North Sea – Page 3 – Oil & Gas 360

Delek And Ineos Are Front-Runners for Chevron’s U.K. Fields

April 15, 2019

From Bloomberg Israel’s Delek Group Ltd. and U.K. chemicals company Ineos Group are emerging as the front-runners for a package of North Sea oil and gas fields put on sale by Chevron Corp., according to people familiar with the matter. The two companies are ahead of Premier Oil Plc, Chrysaor Holdings Ltd.and Oman’s Petrogas, which also submitted bids late last month, the people said. The fields could fetch

CNOOC Makes UK North Sea Gas Discovery

January 28, 2019

CNOOC Limited Announced a New Discovery in UK North Sea

Sandstone Under North Sea Could Store Compressed Air to Convert to Electricity to Meet Europe’s Needs in Winter: Scientists

January 22, 2019

Wind turbines pump compressed air into rocks, then use compressed air from rocks to power a turbine that generates electricity for grid when needed From UPI To store energy generated by renewable sources in Europe, scientists want to fill giant rocks beneath the North Sea with compressed air. The North Sea is home to large porous rock formations. According to

Top Oil Lobbyist Warns of Rising Political Risk in Norway

January 7, 2019

From Bloomberg Norway’s oil industry is in full recovery mode, but the country’s top petroleum lobbyist is worried about growing opposition ahead. At the same time as it gave a big boost to investment forecasts for the next five years, the Norwegian Oil and Gas Association sounded one of its starkest warnings yet on the political risk facing the nation’s biggest industry.

Total in Talks to Sell North Sea Oil, Gas Assets to Private Firms

December 21, 2018

From Reuters French energy giant (TOTF.PA) is in advanced talks with Albion Energy and First Alpha Energy Capital, two privately owned firms, on the sale of some of its British North Sea assets, according to two industry sources. In July, four banking sources told Reuters Total is set to sell a third of its stake in the Laggan Tormore gas

Apache Expects New Well to be ‘Notable Contributor’ to 2019 Cashflow

December 5, 2018

Apache’s U.K. North Sea Garten well delivers 16.3 MBOEPD eight months after discovery, 84% oil, 778 feet of net oil pay – Apache has 100% working interest Apache Corporation (NYSE: APA) has placed onto production its Garten discovery well on Block 9/18a Area-W in the United Kingdom sector of the North Sea. The discovery well, which is six kilometers south

Apache Discovers Over 700 feet of Net Pay in Garten Prospect – North Sea

March 23, 2018

Earlier today Apache Corporation (Ticker: APA) announced an oil discovery on Block 9/18a Area-W in the United Kingdom sector of the North Sea. Garten is located 6 kilometers south of the Beryl Alpha Platform. The Garten discovery well targeted a downthrown structural closure and encountered more than 700 feet of net oil pay in stacked, high quality Jurassic-aged sandstone reservoirs.

Totally Bought: Maersk Oil/Total Deal Closed – Makes Total 2nd Largest North Sea Operator

March 12, 2018

Total S.A. (ticker: TOT) closed the acquisition signed on August 21, 2017, adding around one billion BOE 2P reserves, mainly in OECD countries. The acquisition also increases Total’s production by 160 MBOEPD in 2018, and the company expects to ramp up production to 200 MBOEPD by early 2020. According to Total, this deal makes the company the second-largest operator in

DONG Energy Sells Out of Oil & Gas for $1.3 Billion

May 24, 2017

DONG sells oil & gas assets to INEOS, making the company the largest private enterprise operating in the North Sea Petrochemical manufacturer INEOS announced today that it agreed to acquire all of DONG Energy’s oil and gas assets for total consideration of approximately $1.3 billion. The acquired assets produced 100 MBOEPD in 2016 and hold approximately 570 MMBOE of reserves

Shell Selling North Sea Assets to Chrysaor for $3.8 Billion

January 31, 2017

Deal will make Chrysaor one of the largest UK oil and gas producers Royal Dutch Shell (ticker: RDSA) has agreed to sell a package of UK North Sea assets to privately held UK producer Chrysaor for a total of up to $3.8 billion, including an initial consideration of $3.0 billion and a payment of up to $600 million between 2018-2021 subject

Is Wind Giant DONG Energy Selling its Oil & Gas Segment, or Not?

October 28, 2016

DONG says oil & gas segment is “not considered a long-term strategic commitment” – DONG engages J.P. Morgan to conduct a market assessment Denmark-based wind energy developer DONG Energy (ticker: DENERG) successfully launched Europe’s biggest 2016 IPO in June. Besides its robust offshore wind development business in Europe, bioenergy, thermal power and energy distribution segments, the company runs a healthy oil and gas business.

Royal Dutch Shell Divests GOM Assets

August 30, 2016

In exchange for $425 million in cash, Royal Dutch Shell (ticker: RDS) has sold off the company’s stake in assets held in the Gulf of Mexico, the transaction is expected to close in October. The sale agreement bodes well for its disposal talks in the North Sea, Gabon and New Zealand, according to sources, signaling buyers will meet its expectations

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