Neptune results: Seagull due for start-up next month, Isabella results imminent
Neptune Energy has published its first set of financial results since news broke that Eni (NYSE: E) plans to acquire the North Sea operator.
Neptune Energy has published its first set of financial results since news broke that Eni (NYSE: E) plans to acquire the North Sea operator.
Skerryvore is slated for 2024, the Devil’s Hole is on the way, the Bens disappoint, but there’s been some high-impact success too.
As of 27 January, Westwood Global Energy reports that there are three exploration wells active, with one in the NNS, one in the CNS and one in the SNS. Since the previous report, one well has completed at North Eigg and one appraisal well completed at Isabella.
Ithaca Energy has announced the presence of hydrocarbons at its much-anticipated Isabella well, though operator TotalEnergies has yet to confirm commercial implications.
Plays by Shell (LON: SHEL), TotalEnergies (LON: TTE) and Ithaca Energy (LON: ITH) are listed amongst Wood Mackenzie’s UK North Sea wells to watch.
As of 27 October, Westwood Global Energy reports that there are three exploration wells active, with one in the CNS and two in the NNS. One appraisal well is currently active in the CNS. One well completed at Serenity.
TotalEnergies (PARIS: TTE) has kicked off hotly-anticipated appraisal drilling at the Isabella discovery in the UK North Sea.
A rough timeframe has been given for North Sea operator Ithaca Energy’s planned IPO in London.
Yesterday Neptune Energy shared its 2022 H1 results, announcing drilling had commenced on the tenth well on the Cygnus field and reporting pre-tax profits of £1.18 billion.
Neptune Energy made £627.84 million profit after tax, according to the company's results from the first half of the year.
Neptune has completed the fourth and final development well at its operated Fenja field in the Norwegian Sea, in preparation for production start-up next year.
As the North Sea’s limited exploration well roster delivers a series of disappointing results, are there any promising plays left in E&P hoppers?
North Sea operator Neptune Energy almost quadrupled its quarterly takings year-on-year, driven by a resurgence in oil and gas.
Neptune Energy has confirmed plans to commit $100 million (£76m) to the Isabella appraisal well later this year, as the UK’s new Energy Security Strategy sets the course for continued North Sea production.
Neptune Energy holds course to spud the high-impact Isabella appraisal well in the UK North Sea second half of 2022.
Neptune Energy reported pre-tax profits of $1.4 billion (£1.1bn) for 2021, but noted ongoing issues with key assets in Norway and Algeria.
Ithaca Energy has released its first half results, showing a return to profits and setting a timeline for the Abigail project in the North Sea.
Ithaca Energy sank to losses of £400million in 2020 but the firm is eyeing extra barrels from a pair of North Sea prospects.
A boss at Neptune Energy has suggested the firm is prepared to flex its muscles in an increasingly hot UK North Sea mergers and acquisitions (M&A) market.
Bosses at Neptune Energy believe the private-equity backed firm can reach a key production milestone in the coming years while reining in spending.
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.
Neptune Energy fell to a loss in the third-quarter as its figures came under pressure from lower oil and gas prices and “operational issues” in Norway and Algeria.
Neptune Energy said positive drilling results and further appraisal work on the Isabella discovery would lead to a “marginal” rise in exploration spend this year.
Energean’s boss said on Monday he would listen to good offers for its soon-to-be-acquired stake in the UK’s biggest offshore gas discovery in a decade.
Energy giant Total has reached the one billion-barrel milestone at its Elgin-Franklin complex, surpassing original estimates from when it started up nearly 20 years ago.