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Wood Mackenzie: 2019 could be creaming curve buster for North Sea
2019-09-03 - Wood Mackenzie, an energy intelligence group, expects the number of exploration wells in the North Sea to increase by 25 percent this year.  Illustration. Author: SP Mac Speaking as Offshore Europe opens in Aberdeen on Tuesday, Glenn Morrall, an analyst with Wood Mackenzie’s upstream research team said: “In the North..
BP's second quarter profit stable as production grows
2019-07-30 - UK oil major BP posted a profit of $2.8 billion for the second quarter 2019, which is similar to the company's performance in the same period last year, while its production increased during the period.  BP’s Thunder Horse platform in the Gulf of Mexico. Source: BP BP said on Tuesday that its underlying replacement cos..
Total plans $5 billion in asset sales as second quarter profit slips on lower oil prices
2019-07-25 - French oil and gas company Total posted a 26% drop in 2Q net profit as a result of lower oil and gas prices. Total has said it plans to sell about $5 billion worth of assets, mostly from its Exploration & Production business. Patrick Pouyanné, Chairman and CEO of Total. Source: Wikimedia; Author: Jérémy Barande - unde..
Update: Total selling non-core UK North Sea fields for $635 million
2019-07-10 - French oil major Total has agreed to sell $635 million worth of  UK North Sea assets to Petrogas NEO UK. Total said Wednesday that the assets being sold, formerly owned by Maersk Oil, were non-core, and located in the Eastern North Sea. Total bough Maersk Oil in March 2018. The deal will see Total sell its stakes in Dumba..
Atlantic Offshore reels in contract extensions for three ERRVs
2019-07-08 - Shipping company Atlantic Offshore has received contract extensions for three of its emergency response and rescue vessels (ERRVs). Ocean Osprey; Source: Atlantic Offshore The company on Monday said it had won a contract extension with Total UK for the Ocean Troll EERV. The company said in a statement that the Ocean ..
Total produces first gas from Culzean field in North Sea
2019-06-11 - French oil major Total has started up production from the Culzean gas condensate field located on Block 22/25a, 230 kilometers off the coast of Aberdeen, in the UK. Installation of Culzean topsides. Source: Total The Culzean field lies in Block 22/25 in the central North Sea’s East Central Graben. Announcing the fiel..
Total profit falls despite output growth
2019-04-26 - French oil and gas company Total recorded a 4 percent decrease in first quarter profit while its production grew by 9 percent.  Egina FPSO from a helicopter; Source: Atlantis Offshore Total on Friday posted an adjusted net profit of $2.8 billion for the first quarter of this year, a 4% decrease when compared to $2.9 bill..
Floatel bags Martin Linge extension with Equinor
2019-04-16 - Offshore accommodation rig operator Floatel International has been awarded a contract extension for its Floatel Superior by Equinor.  Floatel said on Tuesday that Equinor had extended the Floatel Superior charter at the Martin Linge field development, which is located in the Norwegian sector of the North Sea. Floatel Supe..
VIDEO: Total nears Culzean project completion in UK
2019-02-13 - French oil company Total is on the verge of completion of its huge Culzean gas project, which is located in the UK sector of the North Sea, with only 2% of the project left to complete.   The French company, which took over the project last year following the takeover of Danish oil company Maersk Oil, has launched a vide..