UK/UKCS
News
October 02, 2023
UK-focused oil and gas producers were hit last year by the Energy Profits Levy, which added an extra 35% tax on profits from output of fossil fuels.
News
September 28, 2023
The contract covers the manufacturing and installation of subsea production systems, flexible and rigid pipe, and umbilicals, as well as connection to the host facility. The project will use pre-qualified equipment, which will accelerate the delivery schedule.
News
September 27, 2023
The fundamental reason for this decline is the lack of investment in new fields caused by the UK government’s new windfall taxes, which are now so high there is no cash left for new oil and natural gas production.
News
September 27, 2023
The Rosebank oil field is located around 130 km north-west of Shetland in approximately 1,100 m of water depth. Total recoverable resources are estimated at around 300 MMboe, with Phase 1 targeting estimated 245 MMboe.
News
September 26, 2023
The Excellence in Decommissioning Awards recognize companies that have performed to an exceptional level within the offshore decommissioning industry.
News
September 22, 2023
The GLA is made up of the Laggan, Tormore, Edradour and Glenlivet gas fields, as well as the undeveloped Glendronach site. Production is forecast at less than 25,000 boed this year, according to a presentation by Kistos from 2022.
News
September 21, 2023
The North Sea exploration company is working with Citigroup Inc. to study a range of strategic options, according to the people, who asked not to be identified discussing confidential information.
News
September 20, 2023
While much of the focus remains on consumer measures, the leading representative body for the sector, Offshore Energies UK (OEUK), said an enduring consensus is needed across parties if it is to unlock $213.22 billion of company investment in oil, gas, wind, hydrogen and carbon capture over the next decade.
News
September 12, 2023
OEUK Sustainability and Policy Director, Mike Tholen, said, “Every new project approved in UK waters will help us manage our reliance on imported energy as North Sea production declines and renewables ramp up - providing a strong basis for us to build a homegrown energy future in the UK, for the UK."
News
September 12, 2023
The acquisition will provide Ithaca Energy with full control over the progression of the future development of Cambo, the second largest undeveloped oil and gas discovery in the UK North Sea.
News
September 06, 2023
The report pinpoints the actions policymakers must take in partnership with business to get this investment moving and tackle the energy challenges facing the nation and its households.
News
September 05, 2023
Last year’s estimated 3% reduction contributed to a 23% drop in greenhouse gas emissions between 2018 and 2022, according to the latest Emissions Monitoring Report from the North Sea Transition Authority (NSTA).
News
September 04, 2023
Under this new agreement, Wood will provide engineering, procurement and construction (EPC) and operations and maintenance (O&M) services, including digital and decarbonization solutions, for a number of Harbour’s offshore assets critical to UK energy security.
News
August 31, 2023
"We look forward to working with the new Secretary of State and her team to build on the progress the sector has already made to deliver energy security from the North Sea, underpinned by the North Sea Transition Deal," said OEUK.
News
August 21, 2023
Perenco SA, Ithaca Energy Plc and newcomer Viaro Energy Ltd. have bid for a package of UK assets that includes the Leman Alpha hub, the Clipper field and the Bacton gas terminal, the people said, asking not to be identified discussing private information.
News
August 15, 2023
The Camelot license’s annual storage potential is up to 6 million tonnes and provides a significant and valuable contribution to the CO2 abatement potential in the UK.
News
August 10, 2023
Through a five-year framework agreement, Wood will apply digital solutions to transform National Gas infrastructure to modern, cyber-secure technology across their entire network of critical assets across Britain.
News
August 01, 2023
Offshore Energies UK, the leading trade association for energy firms from oil and gas to carbon capture, offshore wind and hydrogen, has greeted the government’s commitment to the 33rd licensing round and its carbon capture announcements as important steps forward for long-term energy security and jobs.
News
July 31, 2023
The government said the first new permits in the current licensing round will be issued in the autumn, with over 100 expected in total. It also suggested a commitment to future licensing rounds — though that would hinge on Sunak’s party holding onto power in a general election expected in 2024.
News
July 28, 2023
The assets are “a key part of our portfolio,” along with the energy supplier’s stakes in Britain’s nuclear power stations, Chief Executive Officer Chris O’Shea told reporters Thursday. It’s a turnaround from 2019, when Centrica said it would exit oil and gas production for good — which it did in Norway, but not in Britain.
News
July 27, 2023
Upon entering the reservoir, Ithaca Energy, acting as the operator, discovered that hydrocarbons were present in the reservoir in the Forties member sandstones, with 45 ft of net thickness.
