Zennor reaches ‘significant milestones’ for Finlaggan project
Zennor Petroleum has said it has reached two “significant milestones” for the development of its Finlaggan project in the North Sea.
ConocoPhillips
ConocoPhillips, Chrysaor ‘in talks’ over North Sea oil deal
ConocoPhillips is in talks to sell a package of North Sea assets to explorer Chrysaor after earlier discussions with UK billionaire Jim Ratcliffe collapsed, people with knowledge of the matter said.
ConocoPhillips doubles its Q1 profits from last year
ConocoPhillips more than doubled its first-quarter profits from a year ago with more than $1.8 billion in net income.
World Bank arm says Venezuela owes nearly $9bn to ConocoPhillips
Financially struggling Venezuela must pay Houston's ConocoPhillips $8.7 billion for the government's expropriation of the company's investments in Venezuela more than a decade ago, a legal dispute arm of the World Bank ruled Friday.
Equinor finds 12-18m barrels at Visund
Equinor has discovered 12-28 million barrels of recoverable oil with the Telesto exploration well in the Norwegian North Sea.
Transocean rig arrives at Invergordon ahead of ConocoPhillips contract
Transocean’s 712 semi-submersible drilling rig has arrived at Invergordon for refurbishment ahead of a fresh North Sea drilling campaign.
Eni enters race for ConocoPhillips’ UK business, report says
Italian oil firm Eni has reportedly joined forces with Norwegian private-equity fund HitecVision to table a bid for ConocoPhillips' North Sea portfolio.
Union bosses accuse Prosafe of ‘appalling social dumping’
Union bosses have accused offshore accommodation provider Prosafe of perpetrating one of the most “appalling examples of social dumping” ever seen.
North Sea acquisition talks between Ineos, ConocoPhillips break down
Ineos' bid to acquire ConocoPhillips' North Sea portfolio appears to have fallen through.
More than 30 firms share in ‘largest ever’ Norwegian licensing round
The Norwegian Petroleum Directorate (NPD) has announced more than 30 firms have been awarded ownership in its "largest ever" licensing round.
Rocky or steady: How will 2019 play out for oil?
Oil had a tumultuous 2018, with prices rising to a four-year high in October before plunging more than $30 in the following months. Oversupply and demand worries are high on the concern list for the industry, making volatility a buzzword this year as well.
Early 2019 will see flurry of LNG activity
The growth of the Gulf Coast’s liquefied natural gas industry is set to accelerate in 2019 as at least three major projects are expected to get the go-ahead from developers.
BP’s stake in Clair swells as swap deal wrapped up
Energy giant BP has completed a swap deal that takes its stake in the Clair field to 45.1%.
Shell ‘in talks’ to buy Endeavor Energy in cut-price deal
Royal Dutch Shell is in negotiations to buy Endeavor Energy Resources LP for about $8 billion, according to people familiar with the matter, or roughly half as much as the Texas oil producer was expected to fetch when it put itself on the block this year.
Shell, Total among the majors committed to developing Chinese acreage
China signaled its openness for business with a raft of deals that’ll give oil majors including Royal Dutch Shell Plc new opportunities to develop fields in partnership with the nation’s biggest offshore explorer.
Aberdeen school scoops top oil and gas prize
Aberdeen school pupils scooped top prize at an oil and gas challenge held at BP yesterday.
Oil holds drop on doubts over OPEC curbs and US supply threat
Oil held its biggest loss in two weeks as uncertainty over how the OPEC+ coalition will implement its output cuts and the prospect of surging U.S. supplies kept investors wary.
Time to face up to reality on decom liability, academic says
The UK Government will be lumbered with liability for oil fields as operators transform or disappear completely over the coming decades, an industry commentator has said.
Nine convicted in FH Bertling North Sea bribery case
A £16m bribery case involving FH Bertling has resulted in the conviction of nine people.
Conoco deal would make Ineos 5th biggest producer, analyst says
Ineos's planned acquisition of ConocoPhillips's UK North Sea portfolio would make it the fifth biggest producer in the basin, an analyst has said.
Upated: Ineos in talks to buy ConocoPhillips’s North Sea portfolio
Petrochemicals giant Ineos is in talks to acquire ConocoPhillips's UK North Sea portfolio.
ConocoPhillips confirms ‘unsolicited offer’ for North Sea portfolio
US oil giant ConocoPhillips said yesterday that it had received an “unsolicited offer” for its UK North Sea portfolio.
Conoco ‘plans to start North Sea asset sale by year end’
ConocoPhillips plans to invite bids by the end of the year for its remaining North Sea assets, which could be valued at up to $3 billion in a sale, according to people with knowledge of the matter.
WorleyParsons wins two deals with Conoco in UK North Sea
Australian energy service firm WorleyParsons has clinched two contracts to provide services for ConocoPhillips in the UK North Sea.
Well-Safe appoints new chief operating officer
Decommissioning firm Well-Safe Solutions has appointed a chief operating officer from within the company.