Vaalco sets out London IPO move
Vaalco Energy has set out formal plans to list on the London Stock Exchange’s main market. The listing should take place by September 30.
oil
Oil skyrockets after attack cuts Saudi Arabian supply
Oil posted its biggest ever intraday jump to more than $71 a barrel after a strike on a Saudi Arabian oil facility removed about 5% of global supplies, an attack the U.S. has blamed on Iran.
Zennor pushing forward with new central North Sea gas projects
Zennor Petroleum is “pushing forward” with plans for two more central North Sea projects which would follow on from the firm’s Finlaggan development.
EnQuest outlines plans for landing Eagle field
EnQuest has taken a step forward on the path to first oil from the Eagle field, which was the subject of a dispute with Dana Petroleum in 2016-17.
Lincoln well a confidence boost for Greater Warwick potential, analyst says
Hurricane Energy’s successful appraisal of the Lincoln field should restore confidence in the potential of the Greater Warwick Area (GWA), west of Shetland, an analyst has said.
Crondall steams in to help Pharis develop North Sea field
A project that would employ a pioneering heavy oil recovery technique in the North Sea has edged a step forward.
BP could sell some oil projects to meet climate targets
BP’s CEO plans to sell some oil projects and curb the development of others to align its business with the Paris accord, the latest sign climate concerns are starting to impact the investment decisions of the world’s largest fossil fuel producers.
Soco buckles down for Egyptian work
The acquisition of Merlon Petroleum earlier this year has given Soco International a new focus, with new exploration planned in Egypt and neighbouring Israel. As such, the company is planning to change its name, to Pharos Energy.
As Gbetiokun flows, Eland lines up exploration
Eland Oil & Gas is beginning to reap the rewards of its second field in Nigeria’s Oil Mining Licence (OML) 40 starting up, allowing it to move into exploration plans.
OGA lays out recommendations in capacity dispute between Spirit, Neptune
The UK oil industry's regulator has advised Spirit Energy to keep looking for alternative export routes for its Pegasus project after the path to its first choice was blocked.
Outlook for energy has ‘peak oil’ in the 2020s – DNV GL
Peak oil will occur in the next few years, a new report into energy transition has found.
In a first, methane-detecting drone flies out to BP rig off Shetland
Technology used to detect signs of life on Mars has been adapted to help reduce an oil company's impact on the environment.
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.
Siccar Point aims to keep options open with new gas line west of Shetland
The design for the Cambo field, west of Shetland, will take some of the sting out of a problem that has “held back” production from the area for decades, an oil company chief said.
‘Compelling’ case to keep using Sullom Voe, EnQuest says
EnQuest bosses insisted yesterday they had a “compelling” case for the Sullom Voe oil terminal in Shetland, despite fears the facility may lose a key customer.
Roadmap sets out North Sea role in ‘huge’ net zero challenge
A new “roadmap” was unveiled today setting out the UK oil and gas industry’s ambition to transform the North Sea into a basin with net zero emissions.
Exploration wells and FIDs beckon for UKCS
The UK upstream oil and gas sector will be a hive of activity over the coming years, two global energy consultancies have said.
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.
Securing investment in UKCS oil and gas projects
While it is becoming commonplace to hear the names of investors reported alongside the names of their investee companies who have acquired UKCS assets, obtaining investment in oil and gas projects remains a complex area for independent oil and gas companies looking to grow their presence, or international organisations hoping to invest in the UKCS.
Apache, Repsol Sinopec signal commitment to UK with contract awards
A pair of oil firms with major UK North Sea portfolios said they had proven their commitment to the region with a raft of new contract awards.
New wave of UK project sanctions out to 2022, Rystad predicts
The UK offshore scene is poised for a timely comeback, according to energy consultancy Rystad.
Hurricane says early results from Lancaster ‘promising’ despite constraints
Hurricane Energy said today that production from its Lancaster field had been "promising" since the delivery of first oil in June, despite flowline "constraints".
Sembcorp selected for Cambo FPSO front end design
Siccar Point Energy has handed out a contract for the front end design of a production vessel for the 800-million barrel Cambo project, north-west of Shetland.
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.
Petrofac lauds Aberdeen as ‘big recruitment growth’ centre
Petrofac bosses have said Aberdeen is one of the “biggest areas of recruitment growth” for the global energy service group.