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North Sea oil news

Serica Energy announce acquisition of interest in Greater Buchan area

Serica Energy has announced the completion of the acquisition by its wholly owned subsidiary, Serica Energy (UK) Limited, of 30% non-operated interests in the P2498 and P2170 licences (together the Greater Buchan Area (‘GBA’)) from Jersey Oil & Gas (‘JOG’).


Dry well in the North Sea

Equinor’s exploration well 30/4-4 in the North Sea is dry. The well was drilled about 7 km north of the Martin Linge field in the North Sea and 180 km west of Bergen.


Valaris announces contract awards and fleet status updates

Valaris Limited has announced new contracts and contract extensions, with associated contract backlog of approximately US$1.14 billion, awarded subsequent to issuing the Company’s most recent fleet status report on November 1, 2023.


Subsea7 awarded contract in North Sea

Subsea7 S.A. has announced the award of an extension of an existing frame agreement by bp, for subsea construction, inspection, repair and maintenance services (IRM), across bp’s North Sea assets.


Capricorn provide North Sea contingent payment update

Capricorn has entered into an agreement for the full settlement of the payment terms of its sale and purchase agreement with Waldorf Production UK PLC relating to the disposal of its previously held interests in the Catcher and Kraken fields.