Equinor Acquires 40% Stake in Rosebank Project
Equinor has signed an agreement to acquire Chevron’s 40 percent operated interest in the Rosebank project, one of the largest undeveloped fields on the U.K. Continental Shelf (UKCS). The parties did not disclose the…
Siccar Point Energy Confirms Cambo Well Test Success
Siccar Point Energy has successfully concluded well testing operations on the 204/10a-5 appraisal well in the Cambo field, north-west of Shetland.A vertical pilot hole was initially drilled confirming over 100ft of…
MMT Inks 10 New Contracts over 2 Months
Swedish based marine surveyor MMT has during the past two months received 10 new subsea survey and inspection projects within the offshore wind, renewable energy and oil and gas industries.MMT said the contracts,…
DeltaTek Announces Inaugural North Sea Contract Win
Well construction specialist, DeltaTek Global continues its upward trajectory during 2018, with the award of a two-year contract from Aberdeen-based operator, Siccar Point Energy.Operating on a call off basis – and…
Siccar Point Confirms Cambo Well Spud and Shell Deal
Siccar Point Energy has started drilling a final appraisal well on the Cambo field, north-west of Shetland, with results expected this summer. The Aberdeen based production, development and exploration company, has…
Siccar Point Announces Sale
Siccar Point Energy (“Siccar Point”) has announced that on March 28, 2018, a Sale and Purchase Agreement was signed with Shell UK Limited (“Shell”) under which Shell will acquire a 30% non-operated working interest…
Endeavour Energy Kicks Off North Sea Assets Sale
Endeavour Energy UK has launched the sale of its North Sea oil and gas assets at an ambitious price target of $500 million, according to two industry sources and a document seen by Reuters. The sale is part of group asset sales after Endeavour's U.S.
Statoil: UK Exploration Wells Disappoint
Statoil's exploration campaign off Britain yielded one discovery, one dry well and one non-commercial discovery this year, the company said on Monday. Results of the Mariner Segment 9 and Jock Scott wells were disappointing…
Shell to sell $3B in North Sea Assets
Royal Dutch Shell is nearing the sale of a large part of its North Sea oil and gas assets to private equity-backed Chrysaor for $3 billion, banking sources said, marking a milestone in its drive to reduce debt after buying BG Group.
Statoil: Production Drilling Starts on Mariner
Production drilling has started on the Statoil operated Mariner field in the UK North Sea. Up to five wells will be drilled before the Mariner A platform hook up and commissioning activity starts next summer. First…
Shell's U.S Deal to Unlock Global Asset Sales
Shell lines up large North Sea asset sale; Gulf of Mexico deal sets deal value at $60/bbl. Royal Dutch Shell's first oil field sale after its $54 billion BG Group acquisition bodes well for its disposal talks in the North Sea…
Shell's US Deal to Unlock Global Oil Asset Disposals
The $425 million deal in the Gulf of Mexico is welcome news for the Anglo-Dutch oil and gas giant which has struggled to kick off its plan to dispose of $30 billion of assets by 2018 or so in order to pay for the…
Siccar Point Announces First N. Sea Oil Deal
Venture acquires 8.9 pct stake in Mariner Field; deal highlights growing private equity role in region. Private equity-backed oil and gas venture Siccar Point Energy announced its first North Sea investment on Tuesday…
