North Sea equipment sharing scheme could be revived next year
An innovative North Sea equipment sharing scheme devised to save companies time and money on ordering new gear could be revived next year.
Chrysaor
The North Sea: A bright future for those who embrace it
John F Kennedy once said: “Change is the law of life. And those who look only to the past or present are certain to miss the future.”
Dealmakers look ahead to ‘big year’ for M&A in UK North Sea
As some of the North Sea’s private equity-backed players prepare themselves for public listings, 2020 is expected to be a “big year” for gauging the size of investors’ appetites.
‘Ground-breaking’ new CCS charter agreed by Scot Gov and oil sector
A “ground-breaking” agreement on carbon capture, usage and storage (CCUS) has been reached today between a group North Sea oil industry backers and the Scottish Government.
Valaris wins North Sea contract extensions as part of £220m revenue backlog
Drilling contractor Valaris has announced a number of North Sea contract extensions among a clutch of global deals.
Net-zero decommissioning the ‘next big step’, report says
Learning how to decommission oilfields without demolishing the UK oil and gas industry’s net-zero pledge is the “next big step”, a new report said.
Efficiency drive giving companies more decom bang for their buck, report says
Companies are decommissioning more efficiently in the UK continental shelf (UKCS), allowing them to carry out more work for the same amount of investment.
Siccar Point sale attracts bids of up to $2bn – report
Bids to buy North Sea producer Siccar Point Energy have come in at between $1.2bn and nearly $2bn, according to a news report.
More supply chain bankruptcies on the cards if the ‘squeeze’ continues, report says
More oilfield service companies could go to the wall if operators continue to “squeeze” the supply chain financially, PwC and OGUK’s report said.
Energy Institute young professionals dinner attracts more than 200 people
More than 220 people gathered in Aberdeen for an event celebrating and rewarding the energy sector’s best young talent.
EnQuest working on ‘many potential solutions’ for stricken North Sea rig
Oil firm EnQuest has said it is working with suppliers on a range of options for restoring the Thistle platform to production.
Shell gets green light to decommission North Sea Goldeneye platform
Shell has received the green light to decommission its Goldeneye platform in the North Sea.
Chrysaor and co gear up for wells conference
The 2018 Wells Insight Report, published by the Oil and Gas Authority, stressed the large potential available from intervening in the UK Continental Shelf well stock.
Chrysaor approach ‘breath of fresh air’ for offshore rotas, says union boss
Chrysaor’s plan to put new workers on a standard offshore rota is a “breath of fresh air” according to a union boss.
Chrysaor targeting Talbot project sanction next year
Chrysaor has confirmed it is hoping to sanction a new North Sea project next year.
North Sea rota changes ‘top of the list’ for Chrysaor
Changes to offshore rotas are “top of the list” for new workers coming into the business from ConocoPhillips, according to Chrysaor’s chief executive.
Chrysaor completes £2billion purchase of ConocoPhillips’ North Sea assets
Chrysaor has announced the completion of its mammoth £2billion purchase of ConocoPhillips’ North Sea assets.
Zennor pushing forward with new central North Sea gas projects
Zennor Petroleum is “pushing forward” with plans for two more central North Sea projects which would follow on from the firm’s Finlaggan development.
Big North Sea oil and gas firms ink ‘gender equality charter’ at Offshore Europe
An Aberdeen-based business network has launched a "behavioral charter" designed to combat gender inequality within the North Sea oil and gas sector.
Pensions row as ConocoPhillips leaves ‘appalling legacy’ amid North Sea exit
US energy major Conoco Phillips has been accused of leaving an “appalling legacy” as it exits the North Sea after 50 years.
Exclusive: Shell, Chrysaor get behind Acorn carbon capture project
Energy giant Shell is getting “actively” involved in a north-east carbon capture project again – less than five years after its plans for a similar scheme were derailed.
Private equity fuels oil and gas deals in second quarter
Oil and gas transactions have remained steady throughout Q2 2019 with significant activity among operators as the focus continues to be on the divestment of non-core assets.
Size of Spirit Energy may limit potential buyers, says analyst
The size of Spirit Energy's operation will limit any potential buyers to well-funded firms, according to an analyst.
Chrysaor makes ‘material impact’ on UK while other newcomers ‘look to exit’
Chrysaor is the only new private equity-backed firm to make a “material impact” on the UK North Sea, according to new analysis.
Chrysaor buys into Apache’s North Sea exploration acreage
Private-equity back oil firm Chrysaor has snapped up stakes in a number of UK North Sea licences containing exploration prospects from US business Apache.