UK/UKCS
News
October 21, 2020
After a slow start to the year as the coronavirus crisis disrupted plans across the industry, asset-sale activity in the North Sea has picked up in the second half.
News
October 16, 2020
Enpro’s patented technology enabled the safe access and removal of ‘attic’ oil from concrete storage cells at the base of the Brent Bravo platform in 140m water depth. The system, which on previous campaigns had been deployed direct from platform topsides, was this time deployed from a DeepOcean construction vessel, leading to a significant reduction in operating days per cell.
News
October 09, 2020
The settlement will restore production at six fields already shut down by the dispute and prevent an escalation to another six over the weekend. Those facilities pump about 130,000 barrels of crude oil and 43 million cubic meters of gas a day.
News
October 06, 2020
Boris Johnson’s plan to quadruple the size of the UK offshore wind industry will require $58 billion of investment and careful management of what’s a tricky building process in some of the world’s roughest waters.
News
October 06, 2020
The deal marks the end of the road for one of the oldest independent oil explorers. After years laboring under a mountain of debt Premier has bowed to pressure from creditors, with CEO Tony Durrant abandoning his plan to acquire some of BP’s North Sea assets and agreeing to step down.
News
September 25, 2020
The leading representative for the UK’s offshore oil and gas industry has initially welcomed the winter economy plans announced by the Chancellor, noting it will seek further information on the details of the proposals in the coming days.
News
September 25, 2020
CGG announced completion of the first phase of its multi-year program to deliver the largest OBN multi-client survey ever acquired in the UK Central North Sea and immediate commencement of the second acquisition phase.
News
September 22, 2020
The North East Network & Industrial Cluster development project will deliver a comprehensive and practical roadmap that enables existing and future gas networks to help meet national net-zero 2045 decarbonization targets, and the ultimate goal of providing 100% hydrogen from renewable sources.
News
September 22, 2020
Exxon Mobil’s UK North Sea assets have attracted suitors from state-owned companies to private equity-backed firms as the U.S. oil giant seeks to exit the aging region altogether, according to people with knowledge of the matter.
News
September 15, 2020
Premier Oil Plc and Chrysaor Holdings Ltd. have held preliminary talks about a potential deal that would bring together two of the largest UK oil and gas producers, according to people with knowledge of the matter.
News
September 14, 2020
The OIl & Gas Authority believes that maximizing the economic recovery of the UK’s remaining oil and gas need not be in conflict with the energy transition, and that the industry has the skills, technology and capital to help unlock the solutions required to help the UK achieve net zero.
News
September 04, 2020
The leading representative body for the UK’s offshore oil and gas industry has embraced a UK government review into future licensing rounds as an opportunity to shine a light on how the sector is changing to support the country’s climate ambitions while still ensuring it contributes to the UK’s ongoing security of energy supply.
News
September 02, 2020
Aberdeen-headquartered Unity has been awarded a three-year contract extension, by a UK oil and gas operator, to continue its work on three northern North Sea platforms. The contract, worth an annual six figure sum, has two additional one-year extension options.
News
August 27, 2020
CGG announced the commencement of a new multi-client 3D survey in the Northern North Sea. The survey will provide a second azimuth over CGG’s existing Northern Viking Graben (NVG) multi-client 3D survey and extend into open acreage on offer in the UK 32nd License Round.
News
August 19, 2020
Neptune Energy announced a new partnership with 3D technology specialist, Eserv, as part of the ongoing digitalization of Neptune’s assets including its operated Cygnus gas platform in the UK southern North Sea.
News
August 06, 2020
Petrofac has signed a Memorandum of Understanding with independent clean energy champion, Storegga Geotechnologies. The agreement builds new energy capability and capacity in the UK and represents a significant strategic step in Petrofac’s continued expansion into new and renewable energy.
News
August 06, 2020
OGUK is also discussing a transformational sector deal with the UK government, which will also set out how the UK’s oil and gas industry will play its part in supporting a green recovery that attracts investment, jobs and supports the supply chain.
News
August 03, 2020
The transaction consists of a material, cash generative portfolio of assets in four producing areas of the UK North Sea, with an average 2019 production of approximately 23,000 boepd and substantial development upside.
News
August 03, 2020
North Sea oil workers are staying offshore for as long as three weeks at a time, potentially increasing the risks of an already dangerous operating environment, according to unions.
News
July 29, 2020
Corporate energy consumption was down 40% at the peak of the Covid-19 crisis but the latest figures (to 21st July) are only 8% below the level they were just prior to lockdown. There has been a sharp rise in the past two weeks as restrictions have relaxed and more people have returned to work.
News
July 22, 2020
The UK oil and gas industry says blanket testing of its workers is essential to avoid Covid-19 outbreaks offshore, but the authorities have so far refused to provide the means to do so.
