BP said today it had agreed to sell its stakes in the Shearwater field to Tailwind Energy for an undisclosed sum.
BP is in advanced talks to sell its 28% interest in the Shearwater field in the UK North Sea to Tailwind Energy, an explorer backed by trading house Mercuria Energy Group, people familiar with the matter said.
Further Covid-19 cases have been recorded on a North Sea accommodation vessel following outbreak earlier this week.
Shell has said it is taking “all appropriate precautions” after a handful of Covid-19 cases were detected aboard an accommodation vessel stationed on one of its North Sea fields.
BP is fielding final bids from a handful of junior energy companies for its North Sea assets, according to people familiar with the matter.
Serica energy has started drilling the development well for its 14million-barrel Columbus project in the North Sea, which was delayed by Covid.
ExxonMobil has agreed to sell a package of UK northern and central North Sea assets to NEO Energy in a deal worth more than $1billion (£707.3m).
BP is relaunching the sale of its interests in a number of North Sea oil fields, according to Reuters, after the collapse of its deal with Premier Oil last year.
The Chrysaor-Premier Oil mega merger won’t mark the end of Chrysaor’s acquisition spree, according to the top consultant at Westwood Global.
Tony Durrant said he was “disappointed” that Premier Oil’s acquisition of BP’s stakes in the Andrew and Shearwater fields had been derailed.
Premier Oil is seeking another price cut for the North Sea assets it is buying from BP, according to a news report.
Production from Shell's Fram gas and condensate field in the UK central North Sea has started up.
Premier Oil has reached another “important milestone” in completing the revised acquisition of BP’s stakes in two UK North Sea fields.
Premier Oil has scrapped a $191million (£152m) deal to acquire an additional 25% stake in the Tolmount project from Dana Petroleum.
Premier Oil has renegotiated its deal to buy a series of North Sea assets from BP and ended a dispute with its largest creditor.
RockRose Energy has slashed spending for 2020 by more than £80m in response to the Covid-19 outbreak and cut the number of UK wells it will participate in.
Serica Energy’s 13million barrel Columbus gas project in the North Sea is facing potential delays due to the Covid-19 outbreak.
Shell has reached another checkpoint on the way to developing the Jackdaw field in the central North Sea.
Energy giant BP has struck a deal to sell £475 million worth of North Sea assets to Premier Oil.
Australia’s FAR has awarded a contract to acquire 3D seismic in The Gambia to Shearwater GeoServices.
Stunning footage has been captured of a critically endangered shark swimming at a gas field in the UK North Sea.
A request by Shell has seen offshore safety firm Survitec increase lifeboat capacity on the oil and gas giant's Shearwater gas hub.
Italian engineering firm Rosetti Marino said today that its selection by Shell for an early phase design contest showed the firm was “competitive” in the UK.
BP is seeking other buyers for its stake in the Shearwater field after talks with Shell fell through, according to a news report.
Shell's boss said yesterday that the energy major will invest "billions of dollars" in the UK North Sea in the coming years.