Neptune Energy made £627.84 million profit after tax, according to the company's results from the first half of the year.
Neptune has completed the fourth and final development well at its operated Fenja field in the Norwegian Sea, in preparation for production start-up next year.
As the North Sea’s limited exploration well roster delivers a series of disappointing results, are there any promising plays left in E&P hoppers?
North Sea operator Neptune Energy almost quadrupled its quarterly takings year-on-year, driven by a resurgence in oil and gas.
Neptune Energy has confirmed plans to commit $100 million (£76m) to the Isabella appraisal well later this year, as the UK’s new Energy Security Strategy sets the course for continued North Sea production.
Neptune Energy holds course to spud the high-impact Isabella appraisal well in the UK North Sea second half of 2022.
Neptune Energy reported pre-tax profits of $1.4 billion (£1.1bn) for 2021, but noted ongoing issues with key assets in Norway and Algeria.
Ithaca Energy has released its first half results, showing a return to profits and setting a timeline for the Abigail project in the North Sea.
Ithaca Energy sank to losses of £400million in 2020 but the firm is eyeing extra barrels from a pair of North Sea prospects.
A boss at Neptune Energy has suggested the firm is prepared to flex its muscles in an increasingly hot UK North Sea mergers and acquisitions (M&A) market.
Bosses at Neptune Energy believe the private-equity backed firm can reach a key production milestone in the coming years while reining in spending.
High-impact targets from Equinor and Shell have been named among the “wells to watch” for the UK North Sea in 2021 by Westwood Energy.
Neptune Energy fell to a loss in the third-quarter as its figures came under pressure from lower oil and gas prices and “operational issues” in Norway and Algeria.
Neptune Energy said positive drilling results and further appraisal work on the Isabella discovery would lead to a “marginal” rise in exploration spend this year.
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.
Energy giant Total has reached the one billion-barrel milestone at its Elgin-Franklin complex, surpassing original estimates from when it started up nearly 20 years ago.
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.
A UK North Sea oil and gas discovery is showing “significant promise”, a project partner said today.
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.
Westwood Global Energy reports that as of December 31 there were two active exploration wells drilling in the UK.
An exploration well is due to be drilled at the Total-operated Isabella well later this month.
Exploration and production firm Neptune Energy said yesterday that it is pressing ahead with several UK North Sea projects.