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Norway's Equinor May Buy UK North Sea Oil Fields from China's CNOOC

Oct 17, 2022

Norway's Equinor considering buying oilfields in the British North Sea from China's CNOOC, including a big stake in the huge Buzzard oilfield, two industry sources told Reuters on Monday. The deal is valued at between 20 billion and 30 billion Norwegian crowns ($1.9 billion-$2.8 billion), and might close as swiftly as the end of this year, Norwegian newspaper DN reported earlier on Monday, citing unnamed sources…

SRJ's Proposed Acquisition of STATS Falls Through

May 03, 2022

ASX-listed SRJ Technologies Group plc in December last year struck a deal to buy the UK-based oilfield services firm STATS. However, STATS said Monday that the deal had fallen through over SRJ's inability to raise funds for the deal.'[STATS…

UK North Sea: CNOOC Brings Online Buzzard Phase II

Nov 29, 2021

Chinese oil and gas company CNOOC has started production from the Buzzard Phase II development in the UK North Sea.Buzzard Phase II sits around 100 kilometers northeast of Aberdeen, Scotland, with an average water depth of approximately 96 meters…

Wearing Men's PPE Puts Women Working Offshore at Risk, Red Wing Says

Oct 14, 2021

Personal protective equipment provider Red Wing has said that giving female workers men's PPE puts women at risk, and has called for the North Sea offshore industry to close the gender PPE gap and improve the safety of women’s kit.According to Red Wing…

Report: Japan's JX Nippon Eyes $1.5B UK North Sea Fields Sale

May 27, 2021

Japan's JX Nippon wants to sell its British North Sea oil and gas assets including stakes in some of the basin's biggest fields in a deal that could fetch up to $1.5 billion, five banking sources [told Reuters this week].The sale is the latest…

Australian Oil Firm Expands North Sea Acreage

May 21, 2021

Australian oil and gas company Finder Energy said Friday it had acquired two 'highly prospective' UK North Sea-operated licenses, P2502, and P2524, from Azinor Catalyst Limited.Perth-based firm said that the license P2502 was located on the western edge of the East Shetland Basin…

Chrysaor, Premier Oil Set to Complete Merger and Become Harbour Energy

Mar 31, 2021

The merger of Chrysaor and Premier Oil is due to complete on Wednesday, creating Harbour Energy, the UK North Sea's biggest oil and gas producer, which will replace Premier's stock exchange listing from Thursday, Premier said.The reverse takeover of Chrysaor by Premier Oil…

EnQuest Cuts Output Guidance Due to Incident Off Malaysia and N. Sea Maintenance Works

Nov 24, 2020

London-listed oil company EnQuest has lowered its full-year production guidance, citing scheduled maintenance and an incident on an offshore platform in Malaysia as the reasons.Group production averaged 60,777 Boepd in the ten months to end October 2020…

Chrysaor, Premier Oil Set to Merge

Oct 06, 2020

Two UK-based offshore oil and gas companies Premier Oil and Chrysaor are set to merge in an all-stock transaction. Premier Oil also said that its proposed acquisition of BP's North Sea assets will not take place.In a joint statement released Tuesday…

CNOOC, ASCO Extend North Sea Relationship

Feb 26, 2020

The Chinese oil company CNOOC has, via its European subsidiary, extended a contract for logistics management with ASCO. Under the five-year extension worth over 100 million pounds, ASCO will continue supporting CNOOC Petroleum Europe Limited's North Sea assets…

UKCS Investments On the Rise

May 31, 2019

North Sea operators and contractors are investing across people, R&D, technology and new markets to support continued growth, said a new report.The 30th Oil and Gas survey, conducted by Aberdeen & Grampian Chamber of Commerce in partnership with the Fraser of Allander Institute and KPMG UK…

Current News

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Petronas Makes 'Significant' Oil & Gas Discovery Offshore Malaysia

Petronas Makes 'Significant' Oil & Gas Discovery Offshore Malaysia
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