Energean completes Edison E&P deal
Energean has closed its acquisition of Edison Exploration & Production from Edison for a total of $203 million.
E&P
Equinor hoping to sell stake in UK North Sea prospect ‘very shortly’
Norwegian energy giant Equinor is on the lookout for a farm-in partner for a UK central North Sea prospect.
IOG gets its priorities straight in southern North Sea
Independent Oil and Gas (IOG) said two discoveries it picked up in the 32nd licensing round show “good synergies” with its core portfolio in the southern North Sea.
CNOOC urges suppliers to help it unlock ‘challenged’ North Sea project
Exploration and production firm CNOOC has turned to an online resource managed by the UK oil sector’s regulator for help unlocking a North Sea project which is at risk of being left “stranded”.
Cnooc preparing to spud Glengorm appraisal
Westwood Global Energy reports that as of December 2 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. At the time of writing, the first appraisal well of the year was preparing to spud.
West of Shetland oil and gas remains UK’s best bet for growth despite recent setbacks
The West of Shetland oil and gas (WoS) basin has long been held aloft as the UK’s last great hope for indigenous oil and gas production growth.
Neptune falls to third-quarter loss but North Sea projects brighten outlook
Neptune Energy fell to a loss in the third-quarter as its figures came under pressure from lower oil and gas prices and “operational issues” in Norway and Algeria.
Shell and robotic ship firm announce ‘seep hunting’ pact
Energy giant Shell and offshore robotic ship operator Ocean Infinity have made a pact to execute multiclient "seep hunter" projects together.
Ithaca Energy outlines intent to develop central North Sea field
Ithaca Energy, of Aberdeen, has taken a step toward developing a field in the central North Sea.
Independent E&P firms that fail to adjust to energy transition will be gone by 2050, analyst says
Independent exploration and production (E&P) firms that fail to adjust to the energy transition face extinction before 2050, an analyst said today.
Glengorm appraisal operations expected to start this month
Westwood Global Energy reports that as of October 28 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. There has been no appraisal drilling to date this year.
Private-equity backer’s exit options the same as they’ve always been, Zennor boss says
Zennor Petroleum’s boss has said the private-equity-backed oil and gas company is “sitting comfortably” in spite of the Covid-19 pandemic and commodity price drop.