Altera narrows loss to $127m in 2021
Aberdeenshire-headquartered offshore services group Altera Infrastructure reported a pre-tax loss of $127 million for 2021, as vessel impairments continue to drag on performance.
Rosebank
Equinor: ‘Expect an update on Rosebank this year’
Equinor has said it will provide an update on the concept for the Rosebank project in the West of Shetland later this year.
‘Not what we hoped it would be’: Equinor takes £1.3billion hit on Mariner field as reserves slashed by a third
Equinor has taken a £1.3billion impairment on the value of its Mariner field in the North Sea after a major downgrade to its recoverable reserves.
Energy minister: New climate checkpoint unlikely to impact Equinor’s 300m barrel Rosebank project
A new climate compatibility checkpoint is unlikely to impact on plans to develop a huge UK oilfield, according to the UK’s energy minister.
OGUK: ‘When people don’t perceive us to be genuine…we need to push a bit harder’
Between COP, Cambo and a host of other increasingly political issues around fossil fuels, EV puts it to Oil and Gas UK (OGUK) chief executive Deirdre Michie that the trade body’s rhetoric to defend the sector has ramped up in recent months.
Stark figures show North Sea gas production could be on course to wrap up by 2030
As the UK finds itself in the midst of a gas crisis, stark figures have shown that North Sea production could be on course to wrap up by the end of the decade.
Floating wind ‘on the drawing board’ as means of powering Equinor’s Rosebank project
A floating offshore wind farm could be used to supply power to Equinor’s 300 million barrel Rosebank field.
Shetland substation in talks to supply green energy to North Sea oilfields
North Sea oil and gas fields could one day receive green power from a huge substation, currently under construction in Shetland.
North Sea EPC spend to top £2.8bn in 2021, about £1.8bn still to come – Westwood Global
North Sea engineering, procurement and construction (EPC) contract awards are anticipated to total more than $4 billion (£2.8bn) in 2021.
Equinor and Altera ‘fully engaged’ on study into use of Knarr FPSO for Rosebank project
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.
Siccar Point losses widen as key Cambo and Rosebank decisions await
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.
UK offshore market expecting rebound ‘over the next 24 months’ – Westwood
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.
‘Serious intent’ to get major west of Shetland oil projects to net zero – Orion
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.
West of Shetland oil and gas remains UK’s best bet for growth despite recent setbacks
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.
Suncor mulls sale of stakes in UK and Norwegian North Sea fields
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 wins £58million Mariner contract with Equinor, supporting 100 jobs
Wood has secured a $75million (£58.2m) contract with Equinor for its Mariner field, supporting around 100 jobs.
Major project delays are ‘fair warning’ to those seeking greater oil exposure for Shetland
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.
UK to see world’s second-highest deployment of FPSO vessels in next five years
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 offloads Bressay field to EnQuest in £13million deal
Equinor is selling a 40% operated stake in the huge Bressay field east of Shetland to EnQuest in a deal worth £13m.
Shetland Energy Hub aims for hundreds of jobs and to make giant oilfields ‘net zero by 2030’
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”.
Resources at Total’s major Glendronach discovery cut by 40% following appraisal
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.
Equinor’s Rosebank to help bring North Sea spending to decade high – Westwood
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.
The other side of Lerwick’s story
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.
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.
Equinor looks to Rosebank and Bressay projects after Mariner
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.