BP and Altera launch investigation after blaze on Petrojarl Foinaven FPSO
BP (LON: BP) and Altera Infrastructure have launched an investigation after a fire broke out on the Petrojarl Foinaven FPSO over the weekend.
West of Shetland
Sturgeon accused of having ‘fingers in ears’ after refusing to shift stance on Cambo
Scotland’s First Minister has been described as a threat to energy security after she reiterated her opposition to a controversial North Sea oilfield.
Cambo extension gives Siccar Point time to identify the right partner
Securing an extension to the Cambo licenses affords Siccar Point Energy time to find the right partner to progress the project.
Siccar Point and Shell handed extension to Cambo licences
Siccar Point Energy and Shell have been granted a two-year extension to the licences for the Cambo oil field, paving a potential future for the project.
BP seeks sale of Foinaven field in West of Shetland
BP is seeking to sell its beleaguered Foinaven field in the west of Shetland, according to a news report.
‘Cambo has to go ahead’: Industry debates as Shell reconsiders oilfield exit
Industry leaders have been debating as news emerges that Shell is reconsidering its exit of the Cambo oilfield.
Shell ‘mapping out next steps’ on Cambo
Shell has said it is working with Siccar Point Energy and the UK Government to “map out the next steps” on the Cambo project.
Equinor signs key contract to use Knarr FPSO at Rosebank field in West of Shetland
Equinor has put pen to paper on a contract with Altera Infrastructure to use the Knarr FPSO at the Rosebank field in the West of Shetland.
TotalEnergies sells partial West of Shetland stake to Kistos in £123 million deal
TotalEnergies has agreed to sell a 20% stake in a package of West of Shetland assets to Kistos Energy in a deal worth more than $165 million (£123 million).
North Sea ‘falling behind’ as global offshore investment returns to pre-pandemic levels
The North Sea is one of just a handful of regions “falling behind” as offshore oil and gas investment returns to pre-pandemic levels around the world.
BP hands in decommissioning plan for Foinaven FPSO
BP has handed in the decommissioning plan for the Foinaven FPSO in the West of Shetland following a flurry of HSE issues.
Equinor: ‘Expect an update on Rosebank this year’
Equinor has said it will provide an update on the concept for the Rosebank project in the West of Shetland later this year.
Victory: Plans submitted for West of Shetland gas discovery
Plans have been submitted to the UK Government to develop the Victory gas discovery in the West of Shetland.
Hurricane Energy says ‘no further action necessary’ over failed restructuring
Hurricane Energy (LON: HUR) has said "no further action is necessary" having completed a review into its failed restructuring plan earlier this year.
BP buys Viaro stake in beleaguered Foinaven field
BP has agreed to acquire the stakes of Viaro Energy in the beleaguered Foinaven field in the west of Shetland.
‘Another nail in the coffin’: Siccar Point puts Cambo on pause after Shell pulls out
Siccar Point Energy has said it is "pausing" the Cambo oil project in the West of Shetland after Shell decided to pull out of the controversial development.
Shell North Sea boss addresses Cambo controversy at industry gala
The North Sea boss of Shell has addressed the controversy surrounding the oil giant’s decision to exit the Cambo oil field in the West of Shetland.
Hurricane Energy in ‘positive negotiations’ on Lancaster FPSO extension but debt deadline looms
Hurricane Energy has said it remains in positive discussions to extend the stay of the FPSO on its flagship Lancaster field, but issued a warning over funds as a debt deadline looms.
Victory: Corallian west of Shetland discovery gets £50million valuation boost
The Victory discovery in the west of Shetland has been given a £47million boost to its value after finding more recoverable gas.
Cambo oilfield: Not all barrels are created equal
You do not have to look far to find arguments that the UK is more polarised than it has been for decades.
TotalEnergies seeking £220m for partial stake in Laggan Tormore field: Report
TotalEnergies is seeking to sell part of its stake in the huge Laggan Tormore gas field in the west of Shetland, according to a news article.
Hurricane Energy shares drop 25% as Lancaster field approaches ‘bubble point’
Hurricane Energy (LON: HUR) shares have dropped by 25% after announcing it expects to reach the production “bubble point” at its flagship Lancaster field as early as the first quarter of next year.
Crystal Amber chairman hits out at ‘egregious’ Hurricane Energy proposals
The chairman of activist fund Crystal Amber has claimed its “decisive action” saved $22million which would have been lost from Hurricane Energy.
Hurricane Energy Lancaster field sells 10million barrels of oil
Hurricane Energy has hailed the sale of 10million barrels of oil produced from the Lancaster field in the West of Shetland.
Environmental groups ‘not looking at the data’ on Cambo, says Aberdeen researcher
A researcher at Aberdeen University has said that environmental groups are “not looking at the data” on the Cambo oilfield debate.