China eyes African opportunities
Amidst the oil price crash crisis and the pressure on companies, opportunities are emerging for those with resources.
CNOOC
CNOOC opts out of Uganda pre-emption
CNOOC Uganda will not pre-empt the sale of Tullow Oil’s stake in Lake Albert to Total.
Asian NOCs eye once-in-a lifetime overseas M&A opportunities
Cashed-up Asian NOCs are actively screening international assets and companies for once-in-a lifetime acquisition opportunities amidst the global downturn.
No alarm over future for North Sea, oil boss says
Neptune Energy’s UK boss said on Tuesday that talk of the North Sea oil and gas industry being wiped out by a collapse in crude prices is premature.
Apache ‘reducing activities’ on North Sea assets to prevent coronavirus spread
Apache is the latest in a growing list operators to confirm it is taking measures to prevent the spread of the coronavirus in the North Sea.
Flights resumed to Total’s Culzean field after suspected coronavirus patient taken to shore
Flights have been resumed to one of the UK’s largest gas fields after a worker suspected to have coronavirus was taken to shore.
North Sea firms reduce offshore crews in bid to prevent coronavirus spread
Several North Sea operators are reducing offshore crews on their UK platforms in a bid to prevent the spread of the coronavirus outbreak.
Oil price war may trap private-equity firms in North Sea
The last time crude prices crashed in 2014, the North Sea looked like a treasure trove for private equity looking to buy cheap assets, build them up and sell for a profit. Now, just as these firms are seeking an exit, the oil-price war might leave them trapped
Asco wins £100million North Sea extension with CNOOC
Aberdeen-headquartered energy services firm Asco has been awarded a North Sea deal worth more than £100million with operator CNOOC.
International SOS reports acquisitions in good health
Aberdeen occupational health firm International SOS has seen its fair share of M&A activity over the years.
Woodmac: Coronavirus and the impact on gas and LNG
As with all commodities, the impact of the novel coronavirus (2019-nCoV) on Chinese gas demand will depend on both the severity and length of time required to contain the outbreak.
China LNG force majeure rejected as virus chaos sparks dispute
Two of Europe’s biggest energy companies rejected a Chinese force majeure on liquefied natural gas contracts in the latest twist to a drama that’s gripping global commodities markets.
Visit will inspire youngsters into the final frontier
A former astronaut and engineer from Nasa is coming to Aberdeen in March.
ExxonMobil increases Guyana estimates by two billion barrels, makes another discovery
ExxonMobil has increased its estimated recoverable resources in Guyana by two billion barrels after a hot streak of discoveries at the prolific Stabroek block.
Blackstone gets final bids for North Sea oil producer
Siccar Point Energy Ltd., the North Sea oil producer backed by Blackstone Group Inc., has received final bids from suitors including Chrysaor Holdings Ltd. and Equinor ASA, people with knowledge of the matter said.
ExxonMobil labelled ‘explorer of the year’ as global discoveries reach four-year high
Exxon Mobil led the way with new finds off the coasts of Guyana and Cyprus as global oil and gas discoveries in 2019 hit a four-year high, according to a new report.
Government report reveals CNOOC as North Sea’s largest taxpayer, Shell sits lowest
A government report has revealed CNOOC was the biggest tax spender in the North Sea last year while energy giant Shell paid the least on balance after a reimbursement.
Subsea 7 wins ‘sizable’ contract with Cnooc in South China Sea
Subsea 7 has announced it has secured a "sizable" contract with Cnooc International in the South China Sea.
Tension as North Sea firms grapple with IR35 rules
Tensions over new tax changes to offshore contractors arose yesterday as Cnooc International became one of the first North Sea firms to roll out its new off-payroll working rules.
Maersk Drilling rig lands extension on North Sea field
Chinese firm Cnooc has taken up an option for a Maersk rig to drill an additional infill well on its huge Buzzard field in the UK North Sea.
CNOOC signs up to Gabon work
China’s CNOOC Ltd has signed up to explore two blocks in Gabon, the 11th contract signed since the country brought in its new hydrocarbon code.
Energy consultancy fortifies Aberdeen well management team
An Aberdeen-based energy consultancy has strengthened its well management team following a number of major contract wins for the firm.
Senegal launches licence round
Senegal has launched its licence round the Africa Oil Week conference in South Africa, although it faces criticism from one company for offering a disputed block.
Industry body says ‘much more to be done’ to prevent oil and gas leaks
An industry body will warn there is “much more to be done” to prevent major leaks in the North Sea at an Aberdeen conference later.
Production resumed at Buzzard field after second shutdown in a month
The UK’s largest-producing oil field has once again been restarted after it was shut down for the second time in a month.