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North Sea

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North Sea infrastructure deals in the pipeline, says Deloitte

June 8, 2016

The North Sea will see a rise in infrastructure deals this year, with private equity funds playing an increasing role in midstream assets, according to business advisory firm Deloitte. Against the backdrop of a low oil price, more oil and gas companies are looking to rationalise their portfolios and divest non-core assets in the UK… Continue Reading »

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Shell Said to Start Talks With Buyers for North Sea Asset Sales

May 24, 2016

Royal Dutch Shell Plc is in talks with potential buyers for some North Sea assets, mostly fields it got this year as part of the record acquisition of BG Group Plc, according to people familiar with the matter. The Anglo-Dutch energy giant has been in talks with companies including privately held chemical producer Ineos Group… Continue Reading »

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Wood Group awarded contract across Shell’s North Sea offshore assets

May 8, 2016

Wood Group has been awarded a three year contract extending its support of Shell’s eight UKCS offshore assets. Wood Group PSN (WGPSN) will continue to deliver maintenance and construction services to the Shearwater, Gannet, Nelson, Curlew, Brent Delta, Brent Alpha, Brent Bravo and Brent Charlie installations. In addition WGPSN will provide engineering modifications to the… Continue Reading »

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Hurricane Energy Finds New Investor to Finance North Sea Exploration

April 20, 2016

Hurricane Energy has found a new investor in private equity fund manager Kerogen Capital which is injecting 44.1 million pounds ($62 million) into the company for a nearly 30 percent stake, showing some rare appetite in oil deals amid weak prices. The share placement is also raising another 8 million pounds from existing shareholders Crystal… Continue Reading »

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Nordsee One Foundations Installation Complete

April 20, 2016

GeoSea, a part of DEME Group, has completed installation of all 54 foundations, including monopiles and transition pieces, for the 332 MW Nordsee One offshore wind project located in the North Sea. According to, Northland Power, one of the owners of the project with 85% interest, the foundations are up to 70 meters tall, and each one… Continue Reading »

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Denmark Issues 16 Oil, Gas Licenses

April 8, 2016

Denmark on Wednesday issued 16 oil and gas exploration licenses in the North Sea, just days after A.P. Moller-Maersk threatened to shut down the country’s main gas field. The licenses were awarded to Danish and international players including Dong Energy, Hess Denmark, Wintershall Noordzee, Nordsofonden and Edisson International, Denmark’s Ministry of Energy, Utilities and Climate… Continue Reading »

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Bibby Offshore in North Sea Decom Contract

April 6, 2016

Bibby Offshore has secured a contract with a North Sea operator, to deliver decommissioning operations in the Northern North Sea East Shetland Basin. The company will utilize one of its construction support vessels for the project, due to start in Q2 of 2016 and be completed by the end of 2016. Bibby Offshore will carry out remedial rock… Continue Reading »

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