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.
Laggan-Tormore
Kistos confirms move for TotalEnergies West of Shetland assets
Kistos (LON: KIST) has confirmed it is bidding to acquire assets being put on sale by TotalEnergies in the West of Shetland.
TotalEnergies seeking £220m for partial stake in Laggan Tormore field: Report
TotalEnergies is seeking to sell part of its stake in the huge Laggan Tormore gas field in the west of Shetland, according to a news article.
Global E&C brings in Banchory man to spearhead growth push
A Banchory man whose fingerprints are on several major North Sea projects has been hired by Global Engineering and Construction (E&C) to bolster the Granite City firm’s growth plans.
Investment decision delayed on west of Shetland gas project, Ineos says
Total has put off making a final investment decision (FID) on its Glendronach gas discovery until next year, project partner Ineos has said.
Underwhelming appraisal results bring ‘economic challenges’ to Total’s Glendronach plans
Total is facing “economic challenges” for a major discovery in the West of Shetland after an appraisal well yielded results “at the lower end of expectations”.
The Atlantic Frontier: A coming of age story
Welcoming a new year heralds a time for reflecting on the year that was and what is to come.
Total E&P UK swings to profit after ending West of Shetland impairments
Total E&P UK swung to a £525.4million pre-tax profit last year with higher oil prices and an end to impairments in the west of Shetland.
Petrofac pays £5.5m to get out of Aberdeen office lease
Petrofac has paid around £5.5million to get out of a lease for a long-deserted Aberdeen office, Energy Voice understands.
Total’s sale of Laggan-Tormore stake ‘expected this week’, report says
French oil major Total is reportedly close to selling a stake in the Laggan-Tormore project west of Shetland to private equity firms.
Lerwick: Port with proven track record
Lerwick Harbour’s strategic location has been the building block for its huge contribution to the development of east Shetland Basin oil fields over the past 50 years.
Total E&P UK narrows losses as production jumps by a quarter
Total E&P UK enjoyed an increase in turnover last year, buoyed by a 26% boost to production.
Total hoping new Laggan well will crack ‘compartment’ issues
Oil major Total hopes a new well on its Laggan field will help it crack “compartmentalisation” issues on a reservoir which came off plateau about a year after first gas.
Total lines up more exploration west of Shetland after Glendronach success
Total’s UK boss believes the west of Shetland basin has a big future as the oil giant limbers up for more drilling.
Aker employees balloted on strike action over pay dispute at Shetland gas plant
Workers at a major gas plant in Shetland are voting on strike action after becoming embroiled in a dispute over pay, a trade union official has said.
Total UK: ‘In hindsight we could’ve cut Laggan-Tormore capex by 20%’
French supermajor Total could have slashed capital expenditure on its landmark Laggan-Tormore development by 20% with the benefit of modern subsea technology, it has been claimed.
Income soars 56% at Total in first quarter as Laggan-Tormore ramps up
French oil major Total said a strong balance sheet and cost reductions would enable it to launch new projects after its first quarter results revealed an income surge.
UK gas output rises in 2016 as Laggan-Tormore delivers boost, report says
Production start-up on Total’s Laggan-Tormore fields west of Shetland spurred the UK onto a 3.6% increase in natural gas output in 2016, a new report said.
Total, Aker put brave faces on income reductions
French energy giant Total said yesterday that it plans to launch about 10 new projects over the next 18 months and add “attractive resources” to its portfolio.
Total targets 10 new projects as income rises
French energy firm Total claimed to have the “highest profitability among the majors” after posting a 22% jump in net income in 2016.
2016: The year of Total’s Laggan-Tormore
2016 saw Total's Laggan Tormore finally come on stream. It was first for West of Shetland exploration. After years of delays and overspend, the landmark development produced first gas. But celebrations were later tempered by a pay dispute. See Laggan Tormore's year in review and find out everything you need to know about the milestone project below.
France’s Total looks to chop another $2bln from budget
The boss at Total today revealed fresh plans to reduce the French oil giant's spending in the coming years.
Dong Energy overcomes oil and gas woes to post 70% profit rise
First half profits went up at Dong Energy (CPH: DENERG) as the Danish group’s thriving offshore wind business offset a drop in revenues from oil and gas. Dong Energy’s income from oil and gas fell by £20million to £280million, a slump which would have been worse had production not started up from the Laggan-Tormore gas project west of Shetland in February. Group revenues fell 7% to £3.95billion, though pre-tax profits shot up to £990million from £570million.
Exclusive: Petrofac facing legal dispute over Laggan-Tormore bonuses
Petrofac is facing a legal battle over claims it has withheld hundreds of thousands of pounds in bonus payments from workers on its gas plant in Shetland. Contractors on the £800million Laggan-Tormore plant claim the oil and gas services giant has repeatedly fobbed off attempts to pay out bonuses worth up to £250,000. Tavish Scott, the Scottish Liberal Democrats’ Shetland candidate, weighed into the row, labelling the situation “unacceptable” and demanded that Petrofac pay the bonuses.
Petrofac shares surge on record order book
Petrofac shares surged ahead today after the company said its order book stood at record levels of $20.7billion.