Discovery of ‘significant non-compliance’ behind delay to Tolmount start-up
A detailed timeline of the events that delayed the start-up of Harbour Energy’s Tolmount gas field has been published.
Tolmount
New CEO inbound for Dana Petroleum
Dana Petroleum is set to replace chief executive Jongwoo Kim, who will return to the company’s state-backed parent group.
The Not-So-Dirty Dozen: Key North Sea hubs still producing in 2032
There are several hubs around the North Sea which will still be producing in a decade’s time – but 12 of these will be “key” thanks to their production upsides and emissions intensity, according to new research.
Harbour Energy poised to drill over 20 development and infill wells in 2022
Harbour Energy is pushing ahead with an “active rig programme”, with plans to drill over 20 development and infill wells in 2022.
Harbour Energy achieves first gas from delayed Tolmount project
Production is underway at Harbour Energy’s Tolmount field, a source close to the company has confirmed.
Harbour Energy eyes clutch of North Sea projects in 2022
Harbour Energy has outlined a clutch of projects expected to get underway in the North Sea this year, including new wells at the J-Area and Catcher field.
Harbour eyes £1.3bn cash boom from oil price hike
Harbour Energy posted pre-tax profits of $315 million (£239m) for full-year 2021, and expects a windfall of up to £1.3bn in free cashflow by the end of the year as higher commodity price prevail.
Dana took £45m hit in pull out of North Sea gas project
Dana Petroleum took a £45 million write down after its shock exit from the Platypus development in the North Sea.
Dunnottar exploration prize is ‘a well to watch’ says Harbour Energy boss
The Europe chief executive of Harbour Energy has told investors that the Dunnottar exploration project is a “a well to watch”.
Harbour Energy announces £150m annual dividend, pushes Tolmount start-up
North Sea operator Harbour Energy expects the start-up of its delayed Tolmount project in Q1 2022 and downgrades field reserves, as it lays out plans for a £150million annual dividend policy.
Latecomers: The UK North Sea projects still aiming to start up in 2021
With Covid deferrals in 2020 having hit hard, 2021 was expected to herald the start-up of 10 new oil and gas fields in the UK North Sea.
HSE investigating as delayed Tolmount project plagued by oil and gas releases
Investigations are ongoing into a series of oil and gas releases at Harbour Energy’s problem plagued Tolmount project.
Harbour Energy back in black, aims to reverse production drop
Harbour Energy has returned to profits and is predicting a boost to its North Sea production as drilling campaigns get underway.
Blow for Harbour Energy as Tolmount project hit by delay
Harbour Energy has warned that first gas from the Tolmount field in the UK southern North Sea will be delayed after equipment glitches were uncovered.
First gas from Harbour’s Tolmount project in July, shares dip on lower output forecast
Harbour Energy has confirmed that its Tolmount development is on course to start up production at the end of next month.
Fire and equipment failures hit production for Premier Oil Catcher field
A fire on board and other equipment failures cut production at the Premier Oil Catcher FPSO by nearly a quarter last year.
Premier Oil moves Tolmount East timeline
Premier Oil has pushed back the timeline for sanctioning its Tolmount East development in the North Sea.
KNOC seeks to sell part of Dana stake in Tolmount project: Report
KNOC is planning to sell 10% of subsidiary Dana Petroleum’s stake in the Tolmount project in the North Sea.
Outages and impairments take £100m chunk out of Dana Petroleum profits
Unplanned outages and impairments took a £100 million bite out of Korean-owned Dana Petroleum’s profits last year, new documents show.
Premier Oil in ‘final negotiations’ ahead of FID on Tolmount East
Premier Oil is in "final negotiations" with contractors ahead of an investment decision being made on the proposed Tolmount East development.
‘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.
‘Big milestone’ for Premier Oil after Tolmount topside successfully installed
Premier Oil has welcomed a major milestone after the Tolmount platform was successfully installed in the early hours of this morning.
Premier Oil hails arrival of Tolmount platform in North Sea, kicks off installation
Premier Oil has hailed the arrival of its Tolmount platform in the North Sea and kicked off installation work.
Premier Oil deal won’t end Chrysaor acquisition spree – Westwood
The Chrysaor-Premier Oil mega merger won’t mark the end of Chrysaor’s acquisition spree, according to the top consultant at Westwood Global.
Premier Oil seeks another price cut for BP North Sea assets – report
Premier Oil is seeking another price cut for the North Sea assets it is buying from BP, according to a news report.