‘Undervalued’ Ithaca seen as ripe for takeover
North Sea focused oil and gas firm Ithaca Energy is undervalued and likely to face more takeover bids, industry analysts said yesterday.
floating production unit
Goliat first oil delayed until Q3 2014
Due to the delay in delivery of the its floating production unit, the $6.2billion Goliat development in the Norwegian Barents Sea may not now start up until Q3 2014.
North Sea operations buck wider BP trend
BP's North Sea operations saw a rise in production in the second quarter, bucking a fall across the wider group, the oil major revealed yesterday.
£643m EnQuest project under way
UK North Sea oil and gas company firm EnQuest is moving ahead with the £643million development of the Alma and Galia fields.
Raising Premier’s North Sea game
In April this year, Premier Oil was given clearance by the Department of Energy & Climate Change to develop the West of Shetland Solan oilfield.
Statoil mulls next $multi-billion Barents project
STATOIL is looking to develop the Barents Sea Skrugard discovery by means of a floating production unit equipped with enough capacity to process and transport hydrocarbons from other potential prospects in the area.
Ithaca reveals £1bn plan for Greater Stella area
BRITISH oil explorer Ithaca Energy agreed a plan to develop a key North Sea oil field, in a move which will double its yearly production by 2013.
Maersk crane deal for Enermech
ABERDEEN company EnerMech has landed a multimillion-pound crane maintenance contract from Maersk Oil North Sea UK.
Crane deal for city company
ABERDEEN company EnerMech has landed a multimillion-pound crane maintenance contract from Maersk Oil North Sea UK.
Norway’s PSA issues floater warning to operators
STABILITY and ballasting concerns on the new Gjoa field floating production unit have prompted the Norwegian Petroleum Safety Authority (PSA) to issue a circular to operators of semi-submersible facilities on the Norwegian shelf.
It’s full steam ahead with Huntingdon
Premier Oil has confirmed the five-years-with-options contract for the Sevan Voyageur floating production and storage unit on its UK North Sea Huntingdon oil development.
Lundin preparing to open its wallet for big Norway spend
Lundin is set to tender more than $1billion of new field development contracts in the Norwegian sector of the North Sea over the next two to three years.
Safety and escape – why dismiss the crane option?
Safety is very much in the headlines just now, not least because of the mass grounding of commercial aircraft in Europe because of the currently active Icelandic volcano, and which was, for several days, from the perspective of an aviation turbine, not good news.
So what happened, Alistair Darling
Perhaps I was hoping for too much. Leaving aside the poorly researched piece that was prattled in a Sunday newspaper just days before the UK's 2009 Budget and unjustifiably raised hopes, I had higher expectations of Chancellor Alistair Darling than the measures announced and largely trailed beforehand.
Earnings up at offshore engineering group
OFFSHORE engineering group Aker Solutions said yesterday its gross earnings in the first quarter of 2009 had risen 12% on a year earlier at £115.7million, beating market expectations.
Stena Carron starts multi-well hunt
THE discovery that has done more than any other in recent years to draw attention to the latent potential of West of Shetland is surely Rosebank/Lochnagar, over which there has been much speculation as to size - mostly in the 400-600mmb range, but could be larger, with the prospect of a future separate gas find in the same locale.
JIP out to shrink subsea system
StatoilHydro has teamed up with Chevron and Petrobras to develop a new compact deepwater separation plant for seafloor installation known as Tordis.
Shtokman sets Arctic challenge
A major decision about the surface facilities for the giant Barents Sea Shtokman development will be made this year.