North Sea

Investment , Field Development , Drilling

North Sea Oil and Gas Groups Cut Investment by $5 Billion

Drilling activity also fell to levels not seen since the birth of the British offshore oil and gas industry in the 1960s and 1970s, the report added.

March 16, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of March 10, 2021

Here’s a snapshot of recent energy deals including the closing of Riley Exploration Permian’s all-stock merger with Tengasco plus Chevron’s $1.32 billion buyout of Noble Midstream.

March 10, 2021

Public Capital , Exploration & Production , Acquisitions & Divestitures

Flurry of Deals Shifts Cairn Energy to Onshore Egypt from North Sea

Cairn Energy is shifting its focus to a growth portfolio onshore Egypt from declining offshore fields in the British North Sea in a flurry of deals on March 9 worth around $1.5 billion.

March 9, 2021

Private Equity , Exploration & Production , Acquisitions & Divestitures

HitecVision Expands North Sea Portfolio Further with $625 Million Acquisition

Private-equity firm Kerogen Capital has sold Zennor Petroleum to HitecVision and its British unit NEO Energy for about $625 million.

March 9, 2021

Exploration & Production , Emissions

Neptune Energy, EDF Partner to Pilot Novel Method to Measure Offshore Methane Emissions

Plans are to deploy drone, aircraft and methane sensing technologies on the Neptune-operated Cygnus platform in the UK Southern North Sea.

March 5, 2021

Public Capital , Exploration & Production , Emissions , Renewables

Shell Changes Senior UK Leadership Ahead of Low-carbon Overhaul

As part of the management changes, Steve Phimister, head of Shell’s oil and gas operation in the North Sea since 2017, will be replaced.

March 4, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of March 3, 2021

Here’s a snapshot of recent energy deals including Permian Basin acquisitions by U.S. Energy Development comprising interests in oil development projects in the Delaware Basin.

March 3, 2021

Exploration & Production , Lease Sales

Norway Offers 84 Exploration Blocks in 2021 Licensing Round

The so-called predefined areas (APA) licensing rounds were introduced in 2003 to facilitate exploration in the most geologically known parts of the Norwegian continental shelf.

February 25, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Feb. 24, 2021

Here’s a snapshot of recent energy deals including a series of transactions in the Duvernay Shale as both Shell and Ovintiv exit the play plus Continental Resources reveals itself as the buyer of Samson Resources’ Powder River Basin position.

February 24, 2021

Business , Exploration & Production , Acquisitions & Divestitures

Exxon Mobil Sells UK North Sea Assets in Deal Worth over $1 Billion

The sale of U.K. North Sea upstream assets on Feb. 24 helps the U.S. oil major free up capital for projects elsewhere, says Exxon Mobil Vice President Neil Chapman.

February 24, 2021