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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, Premier Oil and Harbour Energy, Chrysaor's largest shareholder, said the proposed merger would create the largest independent oil and gas company by production…

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…

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

Greenhouse Gas Emissions: Investor Coalition CURE Pushes Exxon to Do More

Greenhouse Gas Emissions: Investor Coalition CURE Pushes Exxon to Do More

Aquaterra Energy Wins Riser Deal in APAC

Aquaterra Energy Wins Riser Deal in APAC

Exxon to Lay Off 300 Workers in Singapore

Exxon to Lay Off 300 Workers in Singapore

Santos Books Noble Jack-Up to Drill Near Dorado Field in Australia

Santos Books Noble Jack-Up to Drill Near Dorado Field in Australia

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Saudi Aramco, Chevron Chiefs See Global Oil Demand Recovery

Venezuelan Oil Exports Rise on Larger Sales to Asia

Venezuelan Oil Exports Rise on Larger Sales to Asia

Malaysia Petronas Launches Offshore Bid Round

Malaysia Petronas Launches Offshore Bid Round

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