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.
Schiehallion
BP takes £2bn hit on value of UK North Sea assets
BP has taken a $2.79bn (£2billion) impairment on the value of its oil and gas assets in the UK North Sea.
Shell sees ‘running room’ in West of Shetland
Shell has reiterated its “commitment” to the North Sea and West of Shetland, saying there is still “running room” in the region.
Odfjell Drilling puts 139 North Sea workers at risk of redundancy
Odfjell Drilling has put 139 offshore workers at risk of redundancy after completing a drilling contract ahead of schedule.
BP back in the black as it posts strong profit
BP notched up second quarter pre-tax profits of £700million, rebounding from a £2.5billion loss a year ago.
Schiehallion stake surprise inclusion in Shell, Chrysaor deal
A stake in the Schiehallion field was the surprise inclusion in Shell’s $3.8billion North Sea asset sale to Chrysaor, an oil and gas analyst said today.
In pictures: Glen Lyon sets sail to North Sea
The Glen Lyon FPSO is expected to arrive at its new home in waters offshore Shetland on Sunday.
Glen Lyon FPSO sets sail to North Sea
BP has reached a major milestone with the sail away of its Glen Lyon FPSO from the Hyundai Heavy Industries yard in South Korea to the Quad 204 redevelopment in Shetland.
Oil from BP’s Schiehallion to bypass Sullom Voe Terminal
Oil major BP said oil from its Schiehallion field in the UKCS will bypass the Sullom Voe Terminal (SVT) when it comes on stream again next year. The company, which also announced its third quarter results today, said initial production would head to Roterrdam citing technical reasons for the decision. Now it has been confirmed there will be no return to the island in the longer term.