Hurricane Energy has announced it expects revenues generated from its Lancaster field West of Shetland to reach $165m (£123m) in the 2019 financial year.
West of Shetland
Energy giant BP has confirmed it is studying the potential to power North Sea platforms with green electricity in a bid to cut carbon emissions.
BP expects to make a “properly assessed decision” next year on whether to keep exporting oil to Shetland’s Sullom Voe terminal.
Shares in Hurricane Energy slid on Monday despite the company confirming oil at a field west of Shetland.
Bids to buy North Sea producer Siccar Point Energy have come in at between $1.2bn and nearly $2bn, according to a news report.
Hurricane Energy has announced it will begin testing on its Warwick West well today.
Ithaca Energy’s boss said yesterday that the enlarged company was “raring to go” after completing the £1.6 billion acquisition of US firm Chevron’s UK North Sea business.
Centrica has formally launched the process of selling off its stake in North Sea explorer Spirit Energy, according to a news report.
Siccar Point Energy has reached another checkpoint en route to a final investment decision (FID) for its 900 million barrel Cambo project off Shetland.
Chinese firm Cnooc has confirmed that its Howick exploration well located west of Shetland was a duster.
Drilling has begun on Warwick West, the third in a three well campaign west of Shetland for Hurricane Energy and partner Spirit Energy.
Hurricane Energy has started exploring options for a full-scale development of the area which delivered the firm’s maiden revenue in the first half of 2019.
Hurricane Energy narrowed its pre-tax losses in a first half marked by the achievement of first oil from its flagship project west of Shetland.
Hurricane Energy’s successful appraisal of the Lincoln field should restore confidence in the potential of the Greater Warwick Area (GWA), west of Shetland, an analyst has said.
CNOOC has confirmed that it has started drilling at the Howick prospect west of Shetland.
Hurricane Energy has confirmed it has struck oil at its Lincoln Crestal well in the 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.
BP is sounding out the supply chain for advice on redeveloping the Foinaven field, west of Shetland, the firm’s North Sea boss said.
Hurricane Energy said today that production from its Lancaster field had been "promising" since the delivery of first oil in June, despite flowline "constraints".
Siccar Point Energy has handed out a contract for the front end design of a production vessel for the 800-million barrel Cambo project, north-west of Shetland.
Babcock Offshore said today that it had won two new contracts for helicopter crew change operations out of its Aberdeen base.
Lower oil prices offset an otherwise good performance for BP in the first half of the year, while major projects such as Culzean in the North Sea came online.
Cnooc International has started drilling an appraisal well at its Cragganmore discovery in the West of Shetland.
Total has started drilling an appraisal well at its Glendronach discovery in the West of Shetland.
Climate change activists made their way to Elgin yesterday to protest as energy bosses met in the town.