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.
BP is progressing towards a final investment decision (FID) for the redevelopment of a field in the central North Sea.
Neptune Energy’s North Sea boss said yesterday he is excited by "growth potential” in the UK, with plans for new exploration to boost its projects.
Lower oil prices offset an otherwise good performance for BP in the first half of the year, while major projects such as Culzean in the North Sea came online.
Private-equity back oil firm Chrysaor has snapped up stakes in a number of UK North Sea licences containing exploration prospects from US business Apache.
Exploration and production firm Neptune Energy said yesterday that it is pressing ahead with several UK North Sea projects.
Energy giant BP boosted its pre-tax earnings in the first three months of 2019, which it said showed "resilience" in a "volatile period”.
North Sea industry received a shot in the arm yesterday as oil and gas companies reported progress on major projects.
Neptune Energy and partners have sanctioned the development of the Seagull oilfield in the UK North Sea.
Profits more than doubled at oil giant BP in 2018, a year marked by the start-up of a major project west of Shetland.
Miniature “bird backpacks” or tiny tracking tags on tail feathers could help reveal how wild birds move around offshore wind farms.