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May 2019
Offshore drilling contractor Seadrill is considering to sell their non-core assets which include its 15.7% stake in oil service firm Archer. This is to reduce their liabilities, according to the firm’s chief financial officer. Controlled by Norwegian billionaire John Fredriksen, Seadrill emerged from the U.S. Chapter 11 bankruptcy proceedings last year. In order to repay...
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According to Rystad Energy, crude and lease condesate production in the North Sea is set for lower levels in the coming months for summer. This further tightens the global oil market which is already grappling with several production declines in Iran and Venezuela, OPEC’s cuts and a contamination issue that shut down Russian pipeline supplies...
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In Claymore offshore platform located in the UK North Sea, the production has been temporarily shut down. Repair work is being carried out by the operator Repsol Sinopec Resources UK on the valve of the export pipeline from the platform to the onshore Flotta terminal in Scotland. There was a reported leaking of the hydraulic...
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Aker BP has been given a consent by Norwegian PSA to use the Deepsea Nordkapp mobile drilling facility. This is to help to plug production wells of Jette Field. This will involve permanently plugging the two production wells on Jette field or North Sea based on the given consent. Work is scheduled to begin by...
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For the next 6 years, OPITO, an energy skills body has set out a strategy to prepare for the shift in skills for requirements in the UK oil and gas industry. Under the OPITO’s Skills Landscape 2019-2025 Report of section of UKCS Workforce Dynamics research series, it has been observed that technology advancement, internationalisation and...
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A report on Monday mentioned that a key North Sea gas pipeline may be an auction for sale. Antin Infrastructure Partners was evaluating for selling the Central Area Transmission System (Cats) pipeline system according to The Sunday Telegraph. It was owned for nearly five years and it is held by Kellas Midstream business. It is...
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