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).
There were three exploration well programmes active offshore Norway as of March 31, in addition to which, one was in the process of completing.
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.
COVID-19 has had a terrible impact on society’s physical health.
Private-equity-backed Neptune Energy has kicked off the subsea construction phase of its Covid-delayed Seagull project offshore UK.
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.
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).
Neptune Energy said today that Belgian energy service firm Deme Offshore had joined the PosHYdon pilot, the world’s first offshore green hydrogen project.
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.
According to the International Energy Agency, natural gas currently accounts for 23% of global primary energy demand and nearly a quarter of electricity generation.
A deal that holds the key to Neptune Energy obtaining a stake in a major UK North Sea discovery took a step forward today.
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 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.
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.
The UK boss of Neptune Energy’s UK business has been appointed to head up the firm’s European operations.
BP is progressing towards a final investment decision (FID) for the redevelopment of a field in the central North Sea.
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 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 Energy will acquire interests in a number of oil and gas fields in Emsland and the Grafschaft Bentheim region in Germany from Wintershall Dea.
The U.S. oil boom changed the petroleum industry forever. Now its philosophy is being adopted by conventional producers in the North Sea.
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.
Neptune Energy has chosen Rosenberg Worley to modify on the Gjoa semi-submersible platform in the Norwegian North Sea.
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.
Neptune Energy and partners have sanctioned the development of the Seagull oilfield in the UK North Sea.
Westwood Global Energy reports that at the end of January three exploration wells were drilling on the UKCS: one in the northern North Sea and two in the central North Sea.