The West of Shetland oil and gas (WoS) basin has long been held aloft as the UK’s last great hope for indigenous oil and gas production growth.
Siccar Point Energy
Private equity firms that piled into oil-production assets in the past few years now find themselves stuck, and forced to contemplate novel ways to make an exit.
The global focus and dependency on fossil fuels and shift towards low carbon energy has been building for many years, but only in the last 18 to 24 months has it become a leading agenda item in national and international political arenas.
ExxonMobil's UK North Sea assets have attracted suitors from state-owned companies to private equity-backed firms as the US oil giant seeks to exit the aging region altogether, according to people with knowledge of the matter.
Bosses at Ineos’ North Sea oil and gas business have vowed to keep “pursuing growth opportunities” despite a 95% profits plunge in 2019.
Shell has reiterated its “commitment” to the North Sea and West of Shetland, saying there is still “running room” in the region.
Pale Blue Dot Energy (PBD) has gained "financial heft", with backing from an Australian investment giant to help deliver one of the UK’s first major CCS projects.
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.
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
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.
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.
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 has said it is beginning a “significant period of development activity” over the next year, starting with its West Brae field.
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.
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 Energy has reached another checkpoint en route to a final investment decision (FID) for its 900 million barrel Cambo project off Shetland.
It’s fifth offshore oil & gas licensing round is likely to be the final throw of the hydrocarbons dice for the Faroe Islands.
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.
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.
One of the most highly anticipated exploration prospects in the UK North Sea this year has come up dry.
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 Energy has kicked off drilling at its Lyon prospect in the West of Shetland.
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".
Diamond Offshore saw its losses widen in the first part of 2019.
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).