UK offshore market expecting rebound ‘over the next 24 months’ – Westwood
The next 24 months will see a “rebound” in work for the UK North Sea, according to Westwood Global, with a clutch of offshore projects for contractors to keep an eye on.
Siccar Point
‘The valuations for E&P companies on the stock market are not very attractive’ – could we see more North Sea reverse takeovers?
The reverse takeover model could become more of a permanent fixture in the North Sea in the coming years as more private-equity (PE) backed operators look to go public.
Torrid times in the North Sea may favour private equity
It is hard to know where to begin when describing the scale of the crisis gripping Big Oil.
Analyst predicts return of marginal gains ethos in North Sea
Coach Sir Dave Brailsford is widely credited with turning around the fortunes of Britain’s cyclists using the “marginal gains” philosophy.
No ‘adverse impact’ on North Sea operations due to Covid-19, RockRose boss says
RockRose Energy hasn't experienced any "adverse impact" on its North Sea operations due to the Covid-19 outbreak, according to the firm's boss.
Oil price war may trap private-equity firms in North Sea
The last time crude prices crashed in 2014, the North Sea looked like a treasure trove for private equity looking to buy cheap assets, build them up and sell for a profit. Now, just as these firms are seeking an exit, the oil-price war might leave them trapped
Subsurface technology takes centre stage at industry events
With the transition to net zero gathering momentum, the importance of innovative subsurface technology and expertise to maximise economic recovery and diversify the energy mix will be the focus of two upcoming SPE Aberdeen events.
All the North Sea’s majors are switched on to platform electrification, says Baker Hughes VP
Every major oil firm in the UK and Norway is now engaged in talks on electrification of offshore platforms, according to energy services giant Baker Hughes.
Changes reflected at ‘Hill’
Hill of Rubislaw in Aberdeen reflects the changing face of the North Sea oil and gas industry, two of the north-east’s leading commercial property experts said yesterday.
The other side of Lerwick’s story
Lerwick harbour continues to add to its reputation as a leading support hub for the oil and gas industry in northern waters through its contribution to the offshore sector’s operations west of Shetland.
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.
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.