Monetise, don’t merge, shareholder tells Capricorn
Capricorn Energy should abandon its proposed merger with NewMed Energy and opt instead to liquidate its assets, a shareholder has said.
E&P
Petrogas unveiled as farm-in partner for Cornerstone North Sea assets
Petrogas has revealed itself as the mystery buyer of stakes in a pair of North Sea assets owned by Cornerstone Resources.
i3 Energy may look to Repsol Sinopec as Serenity faces ‘heavy downgrade’
There are still options on the table for i3 Energy on the Serenity field, although a more modest concept is now likely in the works as it faces a “heavy downgrade”.
Cornerstone farms-out North Sea assets to unnamed buyer
Cornerstone Resources has farmed out a pair of North Sea exploration assets to an unnamed buyer.
‘Company-maker’ Serenity discovery disappoints at appraisal for i3 Energy
i3 Energy (LON: I3E) has announced “disappointing” results for the hotly-anticipated appraisal of its Serenity discovery in the North Sea.
How will the 33rd licensing round work?
The long-awaited 33rd offshore oil and gas licensing round officially launches today.
Almost 900 blocks up for grabs as 33rd North Sea oil and gas licensing round launched
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.
Jersey making ‘great progress’ in finding partner for GBA redevelopment
Jersey Oil and Gas is making “great progress” in its quest to find a partner for the Greater Buchan Area (GBA) redevelopment.
Drilling of Serica North Eigg exploration well hit by £3m, six-week delay
Drilling operations on the North Eigg exploration well have been hit by delays, Serica Energy (LON: SQZ) has confirmed.
Equinor and Soliton target 100m barrel North Sea exploration prize
Equinor and Soliton Resources will drill an exploration prospect targeting up to 100 million barrels of oil equivalent in the UK North Sea.
i3 Energy to drill ‘company-maker’ Serenity appraisal this month
i3 Energy (LON: I3E) has said it will drill its “company-maker” Serenity appraisal well this month.
Bridge receives ‘multiple offers’ for North Sea redevelopment but licence roadblock beckons
Bridge Petroleum has reported “multiple offers” for its Galapagos North Sea redevelopment; however, licensing rules may produce a roadblock.
UK well slot – Serica and Shell get spudding
As of 24 August, Westwood Global Energy reports that there are three exploration wells active, with two in the CNS and one in the NNS. One well completed at Edinburgh.
Isabella: Appraisal drilling kicks off to confirm major North Sea discovery
TotalEnergies (PARIS: TTE) has kicked off hotly-anticipated appraisal drilling at the Isabella discovery in the UK North Sea.
‘All systems go’ for Ping Petroleum at Avalon field
Key papers for the development of the Avalon field are to be lodged at any moment, the operator has confirmed.
Deltic Energy in partner hunt for 24 million-barrel North Sea prospect
Deltic Energy (LON: DELT), the exploration company which has attracted Shell and Cairn in the North Sea, is working up a new 24 million-barrel prospect.
UK well slot: Orlov awaits after Edinburgh dud
As of 25 July, Westwood Global Energy reports that there are three exploration wells active, with two in the CNS and one in the NNS.
Neptune Energy gets after Ofelia exploration prize
Neptune Energy has kicked off drilling on the Ofelia exploration well in the North Sea.
Shell and Deltic Energy invest in high-impact North Sea exploration well
Shell (LON: SHEL) and Deltic Energy (LON: DELT) have decided to invest in a high-impact exploration well in the UK North Sea.
Serica spuds North Sea exploration well
North Sea operator Serica Energy (LON: SQZ) spudded the North Eigg exploration well this morning.
Shell to plug hotly awaited Edinburgh well after it comes up dry
A North Sea exploration well, previously tipped as one to watch, is to be plugged and abandoned (P&A) after coming up dry.
Stockbrokers put £33.5 million valuation on UK North Sea discovery
Stockbrokers have placed a £33.5 million valuation on an oil discovery in the Central North Sea.
Repsol Sinopec kicks Tain FID down the road again
A planned final investment decision (FID) on a multi-million barrel North Sea field has been delayed once again.
Shell and Deltic pick Maersk rig for ‘high impact’ North Sea exploration target
Shell (LON: SHEL) and Deltic Energy (AIM: DELT) have gone with a Maersk Drilling rig for their Pensacola exploration target in the UK North Sea.
Cornerstone ready for ‘massive’ UK North Sea opportunity after buying up assets
Gas firm Cornerstone Resources, backed by the former CEOs of IOG and Ithaca Energy, is targeting a “massive opportunity” in the southern North Sea as it solidifies its position in the region.