Westwood Global Energy reports that as of 16 December there was one appraisal well and three exploration wells active in the UK. Completions to date in 2021 are two appraisal wells at 22/26d-3 Glengorm South and 30/13e-12, 12Z Talbot and three exploration wells at 22/6c-B4Z Bacchus South, 16/2a-6 Tiger Lily and 22/1b-12, 12Z, 12Y Fotla.
Aker BP has agreed to book up two Maersk Drilling oil rigs for five years in a deal worth an estimated $1billion.
The transition away from oil and gas “must not throw thousands of north-east jobs under the bus”, a Scottish Parliament debate has heard.
A former Petrofac executive has been ordered to pay £140,000 over bribery offences in the Middle East.
Equinor is reportedly seeking a $1billion sale of a stake in the Martin Linge oil field in the North Sea.
MSPs will discuss the future of the oil and gas industry tomorrow during a debate in the Scottish Parliament.
Without any doubt, 2021 has been a better year than 2020 in the energy sector. It’s been a more progressive year and there are positive signs that the energy transition is gaining momentum.
A unique aspect of how the oil and gas industry operates is the concept of the mutual hold harmless indemnity – this is a legal tool for risk allocation by which each party to a contract agrees to take the risk of injury to its own personnel or damage to its property even if caused by the other party.
British Gas owner Centrica has said it will continue its strategy to exit the UK North Sea after announcing a deal to sell Spirit Energy Norway for £800million.
The Faroe Islands plan on staying open for offshore oil and gas exploration and for sharing in the spoils of any UK Atlantic Frontier development where reserves might straddle the Faroe-UK maritime boundary.
A union boss has criticised the co-leader of the Scottish Green party for recent comments he made about the oil and gas sector.
The oil and gas industry's top talent will be recognised for their talent, innovation and accomplishment this week.
A senior figure at Lloyds Banking set out the challengers for financiers of backing oil and gas during an industry event in Aberdeen on Thursday.
BP has agreed to buy the stakes of JX Nippon in the ageing Andrew Area in the North Sea, confirming its intent to see the asset through decommissioning.
A trio of energy analytics heavyweights, who have overseen more than $30billion (£22.5bn) of oil and gas deals, have teamed up to form a new research and consulting firm in Aberdeen.
The chief executive of CessCon Decom has warned that a potential “bottleneck” could emerge for onshore dismantling over the coming years as North Sea decommissioning ramps up.
Oil & gas and mining companies raised £1.1 billion in new equity in the openings months of 2021, new research has found.
It is feared that Nicola Sturgeon’s recent comments on North Sea oil and gas may harm a key Aberdeenshire decarbonisation project.
Halliburton, one of world’s largest oil services companies, said a unit of the firm has been hired to help seal a well head in southern Nigeria that’s been spewing its contents for several weeks.
Offshore procurement specialist Craig International, of Aberdeen, is to deliver two new contracts worth a total of more than £5 million through its fledgling Ecobuy service.
The UK shelled out more than £18 billion on oil and gas imports in the first few months of the year, according to the government’s latest trading figures.
The UK Government has refused to back Nicola Sturgeon’s opposition to the new Cambo oil field off Shetland – and warned jobs are at risk from “turning off the taps”.
Subsea 7 was back in profits with a surge in revenues in the third quarter amid “significantly higher activity”.
Nicola Sturgeon faces claims she has “abandoned” the North Sea oil and gas industry after confirming her opposition to the controversial Cambo scheme.
TechnipFMC (NYSE: FTI) (PARIS: FTI) has bagged a major contract with ExxonMobil (NYSE: XOM) for work in the Stabroek block, offshore Guyana.