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 west of Shetland is understood to have been non-commercial.
The UK North Sea’s maturity is a double-edged sword when it comes to exploration, an analyst has said.
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".
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 is hoping to leverage its experience on major projects for more work in the west of Shetland (WoS) region.
A giant drilling rig is to pass through the Minch this week as it leaves the port of Kishorn after re-fitting work.
UK oilfield services giant Petrofac has won a £73.5 million deal to provide a range of well services for Siccar Point Energy.
Bosses at DeltaTek Global are targeting “aggressive growth” in the wake of a year of breakthroughs for the Dyce-based well construction pioneer.
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.
There’s never been a more exciting time on the UK Atlantic Frontier.
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.
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.
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.
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.
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 Energy’s boss said the private-equity backed oil firm plans to be a fixture in the waters around Shetland for the long haul.
Private equity start-ups are causing a stir in the North Sea, a new report said.
The Erland Wild West 3D seismic survey project has started today in the west of Shetland region of the North Sea.
There is "still a lag" between awarding licences and "tangible drilling" in the North Sea, an energy research group warned in a report today.
Aberdeen oil firm Siccar Point Energy today completed the sale of a stake in the Jackdaw discovery in the central North Sea.
Oil firm Siccar Point Energy has applied to the UK Government for permission to drill the Lyon well west of Shetland.
Oil firm Siccar Point Energy said today that it had booked a rig for drilling the Lyon well next year.
US major Chevron is getting ready to launch a fresh tender for a floating production, storage and offloading (FPSO) vessel for its giant Rosebank project in the UK North Sea.