The new development is the first tieback to the ETAP hub in 20 years.
BP holds around 18 billion barrels of oil equivalent in its resources plan – enough to maintain production for the next two decades, executives confirmed this week.
The firm behind the upcoming Seagull development in the North Sea, Neptune Energy, has posted Q1 pretax profits of $1,057.6 million.
Japan’s JAPEX is to invest millions of dollars in exploration in Norway via Longboat Energy.
Neptune Energy has become the latest North Sea operator to forecast its windfall tax hit ahead of the Spring Budget tomorrow.
Neptune Energy pulled in pre-tax profits of $3 billion last year as oil and gas prices “soared” across Europe.
A host of major oil and gas projects dotted around the North Sea are due to start-up production in the next few years.
BP (LON: BP) has said it is on course to deliver five “resilient hydrocarbon” projects this year, as it prepares to report its results for 2022.
Prosafe (OLSO: PRS) has landed its first extension worth $3.5m (£3.1m) with BP to support development of the Seagull field in the UK North Sea.
The UK will lead the way on the number of major subsea projects coming globally over the next five years, according to new analysis.
Key North Sea oil projects currently in the pre-final investment decision (FID) phase could deliver nearly 1.5 billion barrels, according to new research.
Stronger oil and gas prices brought North Sea operator Neptune Energy back to profits in the first half of 2021.
A boss at Neptune Energy has suggested the firm is prepared to flex its muscles in an increasingly hot UK North Sea mergers and acquisitions (M&A) market.
The CEO of NHV hopes the restoration of oil prices can help the beleaguered helicopter market “to a more sustainable situation”.
Belgian firm NHV Group has clinched a contract to provide crew transfer services for Neptune Energy's Seagull project in the North Sea.
Neptune Energy, along with partners BP and Japex, have kicked off drilling for the Seagull project in the North Sea.
Neptune Energy fell to a loss in the third-quarter as its figures came under pressure from lower oil and gas prices and “operational issues” in Norway and Algeria.
Private-equity-backed Neptune Energy has kicked off the subsea construction phase of its Covid-delayed Seagull project offshore UK.
The North Sea oil industry’s old guard is concerned that the sector’s regulator is “losing balance” as a result of its efforts to help government meet net-zero targets, a top boss has claimed.
Neptune Energy is “assessing the impact” Covid-19 will have on the delivery of its 50million barrel Seagull development in the UK North Sea.
BP has pushed back a final investment decision (FID) on its Clair South project to make sure it aligns with low carbon ambitions.
A boss at Neptune Energy said 2020 was shaping up to be the private-equity-backed firm’s busiest year in the UK North Sea as activity ramps up around key projects.
Neptune Energy and partners have dished out drilling services contracts worth £30.8 million for its 50 million barrel Seagull project in the UK North Sea.
New projects will raise production at private-equity-backed Neptune Energy by 110,000 barrels of oil equivalent (boe) per day in the next two years.
Rig operator Valaris has been chosen to carry out the drilling contract for Neptune Energy’s Seagull project in the UK North Sea.