Cairn Energy on Tuesday revised up reserves at its British North Sea Kraken oil field, which is majority-owened by EnQuest, effectively reversing a $163 million impairment it had booked on a Kraken downgrade a year ago. Cairn, which owns 30% of Kraken…
London-listed RockRose Energy has said that the first of two infill development wells at West Brae asset in the UK North Sea has successfully completed and is delivering in line with expectations.Following the completion of this well, the Noble…
Helicopter operator Babcock has secured a new five-year shared contract with three oil and gas operators for helicopter transport in the northern North Sea.The contract will initially see Babcock operate over 100 offshore helicopter flights each month from Sumburgh in Shetland…
London-listed Serica Energy has resumed production from its Bruce platform in the UK sector of the North Sea, following a halt in January.Production was halted on Bruce while engineering work was carried out to secure an unused caisson, which was found to be in a deteriorated condition…
Hurricane Energy and Spirit Energy, partners in the Greater Warwick Area offshore the Shetland Islands, have updated the terms of the farm-in the companies had entered in September 2018.The two companies originally agreed on a phased work program…
The UK National Decommissioning Centre (NDC) and Chevron have signed an agreement that will support research at the NDC through to 2023, focused on the effects of offshore oil and gas decommissioning on the environment.The NDC, is a technology research and development hub opened in 2019…
British North Sea-focused oil and gas producer Premier Oil has committed to carbon-neutral operations at its fields by 2030, reporting a record free cash flow of $327 million last year, up around 30% and boosted by its flagship Catcher field…
Oilfield engineering and construction company Global E&C has said it has acquired 100% share capital in commissioning specialists Magma.Global E&C was formed in March 2019, following the majority acquisition of Apollo by Global Energy Group…
North Sea-focused oil and gas company Spirit Energy has signed an agreement to divest two non-core Danish assets to INEOS.Spirit Energy will, as part of the deal, sell to Ineos two of its companies with licenses in Denmark. The two companies jointly own 40% in the Hejre discovery and 27…
Semi-submersible accommodation specialist Prosafe and oil major Shell have agreed on a contract extension for one of Prosafe's units for operations in the UK North Sea.The European offshore accommodation support company said in a press note that it had agreed with Shell to amend the original June 1…
UK-focused oil firm Independent Oil and Gas has said that it remains in talks with CalEnergy over the latter's participation in IOG's North Sea blocks.Namely, CalEnergy Resources, part of Berkshire Hathaway Energy, had an option to acquire a…
London-listed oil firm Serica Energy plans to use Awilco Drilling's semi-submersible drilling rig WilPhoenix for a one-well workover on the Rhum field in the UK sector of the North Sea.Offshore drilling contractor Awilco Drilling said Tuesday…
Norwegean provider of shipping services Axxis Geo Solutions ASA (AGS) has signed a Letter of Intent (LOI) with a major international oil company to commence an Ocean Bottom Node (OBN) survey in the North Sea.Subject to fulfillment of certain conditions…
Norwegian service company within the oil, gas and offshore wind industries Aibel said that Johan Sverdrup's project team for the P2 platform could tick off for another milestone.The first deck of the Utility Process Module (UPM) being built in Haugesund is now complete…
Wintershall Noordzee has started gas production from its operated Sillimanite field in the North Sea area between the UK and the Netherlands.The company, a joint venture of Wintershall Dea and Gazprom EP International, said Thursday the unitized gas field…