North Sea engineering, procurement and construction (EPC) contract awards are anticipated to total more than $4 billion (£2.8bn) in 2021.
Energy giant Equinor and Altera Infrastructure are “fully engaged” in a study that could result in the vessel owner’s Petrojarl Knarr FPSO being picked for the 300 million barrel Rosebank gig.
Losses at Siccar Point Energy more than doubled in 2020 as the North Sea operator looks ahead to key decisions on its flagship Cambo field and the Equinor-operated Rosebank.
The next 24 months will see a “rebound” in work for the UK North Sea, according to Westwood Global, with a clutch of offshore projects for contractors to keep an eye on.
West of Shetland operators are working with “serious intent” to get huge new oil projects “to a net zero outcome”, according to the head of a major clean energy scheme on the islands.
The West of Shetland oil and gas (WoS) basin has long been held aloft as the UK’s last great hope for indigenous oil and gas production growth.
Canada’s Suncor Energy Inc. is exploring the sale of a handful of oil and gas fields in the North Sea, according to people with knowledge of the matter.
Wood has secured a $75million (£58.2m) contract with Equinor for its Mariner field, supporting around 100 jobs.
Energy Voice recently reported on Shetland Islands Council's ambitions to retain more tax revenue from oil and gas operations around the isles in its self-determination bid. Jon Fitzpatrick, managing director of consultancy Gneiss Energy, gives his view.
The UK North Sea will see the world's second-highest deployment of FPSO vessels in the next five years, according to new analysis.
Equinor is selling a 40% operated stake in the huge Bressay field east of Shetland to EnQuest in a deal worth £13m.
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.