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Exxon puts pounds 200m North Sea oil assets up for sale
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EXXONMOBIL, the US oil giant, has launched a multi-million pound
sale of its stakes in several oil and gas fields in the Southern
North Sea. The company, which hopes to get more than pounds 200m for
the package, is the latest of the oil majors to review its assets in
the North Sea as production in the region starts to decline.
Exxon is selling its stakes in the Lancelot, Thames and Hewett
area fields, as well as the Hewett Bacton Gas Terminal. Analysts said
potential bidders for the ...
Related newspaper, magazine, and journal articles from HighBeam Research
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UK energy minister touts North Sea developments.(Brief Article)
Pipeline & Gas Journal
; Five new developments in the North Sea have boosted the U.K. government's faith in its efforts to bring new, operators into the sector and ensure that fallow fields are in the right hands, according to Energy Minister Brian Wilson. Wilson said: I welcome live new developments which confirm that we
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North Sea oil in new peril
Scotland on Sunday
; SCOTLAND'S North Sea oil industry, ravaged by tax increases and low exploration levels, is now in serious peril as the major firms plan to move production to the Gulf of Mexico and Africa. Aberdeen University's Professor Alec Kemp, a specialist in petroleum economics, says confidence in the
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North Sea fields top world list for new exploration
The Scotsman
; SCOTLAND'S North Sea oil fields are the world's hottest spot for new exploration in 2003, according to an industry report. Boosted by a raft of government initiatives aimed at bringing life back to ageing North Sea assets, data from research firm Robertson reveals that the UK is the country most
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North Sea production changes shape as big players offload their ageing assets
Scotland on Sunday
; LAST week BP sold its Forties oilfield to a US company, Apache, in a 1.3bn dollars deal and consigned another chapter of the history of the North Sea oil industry to the dustbin. Discovered in 1970, it was the first major find in the North Sea and within three years it was pumping 500,000 barrels
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NORTH SEA EMBRACES A NEW ERA
Scotland on Sunday
; ... Heriot-Watt University's Petroleum Engineering Institute, says the minnows are breathing new life into the region. "It's good news. New companies look at things in different ways, they keep the infrastructure going and they allow exploration to take place ...
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