Hibiscus preparing contracts for Teal West project
Hibiscus Petroleum (KLS: HIBISCS) is preparing a number of subsea contracts in relation to its Teal West project in the UK North Sea.
NEO Energy
James Fisher Subtech completes contract for NEO Energy, secures future work
Offshore solutions provider James Fisher Subtech (JF Subtech) has successfully completed a contract for North Sea oil firm NEO Energy.
Regulator approves removal plans for Brae Bravo jacket
Regulators have approved TAQA’s plans to remove a section of the remaining jacket structure at Brae Bravo, following a successful topsides decommissioning campaign last year.
NSTA emphasises North Sea collaboration following NEO probe
The North Sea Transition Authority (NSTA) has advised licensees of their “obligation to collaborate effectively” following an investigation into the sale of Esso’s stake in the Elgin-Franklin platform to NEO Energy.
Picking and choosing investment opportunities
Following a tumultuous two years since the first Covid-19 lockdown in the UK, the now much-changed energy sector remains an attractive proposition for both global investors and trade players. Many of these are looking to get ahead of the curve of the much publicised transition to sustainable energy sources.
Harbour Energy, NEO and Waldorf all ‘likely’ destinations for Cnooc assets
The North Sea’s new class of operators could be poised to further strengthen their dominance in the basin with several major assets expected to hit the market.
NEO Energy chief calls for cross-party support to help industry plan for the long-term
A senior figure at NEO Energy has called for cross-party support to help the energy industry map out its long-term future.
Parkmead finally nears drilling decision on Skerryvore in UK North Sea
Parkmead has said it is nearing a drilling decision on its Skerryvore field in the UK North Sea.
Former Equinor exploration boss joins NEO Energy
HitecVision-backed New European Offshore (NEO) Energy has appointed an oil and gas heavy hitter to its board of directors.
Hibiscus moving on ‘accelerated schedule’ for Teal West project in North Sea
Anasuria Hibiscus and partner NEO Energy are moving forward with plans for the Teal West project in the UK North Sea on an “accelerated schedule”.
‘Uptick’ in North Sea IPOs forecast with high oil and gas prices on course to continue
North Sea initial public offerings (IPOs) could be back on the menu with healthy oil and gas prices tipped to continue for much of 2022.
Waldorf in talks for $1bn deal for ONE-Dyas oil and gas assets
North Sea focused Waldorf Production has started exclusive talks to buy the assets of Dutch oil and gas company ONE-Dyas BV, according to people familiar with the matter.
Petrofac bags five-year UK well management deal with NEO Energy
Petrofac has landed a five-year well management contract extension with NEO Energy, covering five offshore fields in the UK North Sea.
NEO Energy completes billion-dollar ExxonMobil acquisition amid ongoing OGA probe
NEO Energy has completed its long-running acquisition of a portfolio of assets in the central and northern North Sea from ExxonMobil.
Exclusive: BP acquires JX Nippon stakes in North Sea Andrew Area
BP has agreed to buy the stakes of JX Nippon in the ageing Andrew Area in the North Sea, confirming its intent to see the asset through decommissioning.
NEO Energy to buy JX Nippon UK assets in £1.2billion deal
NEO Energy is buying JX Nippon E&P UK, the British business of Japan's ENEOS holdings, for £1.2billion in the latest of a string of North Sea acquisitions.
Ithaca submits Fionn and Causeway decommissioning plans
Ithaca Energy has submitted draft plans for the decommissioning of subsea infrastructure at the Fionn and Causeway fields as part of a joint campaign.
OGA opens investigation into billion-dollar Exxon, NEO Energy deal
The industry regulator has opened an investigation into the proposed sale by Esso of 13 producing fields to NEO Energy.
First gas reached at NEO Energy’s Covid-delayed Finlaggan field
NEO Energy has started gas production at the Finlaggan field in the Central North Sea, following a year of Covid-related delays.
Neo Energy completes acquisition of Zennor Petroleum
Neo Energy has completed its acquisition of private-equity backed Zennor Petroleum, solidifying its position as one of the UKCS’ largest producers.
NEO Energy on the rise after losses on oil price and Western Isles impairment
NEO Energy has said it has “rapidly expanded” since the oil price crash brought it down to losses in its first full year of trading.
‘Traumatic year’ sees North Sea operators hand back up to 1.1bn barrels of oil
North Sea operators have handed back up to 1.1 billion recoverable barrels of oil from UK fields, according to data released by the Oil and Gas Authority (OGA).
Pinsent Masons appoints prolific dealmaker to top oil and gas role
Law firm Pinsent Masons has appointed renowned dealmaker Rosalie Chadwick as its new global head of oil and gas.
NEO Energy looking to electrification as part of carbon reduction drive
North Sea oil firm NEO Energy said today it would strive to cut the carbon intensity of its production operations in half by 2030.
Petrofac ‘thrilled’ after netting contract extension with Neo Energy
Energy service firm Petrofac today announced the award of a one-year extension to its integrated services contract with North Sea operator Neo Energy.