Premier Oil seeks another price cut for BP North Sea assets – report
Premier Oil is seeking another price cut for the North Sea assets it is buying from BP, according to a news report.
Chrysaor
North Sea net zero transition will cost £430billion, says OGTC – Wood Mackenzie report
Positioning the UK North Sea for a net zero future will cost more than £430billion, according to a new report from the Oil and Gas Technology Centre (OGTC) and consultancy Wood Mackenzie.
Premier Oil in early talks on deal with Chrysaor
Premier Oil and Chrysaor have held preliminary talks about a potential deal that would bring together two of the largest UK oil and gas producers, according to people with knowledge of the matter.
The effective safety leader Part I: Personality, values and emotional commitment
This has been a year of great challenge, not just in our industry but also across the UK and globally.
Acorn partners aim to drill new subsea well for carbon capture project
Bosses behind a north-east, emissions-busting project said carbon capture represented a “tremendous opportunity” for oil and gas skills to be transferred over to clean-energy.
Chrysaor mulls electrification plans for North Sea platforms
Chrysaor, the UK’s largest offshore oil and gas producer, is mulling plans for electrification of its North Sea platforms.
Cnooc’s Buzzard platform could feed into carbon capture project
Chinese oil firm Cnooc’s Buzzard platform in the UK North Sea may have a role to play in a flagship carbon capture and storage (CCS) project, developers have said.
Hurricane terminates Transocean rig contract
Transocean said in its latest fleet status report that Hurricane Energy had terminated its contract for the Paul B Loyd Jr drilling rig.
Chrysaor boss still wants ‘to be producing 200k barrels a day’ in 20 years’ time
A “more diversified” Chrysaor could still be producing 200,000 barrels of oil a day in 2040, according to the firm’s North Sea boss.
EnergySys dishes out £1k grants to 20 schools
EnergySys Limited, a leading oil and gas cloud-technology provider, is proud to celebrate its 20th anniversary.
‘Marked increase’ in number of North Sea workers going offshore
A “marked increase” has been noted in the number of workers going out to North Sea platforms, according to industry chiefs.
New wave of work for Fife fabricator AJS
Fife fabrication firm AJS Production has returned to work to complete a 30-tonne wave machine which will take to the seas this year.
Chrysaor cuts spending plans by 30% as Covid delays North Sea hub projects
Chrysaor, the North Sea's largest net producer, has cut spending plans by 30% in response to the Covid-19 pandemic, bringing delays to growth projects.
Weak gas prices dent profits at North Sea’s new top dog Chrysaor
Weak gas prices saw profits slip at Chrysaor last year, who recently became the largest net producer in the UK North Sea.
‘Massive move’ to embrace CCUS by North Sea supply chain firms, Neccus boss says
A “massive move” is underway to embrace the carbon capture, usage and storage (CCUS) sector by North Sea supply chain firms, according to the boss of a new industry and government alliance.
Petrofac gets nod for Acorn carbon capture and hydrogen project
A north-east carbon capture and hydrogen production project has reached key milestone with the appointment of a major contractor.
Chrysaor hires lab firm to help find further potential at Armada and Lomond
Chrysaor has hired a lab analyst and basin modelling firm to help scope out further exploration and production potential at its UK North Sea assets.
Torrid times in the North Sea may favour private equity
It is hard to know where to begin when describing the scale of the crisis gripping Big Oil.
‘Poor behaviour’ slammed by OGA as firms demand suppliers cut rates 40% ‘overnight’
The Oil and Gas Authority (OGA) has slammed “poor behaviour” in the North Sea supply chain, with firms facing demands to cut rates as much as 40% “overnight”.
OGUK enlists BP, Shell, Wood bosses to fathom North Sea recovery as ‘hard decisions’ loom
An oil industry representative body has announced the formation of a North Sea recovery taskforce as “hard decisions” start to bear down over thousands of redundancies in the sector.
Burullus cuts Transocean rig off Egypt
Burullus Gas has ended a contract for Transocean’s Deepwater India rig, which had been operating in Egypt.
Apache, Chrysaor target more barrels from Beryl area
Oil and gas firm Apache has taken a step forward in its mission to develop the Gair field in the northern North Sea.
Transocean ‘taking precautions’ as Covid-19 confirmed on rig
Transocean has said it is “taking precautions” after two crew members tested positive for Covid-19 on one of its rigs offshore UK.
Kellas defeats £37m legal challenge on major North Sea pipeline system
An Aberdeen-headquartered company has successfully dismissed a £37m legal challenge around a major North Sea pipeline system.
Solar well yields discovery, Finzean delayed, Westwood Global says
Westwood Global Energy reports that as of 2 April there was one exploration well that was in the process of completing, with no active E&A drilling.