The North Sea still has potential for portfolio optimisation
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
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
