Fears about potential sanctions on Chinese Government assets are driving Cnooc’s departure from the North Sea, it has been reported.
The North Sea’s new class of operators could be poised to further strengthen their dominance in the basin with several major assets expected to hit the market.
North Sea oil firm Waldorf Production has struck a deal to acquire MOL Hungarian Oil and Gas’ UK assets.
CNOOC has invited early engagement on the lucrative EPC contract for its Buzzard, Scott and Golden Eagle assets in the North Sea.
CNOOC has teased plans to electrify its North Sea platforms through floating wind and “build a new energy business” in the UK.
China National Offshore Oil Company (CNOOC) has awarded a two-year North Sea contract to engineering services firm Worley.
More than a dozen workers are in quarantine after a crew member on the Premier Oil Balmoral platform tested positive for Covid-19.
North Sea operator CNOOC is working to tackle a Covid outbreak on board its Scott platform.
Hunting laid off about 20 employees in the north-east during the first half of 2020 as the Covid-19 pandemic and oil price drop caused demand to falter.
CNOOC saw profits and production tumble for its North Sea business in Ray Riddoch’s final year at the helm of the operating company.
Several North Sea operators are reducing offshore crews on their UK platforms in a bid to prevent the spread of the coronavirus outbreak.
A North Sea union has condemned Wood over plans to cut sickness pay by more than 75% for its workers on CNOOC platforms.
Aberdeen-headquartered Operational Excellence (Opex) Group has won a multimillion pound contract with Cnooc International on its North Sea assets.
A sizeable stake in one of the UK North Sea’s largest gas discoveries in years will come on the market once a major acquisition goes through later this year.
London-listed RockRose Energy said yesterday it had signed an agreement with Maersk Oil North Sea UK to acquire non-operated stakes in the Wytch Farm (7.43%), Scott (5.16%)and Telford (2.36%) fields.
North Sea firm MOL Group more than doubled first quarter profits after its global oil and gas production surged to its highest level since the final quarter of 2012.