UK/UKCS
News
March 26, 2024
Right across the UK, the existing oil and gas supply chain already has 60%-80% of the capabilities needed to develop these new energy technologies. But current policy and political rhetoric present serious challenges to these firms’ ambitions to scale up and seize these opportunities.
News
March 12, 2024
Perenco UK announced a decommissioning milestone with the successful completion of the plug & abandonment of three subsea wells at the Gawain field in the UK Southern North Sea, including the removal of the associated subsea infrastructure.
News
March 11, 2024
NEO Energy is one of a handful of newcomers to the UK North Sea that in recent years has swept up oil and gas assets, in particular those from majors who have left the aging basin to pursue higher returns elsewhere.
News
March 07, 2024
The Chancellor’s plan to continue the tax undermines OEUK’s manifesto proposals for a homegrown energy transition intended to boost domestic energy investment and drive the shift to greater production of wind and hydrogen energy, alongside the introduction of large-scale UK carbon capture and storage facilities.
News
March 06, 2024
The windfall tax has been heavily criticized by the North Sea oil and gas producers for disproportionately impacting smaller companies. While Russia’s war in Ukraine help push up profits for energy giants such as bp Plc and Shell Plc, the bulk of those earnings come from operations outside of the UK and therefore aren’t taxed in Britain.
News
March 05, 2024
During Q4 2023, the deviated well 42/30-C06 was drilled and completed with the Valaris-247 rig in 48 m water depth, delivering an estimated reserve addition of around 20 Bcf to 40 Bcf from a previously undrilled block at the North-Eastern edge of the Ravenspurn South field.
News
February 26, 2024
The transaction allows Serica the option to participate in the re-development of the Buchan field (formally re-named “Buchan Horst”) and other potential projects in the GBA, such as the development of the J2 and Verbier discoveries.
News
February 15, 2024
Ithaca reported an estimated 2023 net Rosebank capital spend of $97 million, in line with management guidance of $90 - $110 million. This reflects the meaningful activity in 2023 as project activity ramps up to support a targeted first oil date in 2026/27.
News
February 09, 2024
The UK’s offshore energy industry has warned 42,000 jobs and £26billion of economic value would be wiped out under new Labour proposals to extend the windfall tax on UK oil and gas producers.
News
February 06, 2024
The Feb. 1 “equipment incident” involved the Ocean GreatWhite drilling rig about 125 miles (200 kilometers) west of the Shetland Islands, the company said in a U.S. filing on Monday. BP is leasing the vessel through at least August. Diamond Offshore describes it on its website as “one of the world’s largest ultra-deepwater harsh environment semisubmersible” rigs.
News
January 23, 2024
The contract will see Aquaterra Energy deliver a comprehensive range of offshore analysis services, including riser and conductor analysis for jack-ups and semi-submersibles, plus integrity management, decommissioning and late life analysis.
News
January 17, 2024
The Victory field is expected to produce around 150 MMcfgd (approximately 25,000 boed). Most of the field’s recoverable gas is expected to be extracted by the end of the decade.
News
January 10, 2024
Wood’s Operations business will deliver engineering, procurement, construction and commissioning (EPCC) services to enhance the central processing facility of bp’s Eastern Trough Area Project (ETAP) production hub in the central North Sea.
News
January 09, 2024
The Catcher area produces from 20 subsea wells from the Catcher, Varadero and Burgman fields. The wells are a combination of water injection and production wells, which are tied-back to the BW Catcher FPSO.
News
December 22, 2023
The so-called Extended Continental Shelf covers about 1 million square kilometers (386,100 square miles), predominantly in the Arctic and Bering Sea, an area of increasing strategic importance where Canada and Russia also have claims.
News
December 18, 2023
Petrofac has secured an engineering, procurement, construction and commissioning (EPCC) framework agreement with TotalEnergies.
News
November 30, 2023
As part of a strategic review, Waldorf has “spoken to most of the independents in the UK about how we can get a better risk-adjusted return on our business,” he said during an investor update Thursday.
News
November 22, 2023
(WO) — Celebrating excellence in offshore decommissioning, the OEUK Awards announced the industry leaders on Nov. 21 during a grand gala at the annual Decommissioning Conference in St. Andrews.
News
November 21, 2023
(WO) — Shutting down obsolete North Sea energy installations is a business opportunity worth more than £20 billion ($25 billion) over the next decade, according to calculations by Offshore Energies UK (OEUK).
News
November 07, 2023
The proposed annual licensing rounds will only take place if two key tests are met that support the transition to net zero.
News
November 06, 2023
Legislation to be set out in the King’s Speech on Tuesday would require the North Sea Transition Authority regulator to invite applications to drill for fossil fuels in the North Sea each year, according to a statement issued by Sunak’s office.
