Equinor gauging appetite for collaboration on Mariner extension project
Equinor is testing the water on collaboration ahead of a potential extension to its flagship Mariner field.
Equinor is testing the water on collaboration ahead of a potential extension to its flagship Mariner field.
A handful of North Sea oil and gas schemes have been included in a list of infrastructure projects the UK Government is aiming to fast track.
With conflict in Ukraine and sanctions on Russia continuing to exacerbate supply issues, rising energy prices are fuelling new opportunities for private equity in the European oil and gas industry.
Oil giant Shell (LON:SHEL) has begun a hunt to find a buyer for its stake in the controversial Cambo field in the UK North Sea, according to reports.
Equinor (OSLO:EQNR) has published economic analysis for its long-awaited Rosebank project, which sets out commitments to support thousands of UK jobs and invest billions of pounds in the local supply chain.
There has been no change to Shellโs stance on Cambo and it still has no intention to progress the field, the companyโs chief executive has confirmed.
North Sea firm Siccar Point Energy is nearing a decision on how best to proceed with its West of Shetland Tornado project.
Equinor has been handed an extension to the Rosebank licences โ paving the way for an investment green light.
Ithaca Energy said the government's new windfall tax could accelerate the timeline for planned North Sea capex as the company looks to cash in on the investment relief.
The Tory energy secretary was dealing with 100 campaign messages a day as climate activists fought to block the controversial Cambo oil field expansion off Shetland.
Siccar Point Energy has enjoyed a $359 million boost thanks to its holding in the BP Schiehallion field in the West of Shetland.
The chairman of Ithaca Energy, soon to be the new operator of the controversial Cambo oilfield, has said the firm wants open dialogue with environmentalists and other parties on its future.
Environmental groups say a change of ownership at the controversial Cambo development will not alter the prospects for what they call a "doomed" field, following news that Ithaca Energy will acquire operator Siccar Point.
Ithaca Energy has struck a deal to buy Siccar Point Energy, operator of the controversial Cambo project, for just shy of $1.5 billion.
Securing an extension to the Cambo licenses affords Siccar Point Energy time to find the right partner to progress the project.
Shearwater GeoServices has been awarded a contract for a 4D seismic monitor project at Equinorโs Mariner field offshore UK.
Siccar Point Energy and Shell have been granted a two-year extension to the licences for the Cambo oil field, paving a potential future for the project.
Industry leaders have been debating as news emerges that Shell is reconsidering its exit of the Cambo oilfield.
Shell has said it is working with Siccar Point Energy and the UK Government to โmap out the next stepsโ on the Cambo project.
North Sea initial public offerings (IPOs) could be back on the menu with healthy oil and gas prices tipped to continue for much of 2022.
While the future of the Cambo project remains on hold, Siccar Point Energyโs intentions for the scheme could soon become clearer.
Shellโs chief executive has reiterated that financial motives were the driver behind the supermajorโs decision to pull out of Cambo.
The UK Government has asked Siccar Point Energy for an updated timeline on its controversial Cambo project, following the operatorโs decision to โpauseโ the development in December.
The North Sea is one of just a handful of regions โfalling behindโ as offshore oil and gas investment returns to pre-pandemic levels around the world.
Siccar Point Energy has said that Equinor, its partner and operator of the Mariner project, has been "premature" in making a huge downgrade in reserves estimates for the field.