Amidst Outcries To Phase Out Fossil Fuels, UK’s OGA Chairman Stands Firm On Continuing North Sea Exploration For The Foreseeable Future

Chinese oil and gas giant CNOOC Limited has started production from the Buzzard Phase II development located offshore in the UK sector of the North Sea.

Spanish oil and gas company Repsol has been forced to halt production from its Yme field off Norway, less than a month after the oil production started.

Providing a healthy and safe working environment is mandatory for any business

Oil and gas company Deltic Energy has completed the farm-out agreement of five of its gas licences in the Southern North Sea with Cairn Energy, which will now be operated by Cairn.

Oil and gas company Cairn Energy has completed the sale of its interests in the Catcher and Kraken fields located off the UK for $455 million.

Driven by higher oil and gas prices and refining margins and strong trading results as the world is recovering from the pandemic, energy major BP saw its profit soar in the third quarter of 2021 when compared to the same period last year.

After slowly climbing up for two weeks, the number of offshore rigs in the U.S. stopped its upward movement and remained flat at 13 last week, based on Baker Hughes’ weekly rig count report from last Friday.

The UK’s petroleum regulator, the Oil and Gas Authority (OGA), has decided to investigate the delay in Esso’s proposed sale of 13 producing fields, including Elgin Franklin, to NEO.

UK oil and gas company EnQuest has bought a 26.69 per cent non-operated equity interest in the Golden Eagle area in the UK North Sea.