NEO Energy and Repsol Resources UK have entered into strategic merger, creating one of the largest U.K. North Sea independent oil and gas companies under the name of NEO NEXT.Under the terms of the transaction, the combined business will be jointly owned by NEO (55%) and Repsol UK (45%) and will have a large and diverse asset portfolio which is expected to generate material cashflows and provide a platform for organic and inorganic growth…
CFE Engineers Asia, a subsidiary of provider of rigging and mooring equipment solutions Franklin Offshore, has completed the fabrication and load-out of 12 suction piles for Chevron’s $4 billion Jansz-lo compression project offshore Western Australia…
TotalEnergies has signed an agreement to sell to the Prax Group its entire interest in West of Shetland assets in the United Kingdom, which includes six offshore gas fields, the onshore Shetland Gas Plant and nearby exploration licenses.The six offshore fields sold to Prax Group include Laggan…
Engineering consultancy Wood has secured a new decarbonization contract from TotalEnergies to support flare gas recovery in the North Sea.The 23-month contract, part of the Elgin-Franklin Flare Gas Recovery System Project, follows Wood's successful…
Eni has reached an agreement on the combination of substantially all of its upstream assets in the UK, excluding East Irish Sea assets and CCUS activities, with Ithaca Energy, creating a major independent oil and gas company present on the UK Continental Shelf (UKCS)…
UK-based union Unite said Friday that historic 48-hour strike action would hit platforms in the UK North Sea.Unite said that 1300 offshore workers would begin a 48-hour stoppage from Monday, April, 24, which will cause 'severe' problems for major oil and gas operators…
British union Unite said on Friday that some 70 workers employed by TotalEnergies based on the Elgin Franklin and North Alwyn platforms along with the Shetland Gas Plant were being balloted for strike action. Unite last week announced that 1…
TotalEnergies encountered hydrocarbons upon entering the reservoir during recent appraisal drilling at the Isabella discovery in the UK North Sea, about 270 km southeast of Aberdeen.This was shared by Ithaca Energy, TotalEnergies' partner in the Isabella discovery (P1820) in Block 30/12d-12…
TotalEnergies will cut its investment in British North Sea oil and gas projects by a quarter next year after the UK government hiked a windfall tax on the sector, the French firm's British exploration and production chief said on Wednesday.Energy…
ExxonMobil's sale to NEO of interests in 13 producing fields – including the Elgin Franklin fields, operated by TotalEnergies, took longer than expected to complete, prompting an investigation by the regulator in the UK - Image for illustration…
UK-based offshore engineering and maintenance contractor Bilfinger UK has secured a major contract with TotalEnergies that will create 300 fixed-term positions.The contract is for the delivery of fabric maintenance campaign services on TotalEnergies’…
NEO Energy has completed the previously announced acquisition of a portfolio of non-operated oil and gas assets in the UK Central and Northern North Sea from ExxonMobil. The company made the announcement on Wednesday.North Sea-focused oil company…
Some 300 UK North Sea workers working for Ponticelli UK and Semco Maritime, serving TotalEnergies' UK North Sea platforms, will take industrial action starting Monday, December 6, following a dispute over cuts to terms & conditions, workers' union Unite said…
NEO Energy has struck a deal to buy JX Nippon Exploration and Production (U.K.) Limited from its Japan-based parent company JX Nippon Oil & Gas Exploration Corporation, part of Eneos Group.JX UK holds non-operated interests in several producing…
About 300 employees working for Ponticelli UK and Semco Maritime aboard TotalEnergies' North Sea offshore facilities in the UK have voted in favor of a strike after a dispute over cuts to terms and conditions, Unite the union said Tuesday.Unite’s…
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