Oil exploration firm Siccar Point Energy said today that the initial results from its Cambo well, west of Shetland, were "encouraging".
Siccar Point Energy
Well construction start-up DeltaTek Global will trial its SeaCure product offshore with two North Sea operators this summer.
Aberdeen oil firm Siccar Point Energy has started drilling a final appraisal well on the Cambo field, north-west of Shetland.
Energy giant Shell has acquired a non-operated working interest in Siccar Point Energy’s Greater Cambo Area licenses in the North Sea.
Lorenzo Simonelli, chairman, president and CEO, of BHGE shared his thoughts on the company’s first six operational months since the merger of GE and Baker Hughes, saying the firm “can, and will, deliver”.
Austrian oil firm OMV returned to the black last year after booking record production and lowering costs.
A new well foundation technology could provide reduced well costs, safety improvements and reduce the overall environmental impact to the UK Continental Shelf (UKCS).
Private equity firm Blue Water Energy (BWE) has closed its second fund after securing commitments of more than $1.1billion.
Siccar Point Energy said today that it had agreed to sell majority interests in two exploration licences in the west of Shetland area to energy giant Ineos.
Aberdeen oil firm Siccar Point Energy has struck a deal to sell its stake in the Jackdaw discovery in the central North Sea.
Siccar Point Energy (SPE) has booked a rig for an appraisal well west of Shetland.
Another North Sea newcomer has put down roots in Aberdeen.
Oil major BP is celebrating the start of production from Quad 204, one of the largest field redevelopments in North Sea history.
A boss at BP has hailed the North Sea as an attractive place to invest and said the oil major would keep working to “reinforce confidence” in the region.
North Sea oil and gas is on the crest of a “third wave” in its evolution following a series of major deals worth more than $6billion (£4.8billion), energy professionals have claimed.
OMV said it has closed its divestment of its British business to Siccar Point Energy.