Reasons for cautious optimism among diving contractors in 2021
Diving contractors have good reason to be cautiously optimistic for the rest of 2021, according to new research from Aberdeen-based energy market intelligence firm Archer Knight.
Chrysaor
IOCs eye $12 billion worth of mergers and acquisition deals in the Asia Pacific region
Upstream merger and acquisitions (M&A) deals are expected to rebound in Asia Pacific this year after plunging to their lowest level this century in 2020, when the pandemic and collapse in oil and gas prices killed activity.
BP sinks to losses of £18bn in 2020 as Covid and crude price crash take toll
BP fell to pre-tax losses of £18 billion in 2020 as the energy giant’s balance sheet creaked under the weight of lower oil and gas prices.
North-east carbon capture group determined to plot a net-zero future
“I’m really not that interested in creating a glossy report. What I want is solid concept engineering; here is a tool that allows industrial sites to look at the options and start this journey to decarbonisation.”
Premier Oil moves Tolmount East timeline
Premier Oil has pushed back the timeline for sanctioning its Tolmount East development in the North Sea.
Premier Oil – Chrysaor name new CFO for merged company
Premier Oil and Chrysaor have announced the appointment of a new chief financial officer (CFO) for the merged North Sea oil company.
Zennor goes ‘carbon neutral’ ahead of first gas from flagship North Sea field
North Sea minnow Zennor Petroleum claims to have become one of the first UK operators to go “carbon neutral” as first gas from its flagship Finlaggan field beckons.
BP relaunches sale of North Sea oil fields – report
BP is relaunching the sale of its interests in a number of North Sea oil fields, according to Reuters, after the collapse of its deal with Premier Oil last year.
Premier Oil proposes trio of new board appointments
London-listed Premier Oil this morning announced the proposed appointment of three additional directors to its board.
Energy companies turn to digital training to optimise E&P activity
An Aberdeen-based technology company is bringing the latest e-learning techniques to the oil and gas industry to ensure teams have the right level of technical skills to optimise exploration and production activity.
NECCUS gets £1.23m to develop emissions reduction roadmap with Shell, Chrysaor involved
A Scottish decarbonisation group has been successful in its bid to secure more than a million pounds to draw up an industrial emissions reduction roadmap.
UK North Sea records fewest exploration wells since 60s
Westwood Global Energy reports that as of December 28 there was one exploration well and one appraisal well active in the UK.
Operators put off decommissioning North Sea wells for more than 50 years
New figures have revealed that some North Sea operators have put off decommissioning oil and gas wells for more than 50 years.
Oil and gas leopards changing their spots to focus on investor returns
More oil and gas firms are “pivoting” their business models towards shareholder returns and away from high risk and reward exploration, an analyst has said.
Total considering Elgin-Franklin life extension
French energy giant Total is weighing up a life extension for its Elgin-Franklin fields, which recently pumped out their billionth barrel from the North Sea.
Chrysaor to adopt name of largest shareholder Harbour once Premier deal completes
North Sea giant Chrysaor will adopt the name of its backer once it completes the reverse takeover of Premier Oil early next year.
Powering up or fizzling out? Weighing up change in the energy sector
As one of the most unusual years in all of our lives draws towards a close, we have been asked to share a few reflections on the effects felt in the energy sector.
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.
North Sea pipeline firm forced into liquidation after court battle with Kellas
A North Sea pipeline firm has been forced into liquidation after losing a court battle with Aberdeen-based Kellas Midstream.
Chrysaor eyeing up more drilling in 2021
Chrysaor is looking to book two more drilling rigs to support its North Sea operations next year, according to the firm’s executive vice president of operations.
Chrysaor merger sees Premier Oil Sea Lion farm-out go into extra time
A planned farm-out of the Premier Oil Sea Lion project in the Falklands has gone into extra time due to the firm's mega-merger with Chrysaor.
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.
HSE scolds Chrysaor after Jade platform lifeboat fails to launch
The Health and Safety Executive (HSE) has criticised Chrysaor after failing to maintain the launching system for its only lifeboat on board the Jade platform.
Scottish start-up Mocean Energy raises £850K to bring wave power to subsea oil and gas
Scottish start-up Mocean Energy has raised £850,000 for a new technology to bring wave power to subsea oil and gas.
Flylogix targeting more North Sea methane monitoring trips in 2021 after reaching milestone
Unmanned aviation firm Flylogix is planning more flights to monitor methane emissions from North Sea platforms early next year after reaching a new milestone.