Repsol Sinopec to cut North Sea contractor roles
Oil firm Repsol Sinopec Resources UK (RSRUK) has confirmed that it will reduce the number of contractors employed on its North Sea platforms.
oil
Updated: North Sea project drives Dana onto £1bn revenues in 2018
Production from the Western Isles project in the North Sea delivered a huge boost to Dana Petroleum's profits and revenues last year.
Supply vessel collides with Norwegian rig
A supply vessel crashed into the Statfjord A platform off Norway while carrying out loading operations this morning.
Lancaster first oil ‘great news’, but next 12 months critical, analysts say
First oil from the Lancaster field is “great news” for Hurricane Energy, but the next 12 months are critical for the project, analysts said.
Shell to pump billions into ‘very high quality’ North Sea business
Shell's boss said yesterday that the energy major will invest "billions of dollars" in the UK North Sea in the coming years.
Oil boss says industry must ‘avoid annihilation’ as climate change debate heats up
The oil and gas sector needs to “avoid annihilation” in the climate change debate and stop apologising for its products, an industry veteran said yesterday.
Supply chain needs ‘much higher margins’, OGA chief says
A UK oil industry chief said yesterday that margins needed to be “much higher” for oilfield service companies if they are to carry on operating at current levels.
Newcomer Seapulse more than happy to play risk game
Recognising that exploration is an inherently risky business is the name of the game for newcomer Seapulse, which is working out new ways to play it.
Equinor pushes back Rosebank FID
Norwegian energy major Equinor has pushed back the sanction date for a major UK North Sea project.
North Sea’s leadership is listening … and we need change
There is no doubting the need for the North Sea oil and gas industry to have a long-term vision. And to be fair to the sector, there have been various attempts at looking ahead.
Faith pays off for drilling contractor Stena
Only two out of seven Stena Drilling rigs had work on their plates at the start of last year.
$1bn to be saved by collaborating, Maersk Drilling boss says
A top boss at Maersk Drilling estimates the North Sea industry could save around $1 billion a year if it makes further in-roads on collaboration.
Talon Petroleum to take firmer grip in North Sea
Talon Petroleum is an intriguing company.
Scottish oil worker freed a month after Nigerian abduction
A Scottish oil worker kidnapped by gunmen in the oil-rich Niger Delta region has been freed.
Exploration: do not write the North Sea off
New North Sea discoveries have acted as a “beacon” for the rest of the industry, according to the Oil and Gas Authority’s (OGA) head of exploration.
Two sides to North Sea exploration coin, analyst says
The UK North Sea’s maturity is a double-edged sword when it comes to exploration, an analyst has said.
Bristow feels BP ‘trust’ with new North Sea deal
Bristow Group has announced a new, five-year contract with BP to support its North Sea operations.
US says no change in plans to halt Iranian oil waivers
The U.S. State Department sought to quash speculation that the Trump administration is easing its clampdown on Iranian oil exports after a sanctions waiver program ended May 2, saying there was no softening in the American stance that any country buying Iran’s oil would be subject to penalties.
Oil heads for biggest monthly slump this year on trade-war fears
Oil headed for its biggest monthly slump this year as fears that the U.S.-China trade war will hurt demand overshadowed concern over rising political tensions in the Persian Gulf.
Big Oil won’t be buying up Permian strugglers
Big Oil probably won’t be buying up the Permian Basin’s struggling independent drillers any time soon.
i3 Energy of cusp of ‘game changing’ North Sea drilling campaign
North Sea explorer i3 Energy is on the cusp of what it hopes will be a “game changing” drilling campaign.
Ithaca to inject small company ethos into Chevron North Sea, CEO says
Ithaca Energy’s boss said he was looking forward to “injecting the small company ethos” into Chevron’s North Sea operations.
Houston’s Helix buys control of Aberdeen subsea tech firm
Houston-headquartered Helix Energy Solutions Group has bought a majority stake in an Aberdeen-based subsea technology and well intervention firm.
Updated: Complete UK exit ‘increasingly likely’ for Chevron, Woodmac says
A full exit from the UK is “increasingly likely” for US major Chevron following the sale of its central North Sea portfolio to Ithaca Energy, an analyst said yesterday.
Shell plans South Africa oil expansion with second deal
Royal Dutch Shell Plc is planning to acquire an oil-block stake in a second deal in South Africa’s relatively unexplored waters, months after a major discovery by Total SA boosted the country’s hydrocarbon prospects.