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Aberdeen s NEO Energy to acquire Zennor Petroleum

© Supplied by Neo Energy Russell Alton, NEO Energy s chief executive officer Aberdeen’s NEO Energy has agreed to acquire rival UK North Sea exploration and production company Zennor Petroleum in a deal worth up to £450 million. The acquisition will provide the company with a portfolio of assets in the Central and Northern North Sea, centred around the Britannia and Eastern Trough Area Project (ETAP) production hubs. The transactions will see Neo Energy’s output raise from 30,000 to around 80,000 barrels of oil equivalent (boe) per day in 2021. Aberdeen and London-based Neo’s purchase of Zennor from Kerogen Capital will also add 40 million barrels of reserves and 90 million barrels of contingent resources to its portfolio.

Workers removed from BP North Sea platform after two unrelated Covid cases on board

© Supplied by BP Thank you for signing up to The Press and Journal newsletter. Something went wrong - please try again later. Sign Up More than a dozen workers have been removed from a North Sea installation after two separate cases of Covid-19 were detected on board. Oil and gas giant BP’s ETAP platform, around 100 miles east of Aberdeen, is the latest offshore facility to be hit by the virus in the last few weeks. It follows a recent spike in North Sea Covid cases, with operators Apache, Valaris, CNOOC, Ithaca and Premier Oil all affected last month. BP has now confirmed that a member of crew on ETAP, the East Trough Area Project, was evacuated after testing positive for Covid.

BP scales back exploration arm amid drive to slash emissions

BP scales back exploration arm amid drive to slash emissions January 25 2021, 1.36pm Chief executive Bernard Looney has set BP on a path to increase renewables, and reduce its dependence on fossil fuels (Aaron Chown/PA) Hundreds of staff have left BP’s arm which hunts for new oil and gas around the world, according to reports, as the company pushes towards a more renewable and green future. The UK-listed oil giant has cut its team of geologists, engineers and scientists to fewer than 100, down from over 700 just a few years ago, Reuters reported. It comes around a year after Bernard Looney took the top job at the oil producer, which started off digging for oil in the Middle East more than 100 years ago.

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