Shell is currently having discussions with BP over $250m Stake in North Sea Oil and Gas Field Shearwater. With this venture, the deal is valued to be around USD250 million (£193 million) which will almost double Shell’s share in the venture. For this field, Shell holds a 28% stake in the field, followed by BP...Continue Reading

For the P11-B Unity project located in the North Sea, Allseas Lorelay and Calamity Jane are joining hands. A versatile vessel, Lorelay is optimised for executing small and medium diameter pipeline projects of any length in unlimited water depths. It can also handle associated work such as the installation of risers and subsea protection frames....Continue Reading

An energy intelligence group Rystad Energy, mentioned that if the pace of discoveries remains similar to the first quarter, it will exceed 2018’s discovered resources to as much as 30%. Global discoveries of conventional resources since the first quarter reached a robust 3.2 billion barrels of oil equivalent (boe), said Rystad since last week Monday....Continue Reading

Investors have given the green light for the development of an oil and gas field off the coast of Aberdeen. Neptune Energy along with its partners BP & Japex has agreed with a final investment decision to obtain Seagull field for production by the end of 2021. The expected initial production of Seagull is about...Continue Reading