Chevron’s buyer for UK fields seek funds from commodity traders

A unit of Delek Group Ltd. is seeking alternative means of financing to complete its $2 billion acquisition of some of Chevron Corp.’s North Sea oil and gas assets after initial funding arrangements hit stumbling blocks, according to people familiar with the matter.

Neptune Energy acquires North Sea assets from Energean

The portfolio will provide Neptune with material growth in contingent resources, an estimated 30 MMboe of 2P reserves and near-term production in core areas of the North Sea close to infrastructure.

Petrofac to support Greater Buchan development

Petrofac has been awarded a contract to support the concept appraisal and selection phase of Jersey Oil and Gas’ (JOG) Greater Buchan Area development in the North Sea.

Shell awards gas export infrastructure contract offshore Aberdeen

The contract scope involves the engineering, procurement, construction, transportation and installation of a 30km gas export pipeline, a gas export riser and associated subsea infrastructure, for tie-ins at the Haewene Brim FPSO.

Neptune Energy taps Valaris jackup for Seagull development

Neptune Energy’s UK managing director, Pete Jones, said: “This is an important milestone for the Seagull project and a further demonstration of how the development is progressing at pace, following the award of the SPS and SURF contract to TechnipFMC in July.”

ConocoPhillips sells UK E&P subsidiaries, pulls out of Louisiana unconventional play

ConocoPhillips has completed its previously announced transaction to sell two ConocoPhillips UK subsidiaries to Chrysaor E&P Limited for $2.675 billion, plus interest and customary adjustments.

Apache awards North Sea brownfield services contract to Global E&C

Operating across the Beryl and Forties fields, Apache’s North Sea business has demonstrated its commitment to the basin with what is understood to be the largest life of field contract award in the history of the oil and gas sector in the UK.

MInteg wins North Sea asset inspection contract

The work scope, valued at a seven-figure sum, includes the inspection of infrastructure on five manned platforms and multiple unmanned satellite platforms, deploying MInteg staff trained in working-at-height and rope access techniques.

Wood to deliver modifications for Equinor’s Martin Linge development

Martin Linge is scheduled to come on stream in 2020 and the gas will flow through a new pipeline connecting to the field via existing infrastructure to St Fergus in Scotland.

First oil

Kurt Abraham, World Oil

Another mixed outlook awaits the E&P sector

BP spearheads offshore data harvesting in the North Sea

BP’s first foray into unmanned over-the-horizon operations, using Sonardyne technology and an unmanned surface vessel (USV), is helping it gather strategic data. It’s also a key step towards a more marine autonomous systems-led future.

FlyLogix, Total launch North Sea drone initiative

The project aims to overcome the challenges associated with drone inspection activities in the North Sea and allow commercial operators of Unmanned Aerial Vehicles easier access to UK controlled airspace for beyond visual line of sight operations.

Industry showcases positive change at SPE Offshore Europe 2019

“We’ve had some great debates about our future, especially about the energy transition and our license to operate. I think the energy and ideas of the conference will carry on into our work in the future," said Michael Borrell, senior VP North Sea and Russia at Total, and chair of SPE Offshore Europe.

Record number of Scottish students experience OPITO’s “Energize Your Future” at OE19

Organizations from across the energy sector gave demonstrations, set interactive challenges and practical experiences to inform and inspire the next generation. The focus was on the energy transition, the use of technology and the variety of new roles and skills that will be required over the next 15 years.

Dolphin Drilling chooses Aberdeen as international headquarters

The move signals Dolphin Drilling’s commitment to the North Sea at a time of increasing optimism for the drilling industry, with the announcement of the Aberdeen headquarters at the existing Howe Moss Drive site marking the beginning of a bright future for the company following significant investment from a U.S.-based private equity firm.

Repsol Sinopec UK awards Petrofac major North Sea contract extension

Petrofac will provide engineering support services as a tier 1 contractor for brownfield modifications and projects across Repsol Sinopec Resources UK’s operated assets and terminal at Flotta.

Serica Energy adopts Restrata for real-time safety monitoring in the North Sea

Serica Energy has signed a deal to adopt the Restrata Platform, a system for real-time monitoring of people and assets around the world. The contract will see Serica Energy roll out the Restrata Platform on its Bruce asset in the UK Northern North Sea.

Equinor sets North Sea depth record with Snefrid Nord online

On September 1st, Equinor and its partners started production from the Snefrid Nord gas field, the first discovery tied back to the Norwegian Sea Aasta Hansteen field. It also sets a new depth record on the Norwegian continental shelf.

TWMA sees North Sea operators shift to onsite drilling waste recycling

TWMA has seen a recent shift in the North Sea to companies choosing to process drilling waste offshore. Applying a TCC RotoMill offshore processing solution allows recovered oil from the drill cuttings to be recycled back into the active mud system, resulting in significant cost savings.

Offshore Europe 2019, Day 2: Making the industry part of the solution

The North Sea industry’s drive towards greater efficiency and lower-carbon operations reflects the sector’s willingness to play its part in meeting the world’s sustainability and climate change goals. But more needs to be done, keynote speakers told the Offshore Europe 2019 opening session on Tuesday.