Valaris creates virtual tour of oil rig
Valaris has created a virtual tour of an oil rig operating in the Gulf of Mexico.
Neptune
Fugro wins seven-figure deal with Neptune for subsea inspections at Cygnus
Neptune Energy has handed a subsea inspection contract for its Cygnus gas field in the UK southern North Sea to Dutch geo-data firm Fugro.
Global interest expected in Santos Dorado sale
Santos is seeking buyers for a 20-30% stake in its large Dorado oil project and Bedout exploration portfolio offshore western Australia estimated to be worth up to $200 million. Significantly, there is expected to be global interest in the sales process, which could be particularly appealing for Asian national oil companies (NOCs).
Equinor steals thunder with Blasto success
There were three exploration well programmes active offshore Norway as of March 31, in addition to which, one was in the process of completing.
IOCs eye $12 billion worth of mergers and acquisition deals in the Asia Pacific region
Upstream merger and acquisitions (M&A) deals are expected to rebound in Asia Pacific this year after plunging to their lowest level this century in 2020, when the pandemic and collapse in oil and gas prices killed activity.
Mental health and youth unemployment: hidden impacts of COVID-19
COVID-19 has had a terrible impact on society’s physical health.
Neptune forges ahead with 50m barrel project as subsea construction starts
Private-equity-backed Neptune Energy has kicked off the subsea construction phase of its Covid-delayed Seagull project offshore UK.
Neptune Energy hits oil at Dugong
Neptune Energy and its partners today announced the commercial discovery of oil at the Dugong well (PL882) in the Norwegian sector of the North Sea, the largest discovery in Norway so far this year.
Milestone for Neptune in Algeria
Neptune Energy today announced a major milestone for the Touat gas facility in Algeria, with operatorship having been formally passed to Groupement Touat Gaz (GTG).
Deme Offshore joins southern North Sea hydrogen project
Neptune Energy said today that Belgian energy service firm Deme Offshore had joined the PosHYdon pilot, the world’s first offshore green hydrogen project.
Updated: Neptune will pay £4m to scrap deal for stake in major North Sea discovery
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.
Gas: a strategic role in the UK energy transition
According to the International Energy Agency, natural gas currently accounts for 23% of global primary energy demand and nearly a quarter of electricity generation.
Algerian omission moves Neptune closer to Glengorm stake acquisition
A deal that holds the key to Neptune Energy obtaining a stake in a major UK North Sea discovery took a step forward today.
The North Sea: A bright future for those who embrace it
John F Kennedy once said: “Change is the law of life. And those who look only to the past or present are certain to miss the future.”
Neptune hands out drilling deals worth £30.8m for North Sea project
Neptune Energy and partners have dished out drilling services contracts worth £30.8 million for its 50 million barrel Seagull project in the UK North Sea.
Neptune eyes 110,000 barrels per day boost from new projects
New projects will raise production at private-equity-backed Neptune Energy by 110,000 barrels of oil equivalent (boe) per day in the next two years.
Neptune UK boss to head up European operations
The UK boss of Neptune Energy’s UK business has been appointed to head up the firm’s European operations.
Skua project sanction on the cards for BP, Zennor next year
BP is progressing towards a final investment decision (FID) for the redevelopment of a field in the central North Sea.
OGUK unveils 10 ‘principles’ to support battered supply chain
Trade body Oil and Gas UK (OGUK) has published a list of 10 “principles” aimed at helping a "fragile" supply chain whose margins have been squeezed tight by customers in recent years.
Neptune profits up 15% with Seagull construction phase on horizon
Neptune Energy enjoyed a near-15% increase in group profits in a first half of 2019 marked by the sanctioning of a 50 million barrel North Sea project.
Neptune swoops for stakes in German fields
Neptune Energy will acquire interests in a number of oil and gas fields in Emsland and the Grafschaft Bentheim region in Germany from Wintershall Dea.
North Sea producers adopting US shale philosophy
The U.S. oil boom changed the petroleum industry forever. Now its philosophy is being adopted by conventional producers in the North Sea.
Chrysaor buys into Apache’s North Sea exploration acreage
Private-equity back oil firm Chrysaor has snapped up stakes in a number of UK North Sea licences containing exploration prospects from US business Apache.
Worley gets nod from Neptune for Gjoa modifications
Neptune Energy has chosen Rosenberg Worley to modify on the Gjoa semi-submersible platform in the Norwegian North Sea.
Need for growth could be ‘catalyst’ for North Sea deals
The need for newer North Sea players to grow could be a “catalyst” for more M&A deals this year, according to an investment banker.