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BP sells some North Sea assets to Serica

UK's oil giant BP has agreed to sell a package of its interests in the Bruce field in the North Sea to Serica Energy in a deal worth about £300 million.

BP buys into two UK North Sea prospects

BP has announced that it has acquired interests in two North Sea exploration prospects, Jock Scott and Craster, which will both be drilled in 2017.

UK’s OGA receives funding for North Sea exploration

All the projects submitted will provide greater insight into the understanding of the Rockall Trough and Mid-North Sea High areas, while adding value to the evaluation of the 29th Offshore Licensing Round applications.

Wood Mackenzie axes $55 billion from North Sea Investment Forecast

Malcolm Dickson, principal analyst for Upstream Oil and Gas, Wood Mackenzie, says that companies operating in the North Sea must look to innovative solutions to reduce their production costs.

Premier Oil makes a find in UK North Sea

London-listed company Premier Oil has made an oil discovery at the Bagpuss well in the Outer Moray Firth of the UK North Sea.

Bibby Offshore awarded North Sea contract from Shell

Bibby Offshore has secured a contract with Shell for the first quarter of 2017 to install subsea pipes in the North Sea.

Aker BP-operated Ivar Aasen field in North Sea starts production

Ivar Aasen field in North Sea produced its first oil on schedule and the project being completed within the estimated budget, operator Aker BP said.

Shell to sell $3.8 bln worth of UK North Sea assets to Chrysaor

Shell said it has agreed to sell a package of UK North Sea assets to Chrysaor for a total of up to US$3.8 billion, as the Dutch oil giant looks to exit from multiple countries to cut costs and rebalance its portfolio.

African Petroleum brings in partner for Senegal, Gambia projects

Independent African Petroleum has signed a non-binding heads of terms and a binding exclusivity agreement with a listed oil and gas company to fund a deep-water drilling campaign off Senegal and Gambia.

BP sells North Sea pipeline Forties to Ineos for $250 mln

BP Plc agreed to sell the Forties pipeline, one of the most important pieces of oil infrastructure in the U.K. North Sea, to Ineos AG for US$250 million.