Siccar Point delays approval for flagship Cambo field in West of Shetland
Siccar Point Energy has announced it will defer approval of its highly-anticipated Cambo development until the second half of next year due to the coronavirus outbreak.
Siccar Point Energy
More than a dozen North Sea projects face red light due to oil price plummet
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
Equinor’s Rosebank to help bring North Sea spending to decade high – Westwood
Projects from Equinor off the UK and Norway will help bring North Sea spending to its highest level in a decade, according to Westwood Global.
Blackstone gets final bids for North Sea oil producer
Siccar Point Energy Ltd., the North Sea oil producer backed by Blackstone Group Inc., has received final bids from suitors including Chrysaor Holdings Ltd. and Equinor ASA, people with knowledge of the matter said.
Consultancy Genesis says margins remain under pressure amid stiff competition
A global oil and gas consultancy with a base in north-east Scotland has blamed stiff competition for a near doubling of its pre-tax losses.
RockRose Energy starts ‘significant period of development’ with West Brae wells
RockRose Energy has said it is beginning a “significant period of development activity” over the next year, starting with its West Brae field.
Sun sets on a slow year for North Sea sanctions
A bumper year for new project sanctions on the UK continental shelf (UKCS) in 2018 has been followed by an underwhelming 2019, analysts have said.
Siccar Point sale attracts bids of up to $2bn – report
Bids to buy North Sea producer Siccar Point Energy have come in at between $1.2bn and nearly $2bn, according to a news report.
Siccar Point reaches another milestone ahead of Cambo FID
Siccar Point Energy has reached another checkpoint en route to a final investment decision (FID) for its 900 million barrel Cambo project off Shetland.
Time for a rethink in the Faroes
It’s fifth offshore oil & gas licensing round is likely to be the final throw of the hydrocarbons dice for the Faroe Islands.
Neodrill inks new deal with Siccar Point for Cambo
Pre-rig technology firm Neodrill has announced a new deal with Siccar Point for an optimisation study as part of the North Sea Cambo field development.
Sembcorp selected for Cambo FPSO front end design
Siccar Point Energy has handed out a contract for the front end design of a production vessel for the 800-million barrel Cambo project, north-west of Shetland.
Disappointment as Lyon comes up dry for Siccar Point
One of the most highly anticipated exploration prospects in the UK North Sea this year has come up dry.
Private-equity firm buys Huntly-based pipeline welder in multimillion pound deal
An Aberdeenshire oil and gas pipeline welding company has been snapped up by a private-equity firm in a multi-million pound deal.
Siccar Point kicks off drilling at Lyon prospect
Siccar Point Energy has kicked off drilling at its Lyon prospect in the West of Shetland.
Siccar Point hails ‘very encouraging’ Blackrock exploration result
Private equity-backed oil and gas exploration firm Siccar Point last night described the result of drilling at its Blackrock exploration well as "very encouraging".
Losses widen for Diamond Offshore, wins North Sea work for Ocean GreatWhite
Diamond Offshore saw its losses widen in the first part of 2019.
Siccar Point kicks off 2019 drilling campaign with Blackrock
Siccar Point Energy has kicked off its 2019 drilling campaign with the spudding of an exploration well at the Blackrock prospect west of Shetland (WoS).
Shell targeting growth in North Sea business
Shell remains firmly focused on beefing up its UK North Sea business in spite of recent oil price volatility, the energy giant’s boss said yesterday.
Siccar Point adds clout with beefed up lending facility
Siccar Point Energy has beefed up its financial clout with ahead of what promises to be a busy 2019 for the North Sea oil firm.
North Sea players bring ‘rebound’ to FPSO market
North Sea work is helping bring the global FPSO market “back to life” according to a new report from Rystad Energy.
Talks over Faroe service centre for Atlantic Frontier fields
A Faroese delegation has been in Aberdeen last week for discussions with five key oil companies, the Oil and Gas Authority, Oil and Gas UK and at least one major subsea contractor regarding future Atlantic Frontier prospects.
Siccar Point supports scientific site of same name
Aberdeen-based oil exploration firm Siccar Point Energy is to support its namesake site as a place of scientific interest.
Siccar Point delays Lyon well as harsh winter weather looms
Siccar Point Energy has delayed the drilling of an exploration well on one of the North Sea’s hottest prospects until next year.
Faith grows in offshore revival
Private equity firm Blue Water Energy (BWE) is more interested in buying than selling at present as offshore activity shows signs of a “rebound”, its co-founder said.