North Sea buyers wanted
The UKCS in particular has a pipeline of assets for sale. But who will the purchasers be?
“We got off to a really fast start at the beginning of this year. It has somewhat stagnated in the North Sea, but we still see plenty of opportunities in the pipeline.” So said Neivan Boroujerdi, principal analyst, North Sea upstream oil and gas at consultancy Wood Mackenzie, speaking at the Energy Voice Future North Sea conference in early September. Boroujerdi sees different types of actors that could be sellers of North Sea assets, including Asian players. “A good example of that is Japanese trading houses really changing their approach to upstream in light of net CO₂ targets,” he says. While ExxonMobil, Chevron, TotalEnergies, BP and Shell have all sold North Sea assets in recent years,

Also in this section
2 June 2025
More than anything else, weak Chinese gas demand is providing relief to EU consumers, but it is uncertain how long this relief will last
30 May 2025
Energy majors argue transition debate has started to factor in the complexities of demand shifts and the wider role for gas
29 May 2025
Sovereignty is the watchword for the new government, but there are still upstream opportunities for those willing to work closely with the state
29 May 2025
A cautious approach to coal-to-gas switching offers lessons to others who are looking to balance cost with cleaner energy