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Taqa reports N Sea platform shutdownAbu Dhabi National Energy Company (Taqa) confirmed the shutdown of one of its platforms in the UK North Sea, after discovering hydrocarbons within the platform leg. However there was no environm More… |
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Taqa invests over $1bn in UK oil fieldsAbu Dhabi National Energy Co (Taqa), majority-owned by the Abu Dhabi government, is investing over $1 billion in British North Sea oil fields owned by BP, sources familiar with the deal said on Wednesday. More… |
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Kuwait to buy $500m stake in UK North SeaKuwait's state oil firm will pay around $500 million for a stake in a North Sea oil field owned by oil and gas explorer EnQuest, the London-listed firm said. EnQuest said on Tuesday it will farm out a 35 percent interest in its Alma an More… |
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Safety check delays hit North Sea firmsThe UK North Sea's dwindling oil and gas reserves are pushing firms to tap unstable reservoirs at high pressure and extreme heat, while safety checks and maintenance are behind schedule, a North Sea rig auditor who works for the industry said. More… |
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Oil, gas decommissioning 'to open up huge opportunities'A £47.5 billion business opportunity will open up for companies to decommission the North Sea’s huge infrastructure of offshore oil and gas fields, according to new research to be published by Deloitte and Douglas-Westwood. The next 30 ye More… |
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Petrofac wins $48m North Sea contractsPetrofac, a global oil and gas facilities service provider, has won two North Sea contracts valued at GBP30 million ($48.65 million) from GDF Suez E&P UK, a specialist energy supplier. The contracts won by Petrofac’s Offshore Engi More… |
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North Sea pipeline still leaking says ShellRoyal Dutch Shell said a ruptured North Sea pipeline continued to leak oil on Saturday and that it had been seeping crude into the sea for two days before the company declared it. Shell said it was continuing to reduce pressure in the pipe More… |
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Oil falls more than $3 on growth fears, dollarOil fell sharply on Thursday with North Sea Brent crude down more than 3 per cent on concerns over global fuel demand following forecasts of lower US growth and evidence of a slowdown in Chinese manufacturing. Commodities and stock markets More… |
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HSBC to limit retail banking to save $3.5bnHSBC Holdings, Europe's biggest bank, is looking to slash up to $3.5 billion in costs by cutting the scale of its wealth management and retail banking businesses, it said. It was also conducting a strategic review of its credit card busine More… |
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Taqa buys Total's stake in N Sea oil blocksAbu Dhabi National Energy Co (Taqa) said on Wednesday it bought Total SA's entire 81 percent stake in production licences for two blocks in the North Sea Otter oilfield. The deal is one of a series of recent acquisitions More… |
