North Sea oil news

The economic impact analysis, from Oxford Economics, quantified the direct impact Neptune has on the UK, Norway, Germany and the Netherlands through its operations, the indirect impact generated through its supply chain and the induced impact due to spending by Neptune staff and suppliers’ staff.

The acquisition comprises a controlling (60%) interest in the Q10-A offshore gas field together with interests in a suite of offshore exploration and production licences in the Dutch North Sea.

The reductions in flaring follow increased focus by the UK's Oil and Gas Authority, which started benchmarking performance in 2020 and now also publishes data every month.

Rystad Energy analysis shows that the world’s top oil and gas employer, China, lost only 5.3% of its massive workforce. The toll in the US was more devastating, estimated at 11.1%, thereby faring worse than its European peers and Russia.

The installation of new technology will allow the centre in Aberdeen, UK, to enhances its service offering to the oil and gas sector.

Stork will continue to deliver asset management solutions and capabilities for the Armada, Everest and Lomond platforms in the central North Sea.

The interests to be sold are Cairn's entire 20% interest in the Catcher field and 29.5% interest in the Kraken field.

The Zennor portfolio adds approximately 40 million boe of reserves and more than 90 million boe of un-risked resource in the Central and Northern North Sea to NEO.

The company will transport and process gas from the Solveig field, located in the Norwegian sector of the North Sea.

Petrogas E&P Netherlands B.V. will employ the harsh-environment jack-up rig Maersk Resolute to perform well maintenance and drill a side-track of the A9 well at the P9 Horizon field in the Dutch North Sea.