Equinor granted drilling permit for North Sea well
Norwegian oil major Equinor has been given a drilling permit to drill the 30/2-5 S well in the North Sea, offshore Norway. Under the permit, given to Equinor by the…
Chinese Refiners Buy Rare North Sea, Guyana Crude at Low Prices
Chinese independent refiners have snapped up rare crude grades from the North Sea and Guyana at low prices in an oversupplied market after the coronavirus pandemic destroyed demand, four sources…
North Sea: Coronavirus forces to cut workforce by 40%
Almost 40% of the North Sea workforce has been cut as operators attempt to wrestle with the growing coronavirus crisis. Trevor Stapleton, Oil and Gas UK’s HSE director, said more…
Covid-19: North Sea Oil and Gas in critical situation
The North Sea oil and gas sector is in a "paper thin" position with oil prices tumbling, the industry has warned. The supply chain in particular is at risk with…
BP’s North Sea, Shearwater field assets to be on sale
BP has agreed terms to sell its interests in the Andrew area in the central UK North Sea and its non-operating interest in the Shearwater field. BP operates the Andrew…
Huge North Sea Oilfield Boosts Production To 350,000 Bpd
The huge Johan Sverdrup oilfield in Norway’s North Sea is already producing 350,000 barrels of oil per day, two months after coming on stream, a senior executive at Equinor, the…
North Sea energy firms concerned with energy transition
Almost 40% of North Sea operators and contractors are concerned about diversification and energy transition with around half (49%) working to reduce their carbon footprints or develop low carbon solutions,…
North Sea Oil is Done For Regardless of Brexit or Not
The uncertainty of the future of Brexit has left the United Kingdom’s economy in stagnation as business investment falters on the eve of the nation’s December general election. While Boris…
Chevron Leaves UK North Sea After Ithaca’s Acquisition of Assets
Chevron has just become the latest American oil major to have quit the UK North Sea after Delek Group’s fully owned North Sea E&P subsidiary, Ithaca Energy, said on Monday it had…
Ithaca Energy completes $2B purchase of Chevron’s North Sea fields
Delek’s subsidiary Ithaca Energy has completed the $2 billion purchase of Chevron North Sea Limited, Chevron’s subsidiary operating several UK North Sea fields. “The transaction provides a material and important…
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