Cairn Energy and Shell targeting combined 60m barrels from two UK North sea prospects
Cairn Energy and Shell are targeting a combined 60 million barrels of oil from two of their UK North Sea prospects.
UK North Sea
Total hands out UKCS engineering framework deals to trio of consultants
A trio of consultancies said yesterday they had clinched contracts to provide engineering services on oil and gas giant Total’s UK continental shelf (UKCS) assets.
‘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.
Fugro begins work on £55m contract for Scottish Power Renewables
Fugro has begun the geophysical survey phase for a major offshore wind project as part of a £55 million site investigation contract.
Pandemic drives oil reserves up for sale to 12.5billion barrels – Rystad
The Covid-19 pandemic has increased the number of oil and gas assets being put up for sale globally past 12.5billion barrels in reserves, according to new analysis.
Neo in revised deal for Total UK North Sea package as Petrogas exits
Omani firm Petrogas has withdrawn from a deal to buy a package of UK North Sea assets from Total, clearing the way for partner Neo Energy to complete the transaction.
i3 Energy to buy ‘struggling’ Canadian firm and list on Toronto Stock Exchange
i3 Energy plans to buy out a “struggling” Canadian oil and gas firm and list on the Toronto Stock Exchange (TSX).
‘Upswing’ for offshore mental health but morale better on two-week rotas – oil chaplain
The North Sea's oil chaplain detects an “upswing” on mental health awareness offshore, but morale tends to be improved on installations with two-week rotas.
New era for Rovop as former Proserv boss David Lamont takes the helm
There is a new boss at the helm of Scottish subsea robotics company Rovop today following a sudden change at the top.
Plan for ‘ground-breaking’ joint licensing round between UK and Faroes
Plans are in place for a joint licensing round to be launched between the Faroe Islands and the UK North Sea.
WorleyParsons wins two deals with Conoco in UK North Sea
Australian energy service firm WorleyParsons has clinched two contracts to provide services for ConocoPhillips in the UK North Sea.
11 billion North Sea barrels left at “lower for longer” prices, new research says
A new Aberdeen University study suggests the UK North Sea can deliver nearly 11billion more barrels of oil equivalent (boe) at “lower for longer” prices.
KPMG oil and gas chief predicts more infrastructure deals in 2017
There is currently a “massive appetite” for UK North Sea infrastructure among potential investors, an oil and gas expert said yesterday.
Prodrill MD says North Sea industry needs to retain skills
The boss of an Aberdeen firm specialising in the supply of manpower to oil and gas firms said yesterday “competency and skills” were key to securing the long-term future of the UK offshore industry.
Xcite Energy shares sink after company warns of bond dilemma
Xcite Energy shares dived yesterday after the company said bondholders would pursue enforcement action over their loans unless a restructuring of the financial terms hands them near-100% ownership.
UK oil and gas job losses reach 120,000
An estimated 120,000 jobs will have been lost by the end of this year as a result of the collapse in fortunes of the UK offshore oil and gas industry.
Updated: Accommodation vessel adrift in North Sea
A floating accommodation vessel is adrift in the North Sea after breaking its towline in bad weather.
#OG2050 survey referred to in Commons as MPs turn up heat
North-east MPs teamed up in the House of Commons to turn up the heat on the UK Government to do more to support the North Sea oil and gas sector. The SNP's Callum McCaig, Aberdeen South, referred to Energy Voice's recent industry survey when addressing the Speaker of the House.
Taqa confirms UK job cuts despite big rise in global profits
A North Sea oil firm is making job cuts in a “consolidation” of the business, despite the Middle Eastern parent more than doubling first quarter profits.