Equinor is testing the water on collaboration ahead of a potential extension to its flagship Mariner field.
Siccar Point Energy
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 Shell’s stance on Cambo and it still has no intention to progress the field, the company’s chief executive has confirmed.
Equinor has been handed an extension to the Rosebank licences – 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 Equinor’s 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 “map out the next steps” 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 Energy’s intentions for the scheme could soon become clearer.
Shell’s chief executive has reiterated that financial motives were the driver behind the supermajor’s 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 operator’s decision to ‘pause’ the development in December.
The North Sea is one of just a handful of regions “falling behind” 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.
While the future of the divisive Cambo field still hangs in the balance a key contract for the project may soon be allocated.