First oil has started flowing from the BP-operated Alligin field in the West of Shetland region, offshore UK.Alligin is a part of the Greater Schiehallion Area and has been developed as a two-well subsea tie-back into the existing Schiehallion…
RockRose Energy has signed a deal to buy Speedwell Energy, a company owning a 100% stake in the Cotton gas field in the UK sector of the Southern North Sea. RockRose said Tuesday that the deal was 'for a limited initial consideration,' with…
PGNiG Upstream Norway, a subsidiary of Polish Oil and Gas Company (PGNiG), has obtained a final administrative consent to purchase additional 10% interests in the PL636 and PL636B licences in the North Sea.Following the transaction, PGNiG Upstream…
North Sea private equity-backed Chrysaor's talks to buy smaller regional rival Siccar Point have ended after a large gap between their price expectations, three sources close to the process said. The breakdown in negotiations highlights difficulties…
Total's UK subsidiary has selected PBS, a recently formed consortium in Aberdeen, to provide general maintenance of all its operated oil and gas assets in the UK.'This new contract will bring together previous separate contracts for Total E&P UK’s sites…
The North Sea operator Serica Energy has halted production from Bruce, Keith and Rhum (BKR) fields, after an inspection unveiled issues aboard the Bruce offshore platform.'During a Bruce platform inspection, the condition of an unused seawater…
Aquaterra Energy and Oceaneering have signed an agreement to jointly offer decommissioning and late-life solution packages to the North Sea oil and gas industry.The two companies will offer tooling and services in platform well abandonment, subsea well abandonment…
The maritime classification society Lloyd's Register Group Limited (LR) has secured a significant contract win with the European electricity transmission system operator TenneT.The five-year contract covers inspection and assurance services…
UK-focused oil firm Jersey Oil and Gas (JOG) has agreed to (re)acquire Equinor's 70 percent stake in the Verbier oil discovery in the UK North Sea. JOG will also become the operator.The consideration for the acquisition consists of two milestone…
North Sea oil and gas operator Chrysaor is has filed decommissioning plans for its Caister CM installation and rise sections attached to the platform. The platform, located in the Southern North Sea offshore the UK, was first put in production in 1993…
Aberdeen-based Oil and gas company Dana Petroleum has awarded Norway's Ocean Installer a contract for work at the Triton Area Development, located in the Central North Sea, around 190 km east of Aberdeen.According to a press release, the award…
Shares of London-listed Egdon Resources jumped on Tuesday following news that oil giant Shell farmed into Egdon's UK offshore licenses P1929 and P2304.Under the agreement, Shell will become the operator and will acquire a 70% interest in both blocks…
UAE-based oil company TAQA is set to take over operatorship over the Brae oil field in the UK sector of the North Sea from RockRose Energy.RockRose energy got hold of the licenses containing the Brae field last year, following the completion of the UK North Sea assets of the U…
Oil and gas company Neptune Energy has awarded energy services firm Three60 Energy a framework contract to deliver engineering and support services for its UK Continental Shelf portfolio.The energy services provider said Monday it would provide…
Operational production costs in the oil and gas industry have fallen across the globe, with UK emerging as a cost-cutting powerhouse among global offshore regions.Specifically, the UK North Sea has emerged as a world leader in cost-cutting thanks to increased production…