There are only six big-spend projects expected for the UK North Sea and West of Shetland in the coming years, meaning limited opportunity for big players to benefit from windfall tax offsets.
Its more than a year since Shell (LON: SHEL) said it wouldn't invest in the Cambo oilfield, but as the project approaches a green light, the firm is weighing whether to stick or sell up its stake.
Meanwhile, Hurricane said it has had "multiple proposals from credible counterparties" on its process to sell the company.
Labour has urged the new UK business secretary to shut down the Rosebank oilfield before it begins production.
The UK Upstream boss at Shell talks West of Shetland potential, investment and finding the right portfolio fit.
BP (LON: BP), Ithaca Energy (LON: ITH) and Equinor (OSLO: EQNR) will see the valuations of their West of Shetland oilfields increase by half a billion dollars after electrification, according to analysis.
BP (LON: BP), Ithaca Energy (LON: ITH) and Equinor (OSLO: EQNR) are teaming up to slash emissions at huge oilfields in the West of Shetland through electrification.
Ithaca Energy (LON: ITH) has hinted at contracts on the horizon for the Cambo oilfield, with “line of sight” to sanctioning the project next year.
A frontier near the huge Cambo and Rosebank fields in the West of Shetland has been left “underexplored” according to a new study.
The North Sea Transition Authority (NSTA) has fired the starting pistol on the 33rd oil and gas licensing round, the UK’s first since 2019.
It has been revealed that Shell (LON: Shel) is the previously unknown “oil and gas major” behind the purchase of Corallian Energy.
French supermajor TotalEnergies (LON: TTE) is ramping up activity at its Glendronach gas discovery West of Shetland.
Hurricane Energy (LON: HUR) has finally called it a day on a West of Shetland prospect, once thought to hold 1.2 billion barrels of oil.
Hurricane Energy (LON: HUR) has opted not to drill a new well at its flagship Lancaster field after it failed to secure assurances around flaring permits.
Appetite exists for new oil and gas exploration west of Shetland but vital infrastructure will be needed to make good on the region’s potential resources, according to Offshore Energies UK (OEUK).
Residents in a small village less than a mile from where the Foinaven FPSO is laid up have expressed climate concerns as plumes of black smoke have been seen emanating from it.
An unnamed “oil and gas major” has struck a £32 million deal to acquire the controlling stake in West of Shetland operator Corallian Energy.
For a nation with no producing oil and gas assets, the Faroe Islands is not short on ambition.
Equinor is hoping its £8 billion Rosebank project can “trigger” wider electrification across the West of Shetland region.
A permanent feature of the West of Shetland for many years, the Foinaven vessel recently left the namesake BP field for the last time.
Oil giant Shell (LON:SHEL) has begun a hunt to find a buyer for its stake in the controversial Cambo field in the UK North Sea, according to reports.
North Sea operator Hurricane Energy (LON:HUR) is to carry out a planned shutdown of its flagship Lancaster field next month.
News that Equinor is pushing ahead with the development of a major North Sea oil and gas field appears to have split opinion at Aberdeen University.
The former production ship for a BP (LON:BP) oilfield in the West of Shetland has arrived at Hunterston for partial decommissioning.
An environmental group is claiming Equinor will pay millions of pounds less in tax if the North Sea Rosebank field gets the go ahead.