Oil and gas company Neptune Energy said Tuesday it would spend more than $1 billion over the next five years 'securing energy supplies for the UK and speeding the transition to net zero.'The amount planned for investment includes capex and pre-development…
Pre-front end engineering and design studies (Pre-FEED) have started for the development of the Ithaca and Hibiscus owned Marigold field via the Repsol Sinopec-operated Piper Bravo platform in the UK North Sea. Repsol Sinopec made the announcement…
Norwegian oil and gas company Equinor has agreed to sell its non-operated share in the Greater Ekofisk Area and a minority share in the Martin Linge offshore field, both offshore Norway, to Sval Energi for $1 billion in cash, plus contingent payments linked to oil and gas prices in 2022 and 2023…
ConocoPhillips submitted on Monday a plan to develop an oil discovery in the Norwegian North Sea for 10.5 billion Norwegian crowns ($1.10 billion), the U.S. petroleum company said.Known as Eldfisk North, the development is part of the wider Ekofisk area…
Norwegian oil companies Equinor and Aker BP have agreed for the Krafla offshore field operator to be transferred from Equinor to Aker BP. With this transaction Aker BP will be the operator of all discoveries in the NOAKA area - Krafla, Fulla…
Offshore drilling company Awilco Drilling has agreed to sell its WilPhoenix semi-submersible drilling rig to the UK-based P&A specialist Well-Safe Solutions Ltd. Well-Safe will pay $15.5 million for the semi-sub built in 1982 and upgraded in 2011…
Marine seismic company PXGEO said Tuesday it was activating a second Ocean Bottom Node crew for a seismic acquisition project in the North Sea.'CGG has awarded this work to PXGEO as part of a hybrid streamer and ocean bottom node project, with a duration of approximately three months…
Business minister Kwasi Kwarteng has written to the North Sea oil and gas industry asking it to set out a clear plan to reinvest its profits into British energy projects, his department said on Saturday.Energy prices have hit record highs this…
TotalEnergies could up to double its share buybacks this quarter, it said on Thursday, after soaring oil and gas prices as a result of Russia's invasion of Ukraine drove a sharp rise in quarterly earnings.The French oil and gas major, which is bolstering its renewables and electricity portfolios…
Work on the Baltic Pipe project in the North Sea has been completed, and the pipeline is ready to ship Norwegian gas to Denmark, info on the project's website shows.Baltic Pipe is a strategic EU infrastructure project led by Danish and Polish…
Oil and gas company ONE-Dyas has exercised an option to continue using the Maersk Resolute, a harsh environment jack-up drilling rig, in the Dutch sector of the North Sea. The one-well contract extension for the Maersk Drilling-owned rig is set to begin in May 2022 and will last for 75 days…
German climate activists turned off crude oil pipelines at five locations on Wednesday, demanding the country look for other ways to reduce its dependence on Russian gas than starting new fossil fuel-based infrastructure projects such as deep-sea drilling…
Offshore energy services company Seajacks UK, a subsidiary of Eneti, has secured new contracts in the UK North Sea.Eneti said Tuesday that Seajacks had signed a new contract with a UK-based utility for one of its NG2500X-class vessels to support…
Shell has decided to withdraw from the North Sea licenses containing the Resolution and Endeavour gas discoveries, Egdon, its partner in the licenses, said Tuesday.'Egdon Resources advises that Shell U.K. Limited has informed Egdon and the North…
Harbour Energy has started production at the Tolmount gas field in the British North Sea, a source close to the company said on Monday.Harbour operates and holds a 50% stake in the field along with Dana Petroleum.The field, whose start-up was initially planned for the first quarter of the year…
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