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. The eight crew members are due to be flown on shore tomorrow (March 24), Taqa said. All affected crew members
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. Namely, the 1982-built Ocean Patriot semi-submersible has been awarded a term extension with Apache in the UK North Sea. Under the extension, the rig’s contract is
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 the plans. Shares in UK-based Premier surged as much as 19% after it said on Tuesday that it plans to
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 services segment, which constitutes a majority of the company’s operations, rose 14% to $3.26 billion in the second quarter, led
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 Thursday. The announcement followed a 19% drop in second-quarter adjusted net profit to $2.9 billion, which it attributed to unfavorable market factors
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 the rig to continue drilling infill wells at the Buzzard field on the UK Continental Shelf. Mærsk Innovator is a CJ70
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 to its existing portfolio. Four of those interests are related to assets already operated by Ithaca, leading to an approximately
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 matter. The two companies are ahead of Premier Oil Plc, Chrysaor Holdings Ltd.and Oman’s Petrogas, which also submitted bids late last month, the people said. The fields could fetch
CNOOC Limited Announced a New Discovery in UK North Sea
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 rocks beneath the North Sea with compressed air. The North Sea is home to large porous rock formations. According to
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, the Norwegian Oil and Gas Association sounded one of its starkest warnings yet on the political risk facing the nation’s biggest industry.
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. In July, four banking sources told Reuters Total is set to sell a third of its stake in the Laggan Tormore gas
