North Sea producer Siccar Point receives multiple buyout offers

Siccar Point Energy Ltd., the North Sea oil producer backed by Blackstone Group Inc., has received final bids from suitors including Chrysaor Holdings Ltd. and Equinor ASA, people with knowledge of the matter said.

Petrofac to establish Petrogas NEO UK’s new North Sea operations

Petrofac has been selected by Petrogas NEO UK – a jointly owned company created by Petrogas E&P UK, and NEO Energy – to establish its new North Sea operation following its recently announced asset acquisition.

Reshaped OGUK announced as industry gears up to deliver net zero blueprint

The leading representative body for the UK offshore oil and gas industry has kicked off the new year with plans to champion the sector as part of a diverse energy mix.

AIS Training and Survivex land Well-Safe Solutions training management contract

The three-year contract will see AIS Training and Survivex deliver hundreds of industry-accredited technical and safety critical courses, as well as providing online training management software and competency management software.

BP reshapes its UK North Sea portfolio with $625 million asset sale

BP has agreed terms to sell its interests in the Andrew area in the central UK North Sea and its non-operating interest in the Shearwater field.

UK continental shelf licensing round attracts more than 100 applications

The 32nd UK Offshore Licensing Round, which closed on 12th November 2019, offered acreage in the Central North Sea, Northern North Sea, Southern North Sea and the West of Shetlands.

Schedule overruns lead Perenco to cancel Maersk Resolute contract

Maersk Drilling has received notification that Perenco is cancelling the previously announced three-well contract for the jack-up rig Maersk Resolute in the UK North Sea.

UK energy group outlines technologies required to reach net-zero-emissions goals

The leading representative body for the UK’s offshore oil and gas industry has underlined its commitment to developing the technical solutions required to help meet the UK and Scotland’s net zero ambitions.

Maersk Drilling tags Halliburton and Petrofac for its Seapulse exploration drilling program

Maersk Drilling has signed agreements with Halliburton and Petrofac to collaborate on a shallow and deepwater exploration program to be delivered under Maersk Drilling’s master alliance agreement with Seapulse.

Jifmar Offshore Services acquires Delta Marine

Jifmar Offshore Services is continuing its expansion in Scotland with acquisition of the Shetland-based Delta Marine Ltd, one year after taking over North West Marine.

Shell wins ruling banning activists from protesting on unmanned platforms

Royal Dutch Shell won a court ruling preventing environmental protesters from boarding unmanned oil installations in the North Sea.

Rever Offshore completes North Sea decom project for Fairfield Energy

The workscope involved multiple campaigns comprising of preparation, removals of subsea infrastructure and final surveys, along with the management of all recovered waste for processing and safe disposal.

Industry report calls for action to progress UK carbon capture and storage

A comprehensive report into the changing energy landscape has called for urgent action to progress low carbon technologies critical to the UK and Scottish Government’s net zero ambitions.

UK releases shale gas fracing report after legal challenge

Last month, the UK fracing industry suffered a fatal blow as the Conservative government ended its support for the practice over concern that it causes earthquakes. The move, ahead of a general election set for Dec. 12, effectively bans fracing.

KCA Deutag lands support contract for three North Sea platforms

The multi-million pound contract is for the provision of drilling operations and maintenance services on CNRI’s Ninian South, Ninian Central and Tiffany platforms.

Rising number of North Sea oil and gas firms engaged in energy transition

Almost 40% of North Sea operators and contractors are concerned about diversification and energy transition with around half (49%) working to reduce their carbon footprints or develop low carbon solutions, according to an industry report.

CGG to undertake UK North Sea’s largest OBN multi-client survey

Planned to start in early 2020, the survey has already received significant industry interest and is being prefunded in part by BP. First results are targeted for Q1 2021.

Costain lands over £4m in UK gas terminal contracts

Infrastructure solutions company Costain has secured some £4m worth of design, engineering and consultancy contracts for the energy market, shaping the future for sustainable operations and improved efficiencies at several UK onshore gas terminals.

Decommissioning will be the North Sea’s biggest business by 2030

“Over $26 billion is to be spent on UK decommissioning by 2030,” said Paul Main, a Wood Mackenzie Ltd. analyst focused on the upstream supply chain. By that time, companies will be spending more on removing redundant oil and gas facilities than developing new fields, he said.

Equinor and partners tally Echino South find in the North Sea

Equinor and partners ExxonMobil, Idemitsu and Neptune have discovered oil and gas in exploration well Echino South, 35/11-23, by the Fram field in the North Sea.