Dealmakers look ahead to ‘big year’ for M&A in UK North Sea
As some of the North Sea’s private equity-backed players prepare themselves for public listings, 2020 is expected to be a “big year” for gauging the size of investors’ appetites.
Siccar Point
DeltaTek wins more than £1.5m in contracts in 2019
Well construction firm DeltaTek has announced it won more than £1.5 million in contract awards in 2019.
Simulator training success on Ocean GreatWhite to be rolled out across other projects
Simulator training to prepare crews for the specific drilling conditions at Blackrock off Shetland has proved so successful it is being rolled out across other projects.
Siccar Point aims to keep options open with new gas line west of Shetland
The design for the Cambo field, west of Shetland, will take some of the sting out of a problem that has “held back” production from the area for decades, an oil company chief said.
OGUK unveils 10 ‘principles’ to support battered supply chain
Trade body Oil and Gas UK (OGUK) has published a list of 10 “principles” aimed at helping a "fragile" supply chain whose margins have been squeezed tight by customers in recent years.
New wave of UK project sanctions out to 2022, Rystad predicts
The UK offshore scene is poised for a timely comeback, according to energy consultancy Rystad.
Diamond Offshore sees losses double in first half of 2019
Diamond Offshore has reported a more than doubling of its losses in the first half of 2019.
Lyon result a ‘huge disappointment’ for Siccar Point and Ineos – analysis
An analyst has classed the results of the Lyon exploration well West of Shetland as a “huge disappointment” for operator Siccar Point and partner Ineos.
Siccar Point’s Blackrock well ‘non-commercial’
Siccar Point’s Blackrock well west of Shetland is understood to have been non-commercial.
Two sides to North Sea exploration coin, analyst says
The UK North Sea’s maturity is a double-edged sword when it comes to exploration, an analyst has said.
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".
Shape of things to come in UK M&A market
Following a period of relatively low deal activity, in 2018 we started to see an uptick in deals – but that has paused slightly since the oil price fall at the end of 2018. Are there more deals to be done, or has oil price volatility cooled off the M&A market? What do the trends and themes seen in some of the latest UKCS M&A deals tell us?
Crondall Energy targets growth from west of Shetland experience
Crondall Energy is hoping to leverage its experience on major projects for more work in the west of Shetland (WoS) region.
Drilling rig to leave Kishorn after refit
A giant drilling rig is to pass through the Minch this week as it leaves the port of Kishorn after re-fitting work.
Updated: Petrofac bags £73.5m well services deal with Siccar Point
UK oilfield services giant Petrofac has won a £73.5 million deal to provide a range of well services for Siccar Point Energy.
New staff on horizon as DeltaTek continues to expand
Bosses at DeltaTek Global are targeting “aggressive growth” in the wake of a year of breakthroughs for the Dyce-based well construction pioneer.
Ocean GreatWhite’s arrival hailed golden opportunity
READ: Mega-rig arrives at revamped Kishorn Port ahead of North Sea campaign
M&A deals caught in ‘paralysis’ of oil price uncertainty
Uncertainty created by volatile oil prices “paralysed” a number of North Sea asset deals at the end of 2018, a top energy sector investor said.
West of Shetland dream coming true for Siccar Point
There’s never been a more exciting time on the UK Atlantic Frontier.
OGA and operators work to solve infrastructure puzzle
The Oil and Gas Authority (OGA) is working to solve an “infrastructure puzzle” for what is considered to be the most prospective region of the UK North Sea.
How the wild west can be won
The west of Shetland region may have challenging deep waters, 40m waves and fierce gales but with increasing activity levels and access to infrastructure in place, current and future fields are being brought within easier reach.
Cautious optimism for the year ahead
In the era of Trump and Brexit it’s a risky business trying to second guess what the future might hold, especially when it comes to the UK ‘s often volatile oil and gas sector. There are, however, some developments we can look back on from the last 12 months in trying to assess what might lie in store over the course of 2019.
Mega-rig to christen redeveloped Kishorn dry dock
A huge refurbished dry dock in the Highlands has landed its first major contract, playing host to the world’s largest semi-submersible offshore drilling rig.
Buyer of Chevron’s Rosebank stake ‘will need deep pockets’, says Woodmac
Any buyer of Chevron's North Sea Rosebank stake will "need to have very deep pockets", according to a Wood Mackenzie (Woodmac) research chief.
Siccar Point playing long game west of Shetland
Siccar Point Energy’s boss said the private-equity backed oil firm plans to be a fixture in the waters around Shetland for the long haul.