance (ESG) themes, but the “hunt for value” still takes centre stage.
West of Shetland oil and gas remains UK’s best bet for growth despite recent setbacks
The West of Shetland oil and gas (WoS) basin has long been held aloft as the UK’s last great hope for indigenous oil and gas production growth.
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.
Major project delays are ‘fair warning’ to those seeking greater oil exposure for Shetland
Energy Voice recently reported on Shetland Islands Council's ambitions to retain more tax revenue from oil and gas operations around the isles in its self-determination bid. Jon Fitzpatrick, managing director of consultancy Gneiss Energy, gives his view.
China eyes African opportunities
Amidst the oil price crash crisis and the pressure on companies, opportunities are emerging for those with resources.
Africa to feel squeeze as plans about to change
The double threat of coronavirus and the price crash has forced oil companies around the world to rearrange plans and save money where possible, and Africa is set to feel the squeeze.
Uganda’s export dream on thin ice
Preparations for the East African Crude Oil Pipeline (EACOP) have ground to a halt in Uganda following the termination of Tullow Oil’s farm-out talks.
Subsea consultancy announces 10 new Aberdeen jobs after £500,000 investment
A subsea consultancy has announced the creation of 10 new Aberdeen jobs after raising £500,000 from investors.