Post Tagged with: "North Sea"

Total halts North Sea oil platform work after Greenpeace protest

Total halts North Sea oil platform work after Greenpeace protest

Reuters


Total has halted operations at its Dan Bravo oil production platform in the Danish North Sea, the French company said on Tuesday, after Greenpeace activists climbed aboard to protest future oil and gas exploration.

Four Greenpeace activists swam 500 …

August 18, 2020 - 12:00 pm Closing Bell Story‎, Crude Oil News, Energy News
Thirteen suspected Covid-19 cases on Taqa North Sea platforms

Thirteen suspected Covid-19 cases on Taqa North Sea platforms

Energy Voice


Taqa said that eight crew members are currently under self-isolation on its Cormorant Alpha and North Cormorant platforms.

It added that a further five workers have show “minor symptoms” and are nearing the end of their self-isolation period.…

March 24, 2020 - 7:00 am Energy News, Exploration and Production (E&P), Offshore
Diamond secures over $50 million backlog with new North Sea extension

Diamond secures over $50 million backlog with new North Sea extension

Off Shore Energy


During 2019, the company secured $620 million of backlog, including over $50 million secured in the fourth quarter related to a 12-month extension for the Ocean Patriot in the North Sea.

Diamond secures over $50 million backlog with new North Sea extension - oilandgas360

Namely, the 1982-built Ocean Patriot semi-submersible …

Source: Reuters

Premier Oil plans $500 million rights issue for North Sea buying spree

Reuters


LONDON- Premier Oil is set to buy North Sea assets from BP and increase its stake in the Tolmount gas project, funded by a $500 million rights issue, but faces opposition from hedge fund ARCM, which vowed to fight …

GE’s Baker Hughes Beats Estimates on International Demand, LNG Drilling

GE’s Baker Hughes Beats Estimates on International Demand, LNG Drilling

From Reuters


General Electric Co’s oilfield services arm, Baker Hughes, beat quarterly profit estimates on Wednesday, driven by higher LNG drilling and demand for its oilfield services in international markets, sending its shares up nearly 6%.

Revenue in the oilfield …

Source: Wintershall Dea

Total Plans $5 Billion of Asset Sales to Future-Proof Business

From Reuters


French energy giant Total (TOTF.PA) will sell about $5 billion of assets, mostly from its exploration and production business as it sharpens its focus on low-breakeven projects that can weather weak oil prices, it said on …

CNOOC Signs 100-Day Jack-Up Extension with Maersk in the UK Shelf

CNOOC Signs 100-Day Jack-Up Extension with Maersk in the UK Shelf

By Bevo Beaven, Editor, Oil & Gas 360

Maersk Drilling (stock ticker: DDRLF) said that its customer CNOOC subsidiary CNOOC Petroleum Europe has exercised a one-well option for its Mærsk Innovator jack-up rig in the North Sea. CNOOC will use …

Source: Ithaca Energy Limited

Ithaca Energy Acquires Chevron North Sea Limited for $2 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

Ithaca will now be second largest producer in North Sea
Ithaca Energy Limited will be acquiring Chevron North Sea Limited (stock ticker: CVX) for $2 billion, adding 10 producing field interests

Delek And Ineos Are Front-Runners for Chevron’s U.K. Fields

Delek And Ineos Are Front-Runners for Chevron’s U.K. Fields

From Bloomberg

Israel’s Delek Group Ltd. and U.K. chemicals company Ineos Group are emerging as the front-runners for a package of North Sea oil and gas fields put on sale by Chevron Corp., according to people familiar with the …

CNOOC Makes UK North Sea Gas Discovery

CNOOC Makes UK North Sea Gas Discovery

CNOOC Limited Announced a New Discovery in UK North Sea

Source: Vestas

Sandstone Under North Sea Could Store Compressed Air to Convert to Electricity to Meet Europe’s Needs in Winter: Scientists

Wind turbines pump compressed air into rocks, then use compressed air from rocks to power a turbine that generates electricity for grid when needed

From UPI

To store energy generated by renewable sources in Europe, scientists want to fill giant …

Top Oil Lobbyist Warns of Rising Political Risk in Norway

Top Oil Lobbyist Warns of Rising Political Risk in Norway

From Bloomberg

Norway’s oil industry is in full recovery mode, but the country’s top petroleum lobbyist is worried about growing opposition ahead.

At the same time as it gave a big boost to investment forecasts for the next five years, …

January 7, 2019 - 4:06 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Pacific Bora drilling rig arrives at Oyo-9 field in
deepwater offshore Nigeria

Total in Talks to Sell North Sea Oil, Gas Assets to Private Firms

From Reuters

French energy giant (TOTF.PA) is in advanced talks with Albion Energy and First Alpha Energy Capital, two privately owned firms, on the sale of some of its British North Sea assets, according to two industry sources.…

December 21, 2018 - 12:29 pm Closing Bell Story‎, Crude Oil News, Energy News
Apache Expects New Well to be ‘Notable Contributor’ to 2019 Cashflow

Apache Expects New Well to be ‘Notable Contributor’ to 2019 Cashflow

Apache's U.K. North Sea Garten well delivers 16.3 MBOEPD eight months after discovery, 84% oil, 778 feet of net oil pay – Apache has 100% working interest
Apache Corporation (NYSE: APA) has placed onto production its Garten discovery well on

Apache Discovers Over 700 feet of Net Pay in Garten Prospect – North Sea

Apache Discovers Over 700 feet of Net Pay in Garten Prospect – North Sea

Earlier today Apache Corporation (Ticker: APA) announced an oil discovery on Block 9/18a Area-W in the United Kingdom sector of the North Sea. Garten is located 6 kilometers south of the Beryl Alpha Platform.

The Garten discovery well targeted a …

Johan Sverdrup

Source: Total

Totally Bought: Maersk Oil/Total Deal Closed – Makes Total 2nd Largest North Sea Operator

Total S.A. (ticker: TOT) closed the acquisition signed on August 21, 2017, adding around one billion BOE 2P reserves, mainly in OECD countries. The acquisition also increases Total’s production by 160 MBOEPD in 2018, and the company expects to ramp …

Piattaforma in produzione

DONG Energy Sells Out of Oil & Gas for $1.3 Billion

DONG sells oil & gas assets to INEOS, making the company the largest private enterprise operating in the North Sea

Petrochemical manufacturer INEOS announced today that it agreed to acquire all of DONG Energy’s oil and gas assets for total …

Shell Selling North Sea Assets to Chrysaor for $3.8 Billion

Shell Selling North Sea Assets to Chrysaor for $3.8 Billion

Deal will make Chrysaor one of the largest UK oil and gas producers 

Royal Dutch Shell (ticker: RDSA) has agreed to sell a package of UK North Sea assets to privately held UK producer Chrysaor for a total of up …

Is Wind Giant DONG Energy Selling its Oil & Gas Segment, or Not?

Is Wind Giant DONG Energy Selling its Oil & Gas Segment, or Not?

DONG says oil & gas segment is “not considered a long-term strategic commitment” – DONG engages J.P. Morgan to conduct a market assessment

Denmark-based wind energy developer DONG Energy (ticker: DENERG) successfully launched Europe’s biggest 2016 IPO in June. Besides …

Royal Dutch Shell Divests GOM Assets

Royal Dutch Shell Divests GOM Assets

In exchange for $425 million in cash, Royal Dutch Shell (ticker: RDS) has sold off the company’s stake in assets held in the Gulf of Mexico, the transaction is expected to close in October. The sale agreement bodes well for …

Statoil Boosts Footprint in Norwegian Continental Shelf with $540 Million Share Purchase

Statoil Boosts Footprint in Norwegian Continental Shelf with $540 Million Share Purchase

Believes peak production from the Johan Sverdrup offshore field could reach 380 MBOPD

Norway-based Statoil (ticker: STO), the largest acreage holder on the Norwegian Continental Shelf (NCS), added to its portfolio by acquiring more than 37 million shares of Lundin …

Repsol, Statoil Announce Asset Swap Involving Eagle Ford and Norway Positions

Repsol, Statoil Announce Asset Swap Involving Eagle Ford and Norway Positions

No oil and gas companies were in attendance for Major League Baseball’s winter meetings (baseball’s equivalent of Christmas with its free agent signings, discussions, swaps and trades), but two industry giants independently agreed to a swap of their own on …

Ithaca Energy Inc.: Q3-2015 Operations Update

Ithaca Energy Inc.: Q3-2015 Operations Update

CALGARY, AB–(Marketwired – Oct 5, 2015) – Ithaca Energy Inc. (TSX: IAE) (LSE: IAE)

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States

Ithaca Energy Inc.

Third Quarter 2015 Operations Update

5 October 2015

October 5, 2015 - 3:17 pm Canada, Energy News
Total Divests $1.3 Billion of Assets in a Week

Total Divests $1.3 Billion of Assets in a Week

Total sells North Sea midstream assets

On August 27, Total (ticker: TOT) announced that it sold its FUKA and SIRGE gas pipelines, along with the St. Fergus Gas Terminal, to North Sea Midstream Partners for £585 million (approximately $905 million). …

Low Prices Threaten North Sea Drilling

Low Prices Threaten North Sea Drilling

Falling oil prices threaten offshore oil and gas industry’s profitability in Britain’s North Sea

If Brent crude, the North Sea benchmark, remains in the $60 to $70 range, at least 85% of British offshore oil and gas resources in the …

December 30, 2014 - 6:20 pm International, Offshore, Oil and Gas 360 Articles