Triangle Energy eyes West of Shetland deal with Shell
The head of Australia-listed minnow Triangle Energy (ASX: TEG) has set out his hopes to do a West of Shetland asset deal with Shell (LON: SHEL).
West of Shetland
Shell’s Victory move highlights ‘clear tax incentive’ from EPL investment allowance
Tax incentives associated with the Energy Profits Levy may have encouraged Shell to move its Victory plans forward.
Lerwick Port chief hails Rosebank hub investment as ‘huge boost’ for Shetland
Jobs will be created at Lerwick Harbour which will host the main marine support hub for the oil and gas field.
Wood Mac: New UK licences need major discovery to ‘whet Shell’s appetite’
Shell (LON: SHEL) will need as much as one trillion cubic feet of gas from exploration licences in the West of Shetland to "truly whet its appetite", according to analysis by Wood Mackenzie.
Viaro Energy eyes £500m spend in West of Shetland and Southern North Sea
Viaro Energy has outlined £500m spending plans in the UK sector, including new developments in the West of Shetland and Southern North Sea.
Rosebank approval was ‘litmus test’ for UK offshore sector
With Teal West and Victory expected to follow, Rosebank could be part of a 'bumper year' for UK FIDs in 2023.
Rosebank is ‘ray of light’ for Ithaca Energy
Approval of the Rosebank oilfield is a “ray of light” for projecy partner Ithaca Energy, an analyst has said, after the firm was forced to take write downs of £58m linked to the windfall tax.
Campaigners vow legal action over Rosebank approval – how likely is it to succeed?
There are three primary grounds for any potential challenge to Rosebank.
The Fateful Eight: Can the North Sea reach its 2030 electrification target?
Expectations for North Sea platform electrification are high - but with the clock ticking, questions persist over the cost and feasibility of plugging in aging assets.
Shell completes exit of Cambo oilfield as Ithaca Energy buys out stake
Ithaca Energy (LON: ITH) will buy out Shell’s (LON: SHEL) stake in the Cambo oilfield, becoming the 100% owner of the West of Shetland project.
West of Shetland operators look to source electrification from shore
The West of Shetland Electrification Project programme manager, Daniel Sprich, discussed plans to source power for three major developments from onshore at an NSTA seminar.
Shell eyes 2025 start up for Victory gas field west of Shetland
Environmental regulator OPRED has opened up a public consultation on the new project which sits 29 miles off Shetland.
Disappointment for BP at Ben Lawers in West of Shetland
No discovery at the well, which had pre-drill estimates of 70 million barrels.
Jeremy Cresswell: It’s five minutes to midnight for energy sector
Five and a half years ago, production started from phase two of BP’s Clair field West of Shetland and thoughts at the company started turning towards phase three, Clair South.
New Faroese Government keeping door open on future exploration
Given that energy policy now goes hand in hand with ideology - in certain places anyway – a change of government can often mean a radical change of tack, particularly on oil and gas.
Exclusive: BP eyes third phase of Clair oil giant
BP (LON: BP) is looking to the next phase of its giant Clair oilfield in the west of Shetland, with a key final investment decision (FID) hoped to be reached next year.
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.
Foinaven divestment to BP a win-win for both sides, says Viaro boss
Viaro Energy has explained its decision to offload its interest in a West of Shetland field, thought to still hold vast oil reserves.
Viaro at ‘very advanced stage’ of deal for ‘large’ North Sea production assets
Viaro Energy’s buying spree shows no sign of letting up, with the company in the final phases of a deal for more North Sea fields.
Odfjell Drilling eyes ‘exciting tenders’ in West of Shetland
And would they bring a rig to Aberdeen? “Yeah,” says CEO Kjetil Gjersdal.
Only six big-spend projects for UK North Sea in coming years
There are only six big-spend projects expected for the UK North Sea and West of Shetland in the coming years, meaning limited opportunity for big players to benefit from windfall tax offsets.
Cambo: A year since Shell decided not to invest
Its more than a year since Shell (LON: SHEL) said it wouldn't invest in the Cambo oilfield, but as the project approaches a green light, the firm is weighing whether to stick or sell up its stake.
Recap: Hurricane Energy prepares for latest showdown with largest shareholder
Meanwhile, Hurricane said it has had "multiple proposals from credible counterparties" on its process to sell the company.
Labour turns up the heat on Rosebank oilfield
Labour has urged the new UK business secretary to shut down the Rosebank oilfield before it begins production.
Shell eyes Clair South and West of Shetland potential with BP
The UK Upstream boss at Shell talks West of Shetland potential, investment and finding the right portfolio fit.