DONG Energy has today agreed to sell its E&P business, including a stake in the Rosebank field, west of Shetland, to petro-chemical business Ineos for US$1.05 million, plus $250 million in contingent payments. Ineos, which recently acquired the Forties pipeline system from BP…
BP has agreed to sell its Forties Pipeline System (FPS) business to INEOS in a US$250 million deal, to focus on its major offshore interests west of Shetland and in the Central North Sea. Image from BP…
UK independent EnQuest has brought its Scolty and Crathes development in the UK North Sea onstream. The firm also confirmed sailaway of the US$2.6 billion Kraken development floating production, storage and offloading vessel is due in coming days…
Production at Chevron’s Erskine restarted late last month in the central North Sea, following the completion of maintenance work at Shell’s Lomond platform. Erskine. Image from Chevron. Erskine…
Production at Chevron’s Erskine project in the Central North Sea has hit a new snag, after Shell said that further work is needed on the recommissioning of the Lomond platform, according to partner Serica Energy. Erskine…
Wood Group has been awarded an extension to its master service agreement (MSA) contract with Apache Corp. in the North Sea. Wood Group will continue to deliver subsea engineering and consultancy services, in support of Apache's routine operation and maintenance works…
Apache is to increase investment in drilling to 78% of its annual capital spending in 2016-2020, compared to 51% in 2012-2015, a business breakfast was told in Aberdeen this morning. Investment in seismic will double, from 5% of its capital spending to 10%…
Houston-headquartered Apache Corporation has claimed it has increased its North Sea reserves by some four to seven times since the end of 2014. In a trading update highlighting the performance of its North Sea business, focusing on the Forties and Beryls assets…
US-based independent Apache has rejected a recent takeover bid, said to be worth US$18 billion, according to Bloomberg. But the company is now working with Goldman Sachs on a defense strategy. On 9 November, analyst firm Simmons & Co…
For OE, 2015 is a milestone year – it’s our 40th anniversary. We share that milestone with one of the world’s most iconic oil fields – the UK North Sea Forties field. Elaine Maslin charts the field’s history and finds out what the future holds…
BP has started a US$1 billion in its Eastern Trough Area Project (ETAP) in the North Sea as part of a platform renewal life extension project. The investment will see the facilities (pictured), which produce oil and gas from nine different reservoirs…
Paradigm Flow Services has successfully completed a deluge remediation and replacement project for Apache North Sea in the Forties field. The remediation work was carried out as part of the company’s Deluge Integrity Management service on four of the Forties assets…
Chevron's Erskine field has restarted production after being shut-in since September last year while a major upgrade was carried out on BG Group's Lomond facility, which it exports production through. Before the shut-down, the field was producing about a quarter of what is able to…
Massy Wood Group has been awarded a five year contract, worth up to US$250 million, by BP to provide services to its operations in Trinidad & Tobago. The company, which is jointly owned by UK-based Wood Group PSN (WGPSN) and the energy division of Massy Holdings…
UK supermajor BP awarded Cape a US$153.5 million two-year contract to supply services on six North Sea assets and the Forties Pipeline Systems. According to Cape, the company will provide a range of core services, including access, insulation…
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