Offshore accommodation rig provider Prosafe has received a letter of intent (LoI) from Ithaca Energy for the charter of its Safe Caledonia offshore accommodation rig for work at the Captain field in the UK sector of the North Sea.As stated in the LoI…
North Sea oil and gas producers urged Britain's incoming Prime Minister Keir Starmer to provide clarity on his election promise to increase tax on the sector, warning it could lead to a rapid decline in output and revenue.Starmer's Labour Party swept to power in a parliamentary election on Thursday…
Equinor has selected engineering services firm Emerson to provide advanced well completion monitoring systems for its Rosebank oil and gas field in the North Sea, the U.K.'s largest undeveloped offshore field.Emerson’s suite of Roxar downhole…
North Sea oil and gas producers are merging and shifting overseas as Britain's windfall tax slashes profits and as the opposition Labour Party threatens more tax if it wins the next general election.The change of strategy could accelerate the decline of domestic production…
Italian energy group Eni could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance their development while focusing more capital on low-carbon activities, company sources said.Such…
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…
Esgian reports that new drilling contracts have been announced in the North Sea and West Africa in its Week 17 Rig Analytics Market Roundup.Report SummaryContractsShelf Drilling (North Sea) has secured a letter of award with an unnamed operator…
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)…
Esgian reports shifts in demand in its Week 13 Rig Analytics Market Roundup.Report overview:ContractsADES has received a Letter of Intent (LOI) from PTTEP Energy Development Company Limited for an 18-month jackup drilling contract in the Gulf of Thailand…
Ithaca Energy has been given a four-week exclusivity period by Italy's Eni to make an offer for UK exploration and production assets that could expand its output massively, the London-listed company said on Wednesday.Buying those assets, including those of Eni's recently acquired Neptune Energy…
Norway-based Optime Subsea has signed a contract with Equinor for the delivery of its Remote Operated Controls System (ROCS) for the Rosebank field in the UK North Sea.The contract represents a significant step forward for Optime Subsea, which…
UK North Sea-focused oil company Ithaca Energy has appointed an interim Chief Executive Officer (CEO) as Alan Bruce steps down from the role.Having led Ithaca Energy through a successful IPO and first year as a listed company, Alan Bruce has…
Esgian has published its Week 48 Rig Market Roundup highlighting that new contract awards were revealed for a Velesto Drilling jackup, two Seadrill drillships and a Dolphin Drilling semisub. Meanwhile, Wintershall Dea is planning to drill a new carbon storage well in Norway…
Equinor is preparing to sell a 20% stake in its Rosebank oil development in the British North Sea, which could fetch about $1.5 billion, two industry sources said.The Norwegian energy giant is seeking to sell a quarter of its 80% stake in the project…
UK North Sea-focused oil company Ithaca Energy has completed the acquisition of the remaining 40% stake in the Fotla offshore discovery and three exploration licenses - P.213 Area C, P.345 Area A and P.2536 - from Spirit Energy. The acquisition…
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