Ambitious plans for a new Energy Hub have been unveiled with hopes for hundreds of jobs and to make giant oil and gas fields in the West of Shetland "net zero by 2030”.
One of the largest offshore discoveries in UK waters of the last decade has had its recoverable resources cut by 40% following an appraisal well.
Projects from Equinor off the UK and Norway will help bring North Sea spending to its highest level in a decade, according to Westwood Global.
Lerwick harbour continues to add to its reputation as a leading support hub for the oil and gas industry in northern waters through its contribution to the offshore sector’s operations 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.
Equinor will look to develop its Rosebank and Bressay projects in the North Sea once production levels have been ramped up at the new Mariner field.
Norwegian energy giant Equinor today reported a 16% drop in first-half adjusted earnings to £5.8 billion due to lower prices and the impact of planned shutdowns for maintenance work.
Mega-projects in the North Sea are pushing the UK higher up Equinor’s list of priorities, according to bosses at the Norwegian energy giant.
Norwegian energy major Equinor has pushed back the sanction date for a major UK North Sea project.
Westwood Global Energy reports that at the end of April, three exploration wells were active, with two in the West of Shetlands and one in the Central North Sea.
Chevron’s income narrowed in the first three months of the year despite selling a package of global oil and gas assets.
Siccar Point Energy has kicked off its 2019 drilling campaign with the spudding of an exploration well at the Blackrock prospect west of Shetland (WoS).
Equinor has confirmed it is revising plans to develop one of the largest untapped oil fields in the UK North Sea.
Norwegian energy giant Equinor said today that it had completed a deal to take control of one of the UK North Sea's largest remaining oilfields.
Lerwick Harbour’s strategic location has been the building block for its huge contribution to the development of east Shetland Basin oil fields over the past 50 years.
There’s never been a more exciting time on the UK Atlantic Frontier.
Norwegian energy major Equinor said today that first oil from its £4.5 billion Mariner project in the UK North Sea had been pushed into next year.
Norwegian energy giant Equinor has struck a deal to return to one of UK North Sea’s biggest undeveloped fields after a five-year absence.
Equinor’s takeover as Rosebank operator will give impetus to a project which has stuttered since the field was discovered in 2004, analysts said.
Norwegian energy giant Equinor is in the running for Chevron's 40% interest in the Rosebank field, a news report said.
US oil giant Chevron confirmed yesterday that it had received an approach for its stake in one of the UK’s largest undeveloped fields.
Any buyer of Chevron's North Sea Rosebank stake will "need to have very deep pockets", according to a Wood Mackenzie (Woodmac) research chief.
US oil major Chevron has received an approach for its stake in a major North Sea project.
That Chevron has decided to place its interests in Central North Sea fields Alba, Alder, Britannia (and satellites), Captain, Elgin/Franklin, Erskine, and Jade on the market should come as no surprise to anyone in the industry.
US oil major Chevron is “building momentum” towards a final investment decision (FID) on the North Sea Rosebank project.