Valaris has extended a contract with TotalEnergies, in the UK North Sea, for the Valaris Stavanger. It has also given some more time to Harbour Energy, while scrapping three ageing rigs in the US.
There are several hubs around the North Sea which will still be producing in a decade’s time – but 12 of these will be “key” thanks to their production upsides and emissions intensity, according to new research.
“More energy and less emissions” is how TotalEnergies’ North Sea boss summarises the company’s strategy for the coming years. And that, broadly speaking, is reflected across the plans of others too.
JX Nippon Exploration and Production Ltd. is preparing the sale of its oil and gas fields in the UK North Sea, according to people with knowledge of the matter.
The Glengorm gas discovery, hailed as the biggest in the UK North Sea for more than a decade, could still turn out to be a major find despite suffering a setback, an analyst has said.
Global marine and engineering consultancy LOC Group is looking to boost its north-east headcount in an effort to meet demand and secure new opportunities.
French energy giant Total this morning announced first-half net losses of £6.5 billion, but provided some cheer by maintaining its dividend and celebrating a major discovery off Suriname.
Lower oil prices offset an otherwise good performance for BP in the first half of the year, while major projects such as Culzean in the North Sea came online.