Serica Energy enjoys £390 million profits surge on higher commodity prices
Serica Energy enjoyed an “outstanding year” in 2021 as gross profits surged to £386.8 million, reversing £2.9m losses the prior year, amid a huge bump to commodity prices.
BP pressing ahead with Murlach oil and gas field in UK North Sea
BP is pressing ahead with plans to develop the Murlach oil and gas field in the UK North Sea, hailed by industry leaders as "vitally important" for maximising domestic supply.
North and north-east energy firms rake in Queen’s Award success
Nearly half of the latest Scottish winners of Queen’s Awards for Enterprise are from the north and north-east.
Maersk Drilling sells Convincer rig to ADES in $42.5m deal
Maersk Drilling has reached a deal to sell its Maersk Convincer oil rig to Middle East and Africa-focused driller ADES for $42.5 million.
ConocoPhillips eyes 80 years of production from North Sea oilfield
ConocoPhillips has been granted licence extensions to one of its major North Sea oil hubs – which could see its production life reach nearly 80 years.
Updated: Wood set for a ‘phenomenally positive’ future, says outgoing CEO Robin Watson
The outgoing CEO of Wood, Robin Watson, believes the energy services giant is on course for a “phenomenally positive” future as he prepares to step down.
Shell withdraws staff from Russia projects as exit plan begins
Shell started to withdraw staff from its joint ventures with Gazprom PJSC as it moves forward with plans to exit investments in Russia response to the invasion of Ukraine.
Oil fluctuates as traders assess China’s vow, unrest in Libya
Oil fluctuated as China vowed to repair the economic damage caused by a spate of lockdowns, and crude supplies from Libya were disrupted.
Navitas farms in to 250 million-barrel Sea Lion project as Harbour Energy exits
Harbour Energy is getting a “clean exit” from the Sea Lion project in the Falklands as Navitas Petroleum farms in.
Shearwater scoping out UK North Sea carbon storage for Eni
Shearwater Geoservices has won work for multiple 3D seismic surveys to scope out carbon storage potential for Eni in the UK.
Maersk Drilling lands extension at giant Ichthys field
Maersk Drilling has landed a one-year contract extension with INPEX at the giant Ichthys field off Australia.
‘Failures and contradictions’: CHC lands scathing attack on competition watchdog over Babcock findings
CHC has launched a scathing critique of the competition watchdog for what it calls “incomplete, selective and deficient” analysis of its takeover move for Babcock.
Singapore player swoops in for a pair of North Sea discoveries
Lime Petroleum, a subsidiary of Singapore’s Rex International Holding, has swooped in for a pair of assets in the North Sea.
Iraq eyes decision in May on Halliburton gas deal
Iraq may reactivate a deal with Halliburton to drill wells in a western gas field in Akkas next month, Oil Minister Ihsan Abdul Jabbar told local media.
Oil gains as week opens on Libyan Disruption, Russia’s Warning
Oil climbed as supplies from Libya were interrupted and Russia warned of the potential for record prices if more nations ban its energy.
New North Sea oilfield Avalon to be developed with FPSO and floating wind combo
A “key milestone” has been reached for Avalon, a new oilfield in the UK North Sea, to go ahead.
Hurricane Energy adds more barrels to flagship Lancaster field
Hurricane Energy (LON: HUR) expects to get some extra barrels out of its flagship Lancaster field, as set out in a new competent person’s report.
Flagship annual dinner of the Energy Institute returns to Marcliffe after two year break
A popular energy industry event is making its return to the north-east calendar following the pandemic.
Pioneering Spirit arrives to remove Ninian Northern jacket
The giant heavy lift vessel Pioneering Spirit has arrived on site to remove the jacket of the Ninian Northern field.
Noble and Maersk Drilling to sell off several North Sea rigs to overcome merger hurdles
Maersk Drilling and Noble Drilling are preparing to sell a series of oil rigs, currently stationed in the North Sea, in order to get over competition hurdles.
Former Bi-Fab Arnish yard ‘very busy’ with new contracts for Hinkley C and Saipem
The former Bi-Fab yard at Arnish is keeping “very busy” with two contract wins for the Hinkley C nuclear power station and for Italian energy services firm Saipem.
EnerMech lands $3 million deals to support majors in Azerbaijan
Aberdeen-headquartered energy services group EnerMech has landed two contracts in Azerbaijan supporting major projects in the Caspian.
New digs for DNV Aberdeen as firm eyes 100 new UK jobs
DNV has moved into a new base in Aberdeen after nearly 25 years, and is making a recruitment push for dozens of new jobs.
Shell, Banks say Nigeria’s Aiteo owes $1.7 billion in oil loans
One of Nigeria’s largest oil producers, Aiteo, owes $1.7 billion to Shell and seven banks, which if unpaid, could do significant harm to the West African country’s financial system, say the lenders.
i3 Energy seeks more partners on ‘company-making’ North Sea field
North Sea operator i3 Energy (LON: I3E) has said an appraisal on its “company-making” Serenity field will now take place in the second half of the year.