Analysts: Laggan-Tormore, Clair Ridge among potential targets for Viaro
A handful of West of Shetland assets have been highlighted by industry experts as potential acquisition targets for Viaro Energy.
A handful of West of Shetland assets have been highlighted by industry experts as potential acquisition targets for Viaro Energy.
Westminster’s hopes of spurring North Sea spend in the coming years could be derailed by one fundamental issue: a lack of available projects.
Removing and recycling old oil and gas assets will go a long way towards helping the North Sea hit its emissions reduction targets.
Following the approval of Shell’s Jackdaw field, analysts are weighing in on whether the move signals an acceleration on reported government plans to “fast track” key North Sea fields.
Firms won’t be rushing into deals or investment off the back of higher oil and gas prices – the boom may even be stalling such activity in the North Sea, according to top analysts.
The North Sea’s new class of operators could be poised to further strengthen their dominance in the basin with several major assets expected to hit the market.
The decision by Shell not to invest in the Cambo project has been deemed a “huge blow” for the UK industry and the potential for emissions-busting technology in the West of Shetland.
High-impact targets from Equinor and Shell have been named among the “wells to watch” for the UK North Sea in 2021 by Westwood Energy.
North Sea operators still have the “appetite” for high impact exploration over the coming 12-18 months, according to Westwood Global Energy Group, despite low success rates.
One of the largest offshore discoveries in UK waters of the last decade has had its recoverable resources cut by 40% following an appraisal well.