Valaris lands UK contracts with Shell, Harbour, TotalEnergies and Ithaca
Valaris has revealed a number of contracts in UK waters in its latest fleet status report as it boasts a $3.9 billion backlog.
Ithaca
Bilfinger staff on Ithaca platforms may strike following rota issues
Billfinger staff that are stationed on Ithaca Energy assets are in contact with unions over potential strike action as they look to change how they are paid.
West of Shetland oilfields due for $500m value bump from electrification
BP (LON: BP), Ithaca Energy (LON: ITH) and Equinor (OSLO: EQNR) will see the valuations of their West of Shetland oilfields increase by half a billion dollars after electrification, according to analysis.
300 workers vote for strikes across dozens of North Sea platforms
More than 300 offshore workers have voted for strikes across 20 North Sea installations, Unite the Union has announced, causing "major problems" for production.
Ithaca making progress on Abigail project ahead of first oil
Ithaca Energy has given an update on progress for its Abigail project in the North Sea ahead of hitting first oil later this year
Worley deal with Ithaca on Captain EOR creates work for more than 60 onshore
Worley says a contract it won on Ithaca Energy's Captain EOR project in the central North Sea would create work for more than 60 onshore employees.
Covid on Premier Oil Balmoral platform puts fourteen workers into quarantine
More than a dozen workers are in quarantine after a crew member on the Premier Oil Balmoral platform tested positive for Covid-19.
Covid cases linked to Ithaca North Sea platform outbreak rise to 17
More cases of Covid-19 have been discovered following an outbreak on an Ithaca Energy North Sea platform.
Vorlich first oil hailed as sign of North Sea’s enduring attractiveness
First oil from a North Sea field has been hailed as an encouraging sign that the basin remains attractive.
‘The valuations for E&P companies on the stock market are not very attractive’ – could we see more North Sea reverse takeovers?
The reverse takeover model could become more of a permanent fixture in the North Sea in the coming years as more private-equity (PE) backed operators look to go public.
Greenpeace fails legal move against decision on BP North Sea oil field
Greenpeace has failed in its legal move against government approval of a BP oil field in the North Sea.
Drilling firm Archer posts first-half profit despite Covid hit
Drilling services firm Archer made pre-tax profits of £2.3 million in the first half of 2020 despite being hit hard by the Covid-19 pandemic and low oil price.
Archer cutting 12-15% of global workforce and pays millions for UK redundancies
Drilling contractor Archer is to cut between 12-15% of its global workforce of 5,000 as a result of the oil price crash and Covid-19 pandemic.
US oil major is north-east decom centre’s maiden anchor partner
A US oil major that sold most of its UK offshore business last year has become an Aberdeenshire-based research centre’s first industrial “anchor partner”.
Trac Oil delivering ‘sustainable’ profits after ‘challenging’ period
Trac Oil and Gas’ boss has hailed the return to “sustainable” profit levels for the rope access inspection, repair and maintenance firm after several “challenging” years.
The North Sea: A bright future for those who embrace it
John F Kennedy once said: “Change is the law of life. And those who look only to the past or present are certain to miss the future.”
Delek CEO to retire at year end
An Israeli oil and gas firm which owns North Sea producer Ithaca Energy has announced that its chief executive will retire at the end of the year.
Efficiency drive giving companies more decom bang for their buck, report says
Companies are decommissioning more efficiently in the UK continental shelf (UKCS), allowing them to carry out more work for the same amount of investment.
Updated: Delek’s Ithaca completes Chevron North Sea deal
Israeli firm Delek Group's Aberdeen-based subsidiary, Ithaca Energy, has completed the acquisition of Chevron’s UK North Sea business.
Delek seeking funds from commodity traders to complete Chevron North Sea acquisition
A unit of Delek Group Ltd. is seeking alternative means of financing to complete its $2 billion acquisition of some of Chevron Corp.’s North Sea oil and gas assets after initial funding arrangements hit stumbling blocks, according to people familiar with the matter.
Subsea 7 gets the nod from Shell for Pierce job
Energy service firm Subsea 7 has won a contract worth tens of millions of pounds for Shell’s Pierce depressurisation project in the UK North Sea.
Total to drill Isabella exploration well this month
An exploration well is due to be drilled at the Total-operated Isabella well later this month.
Updated: Petrofac ‘well positioned’ for 2019 amid first-half profit
Energy services firm Petrofac said it was “well positioned” for the remainder of 2019, but warned of a drop in revenues ahead.
New tool to add ‘millions’ of barrels to North Sea production
A new tool has been launched which will help companies produce millions of extra barrels of oil through their North Sea operations.
Costain’s Aberdeen team busy with North Sea studies, but group profits plunge
Demand for studies from North Sea operators was not enough to stop profits plunging at UK infrastructure firm Costain in the first half.