Dana submits draft plans for Western Isles decommissioning
Dana Petroleum has submitted draft paperwork for the removal of the Western Isles FPSO, though the fate of the vessel is yet to be decided.
NEO Energy
NEO Energy names Nexen veteran as new CEO
M&A specialist Russ Alton is out, project manager Paul Harris is in.
The Magnificent Seven: North Sea project paperwork still awaiting govt sign off
A host of North Sea environmental statements (ES), lodged between April and August, are still to be rubber stamped, with some expected to receive sign off before the year is out.
Hibiscus resolves long-standing riser issues at Anasuria FPSO
Issues with a production riser at the Anasuria FPSO have finally been fixed, more than a year after the fault cropped up.
TAQA and Spirit launch legal action against Viaro over Brae decom costs
TAQA and Spirit Energy are taking fellow North Sea firm Viaro Energy to court to recover costs linked to decommissioning the Brae oilfield.
North Sea firms warn chancellor over ‘disastrous’ windfall tax threat
North Sea oil firms have sent a letter to chancellor Jeremy Hunt, calling the UK one of the most “fiscally unstable” places to do business in the world as another windfall tax threat looms.
NSTA investigation launched as oil firm suspected of licence breach
An investigation has been launched into whether a North Sea operator has reneged on its licence commitments after failing to drill a well.
NEO strikes deal with Equinor on 100m barrel North Sea prospect
NEO Energy has become operator of the Isolde exploration target in the UK North Sea after striking a deal with Equinor.
NEO leaves Hibiscus to go solo on Teal West development
Hibiscus Petroleum (KLSE: HIBISCS) plans go it alone in developing the Teal West project in the UK North Sea, as partner NEO Energy exits the licence.
Government to fast track five North Sea oil and gas fields, including Cambo and Murlach
A handful of North Sea oil and gas schemes have been included in a list of infrastructure projects the UK Government is aiming to fast track.
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.
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.