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Tag: North Sea oil and gas

Managing decline

North Sea ‘needs investment’ to meet net zero targets

BP Clair Ridge
North Sea decline is now being managed The transition of the North Sea oil and gas industry to a green energy future will depend on government encouraging continued investment, accordingRead More

'Another great success'

North Sea gas discovery could be biggest for 11 years

Maersk oil field
Total bought Maersk to consolidate its presence in the North Sea   A gas discovery in the North Sea has been estimated to have reserves of nearly 250 million barrelsRead More

Survey points to higher confidence

Oil and gas sector recovers its appetite for recruitment

Maersk oil field
Workforce recruitment is on the rise among oil and gas contractors in the UK Continental Shelf (UKCS) as business confidence reaches its highest level since 2013, according to an industryRead More

North Sea takeover move

Faroe urges investors to snub DNO’s £608m cash offer

Graham Stewart company pic
Norwegian energy company DNO ASA suffered a frosty reception from investors after launching a £608 million all-cash hostile bid for Aberdeen-based Faroe Petroleum. DNO already owns 28.22% of the NorthRead More

Warning on No Deal

Oil rigs face shutdown over Brexit skills fears

Maersk oil field
Oil and gas platforms in the North Sea may have to be shut down if there is either a hard Brexit or no deal on EU withdrawal, according to an industry body.

Chancellor warned

Hammond tax plan ‘could undermine North Sea recovery’

Philip Hammond, reversing national insurance pledge
Chancellor Philip Hammond is being warned that he could undermine the North Sea’s recovery if..

Opportunities for new industry

Scottish ports unite in decommissioning push

Bob Buskie
Scotland's ports are joining forces in an attempt break into the hugely competitive decommissioning industry.

Oil and gas sale

Total adds North Sea assets in $7.45bn Maersk deal

Maersk oil field
Total is buying Maersk's oil and gas business in a $7.45 billion (£5.8bn) deal..

'Third wave' emerging

More E&P deals expected in North Sea

Brent Oil field
North Sea oil and gas is on the crest of another wave of consolidation following a series of E&P deals totalling more than $6 billion, energy experts claim...

Marine firm's assets acquired

Fisher in £14.8 million salvage deal for collapsed X-Subsea

Marine group James Fisher has acquired the assets and intellectual property rights of collapsed Aberdeen firm X-Subsea Holding Limited for £14.8 million.   X-Subsea went into administration on 27 April followingRead More