US and UK Firms Drill Into $2BN North Sea Deal - Law.com

May 30, 2019 · News US and UK Firms Drill Into $2BN North Sea Deal The deal sees U.S. oil giant Chevron pull out of the North Sea, with Aberdeen-based Ithaca expanding its exploration …

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US And UK Firms Drill Into $2BN North Sea Deal - Law.com

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May 30, 2019 · News US and UK Firms Drill Into $2BN North Sea Deal The deal sees U.S. oil giant Chevron pull out of the North Sea, with Aberdeen-based Ithaca expanding its exploration …

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Chevron To Become Second Firm To Pull Out Of North Sea …

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May 30, 2019 · Chevron is set to become the second major oil firm in six weeks to pull out of exploration and production in the North Sea after agreeing the sale of its assets for $2bn …

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Updated: Chrysaor To Buy ConocoPhillips’ North Sea Assets In …

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Apr 18, 2019 · Chrysaor has agreed to buy US operator ConocoPhillips’ North Sea assets in a £2billion deal. The firm said the acquisition makes Chrysaor the largest net producer in the UK.

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Israeli Oil Firm Underlines Faith In North Sea After $2bn Expansion ...

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Nov 12, 2019 · North Sea industry leaders hope transfers of ownership could encourage investment in the area. Oil and gas firms slashed investment off the UK in response to the …

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Cairn Agrees £400m Bid For North Sea Explorer - Financial Times

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Jun 13, 2012 · The proposed deal would take Cairn’s investment in North Sea oil assets in recent months to more than $1bn and is the second attempt by the UK oil group to reorganise its …

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UK Government To Face Legal Challenge Over Support For Oil And …

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Jul 28, 2021 · “The government will now have to answer for why they have spent £3.2bn of public money on North Sea oil and gas companies since signing the Paris Agreement in 2015,” he …

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North Sea's Biggest Oil And Gas Producer, Harbour Energy Strikes …

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Dec 21, 2023 · The latest deal follows a couple of recent mega-mergers in the US oil and gas sector – Exxon Mobil’s $60bn (£47bn) deal for Pioneer Natural Resources and Chevron’s …

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UK Could Extract £10bn From North Sea Under Right Fiscal Regime

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Oct 23, 2024 · The UK could unlock up to £10 billion of North Sea oil and gas pre-tax value from existing assets under the right fiscal regime, a new report has found. Calendar An icon of a …

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FAQs about US and UK Firms Drill Into $2BN North Sea Deal - Law.com Coupon?

Will Labour end all new North Sea oil & gas licences?

Montrose Platform, North Sea, U.K. (Photo: Andrew Milligan) The U.K.'s recently elected Labour party government, which had pledged to end all new North Sea oil and gas exploration licences when it was in opposition, is coming to the realization that such a move may not be all that easy to execute in practice. ...

Will a Scottish Court uphold UK approval for North Sea oil & gas?

Shell and Equinor on Tuesday urged a Scottish court to uphold Britain's approval for the development of two vast North Sea oil and gas fields, as environmental campaigners attempted to block the projects. ...

Will a US oil company end North Sea operations by 2029?

Just last week, one US oil firm said it would end all North Sea operations by the end of 2029 because of high levels of taxation. Now, the eyes of climate campaigners, politicians, and oil companies alike are on Lord Ericht. ...

Will labour ban oil & gas drilling in the North Sea?

Unsurprisingly, the Labour party's proposed ban on new oil and gas drilling in the North Sea remains deeply unpopular with energy industry groups as well as labour unions. Any sudden move will also trigger a row for a government in its infancy. ...

Could a North Sea oil rig unlock £10 billion of pre-tax value?

An oil rig in the North Sea. The UK could unlock up to £10 billion of North Sea oil and gas pre-tax value from existing assets under the right fiscal regime, a new report has found. ...

Is Oceana taking legal action over oil & gas licences?

Oceana UK is taking legal action over 31 licences issued under Britain's previous government in May this year as part of the North Sea Transition Authority's latest oil and gas licensing round. ...