Western Europe
News
January 09, 2023
The government received 13 new field-development plans last year. Companies including Equinor ASA and Aker BP ASA rushed to take advantage of Covid-era tax breaks that expired at the end of December.
News
December 29, 2022
The oil and gas industry warns that the Energy Price Levy, which slaps a 35% rate on profits from North Sea producers, risks drying up investment in a sector that’s key to the country’s energy security even as it transitions away from fossil fuels to achieve climate goals.
News
December 29, 2022
The agreement will see the companies examine the potential to supply renewable electricity from Ørsted’s Hornsea offshore windfarm projects to power future Neptune-operated hubs in the UK North Sea.
News
December 28, 2022
Neptune Energy welcomed Equinor’s announcement of the start of production from the Njord field in the Norwegian Sea. This news follows a major upgrade of the platform and the floating storage and offloading vessel.
News
December 27, 2022
The combination of multisensor broadband fidelity and dual azimuth illumination provides clients with higher-quality data for their renewed exploration interest on the Norwegian continental shelf.
News
December 22, 2022
Britain’s wind farms produced nearly 74 terawatt hours so far this year, enough to power more than 19 million British homes, according to National Grid data. That exceeded the previous record of 68 terawatt hours set in 2020.
News
December 20, 2022
Cushaling Wind Farm incorporates the latest technologies and will mark the first use in the Irish market of the Vestas V162-6.2 MW EnVentus turbines. The turbines will maximize the local wind energy resource potential.
News
December 19, 2022
The partnership will submit a plan for development and operation to the Ministry of Petroleum and Energy before the end of December. They will recommend that the Berling field be developed as a subsea tieback to the Åsgard B platform some 12.43 miles away.
News
December 19, 2022
Ramping up projects such as wind farms at sea is set to play a key role if Europe is to reduce its dependence on natural gas and cut carbon emissions. The UK plans to increase capacity of offshore wind production fivefold to 50 gigawatts by the end of the decade.
News
December 16, 2022
The Asterion deal gives Repsol a 7.7-gigawatt portfolio in Spain, Italy and France. The assets comprise 4.9 gigawatts of photovoltaic solar and 2.8 gigawatts of wind generation — some still under construction.
News
December 16, 2022
Along with several measures to increase efficiency and recovery, these development projects will enable Aker BP's oil and gas production to grow from around 400,000bpd in 2022 to around 525,000bbl in 2028.
News
December 14, 2022
OEUK warned that the declining output from the UK’s existing fields meant continued exploration and financing were vital for the UK’s energy security. They also announced David Whitehouse as the new CEO.
News
December 08, 2022
Earlier this year, UK Chancellor Hunt increased a windfall tax on profits for the sector to 35%, from 25%, and extended it to 2028 to help subsidize energy bills that have soared on natural gas prices.
News
December 02, 2022
Neptune Energy and its license partners on Dec. 2 announced a new discovery at the Calypso exploration well (PL938) in the Norwegian Sea. Preliminary estimates are between 1 to 3.5 million standard cubic meters of recoverable oil equivalents, corresponding to 6 – 22 million barrels of oil equivalent.
News
November 30, 2022
Offshore Energies UK, the leading trade body for the UK’s offshore energy industry, has launched a report pinpointing key skills shortages that could put the transition to cleaner energies at risk.
News
November 30, 2022
Government and industry gathered on Nov. 30 to discuss energy security, the energy transition to net zero and challenges to maintaining investment in the North Sea during a forum hosted by industry regulator the North Sea Transition Authority (NSTA).
News
November 28, 2022
Perenco UK has signed a contract for a campaign of drilling operations using the Valaris 247 jack-up rig, the company announced on Monday.
News
November 27, 2022
Shell Plc is selling its stakes in a group of North Sea oil fields, according to Bloomberg News. The assets include minority stakes in two fields operated by BP Plc and an interest in a discovery field also operated by BP in the waters east of Scotland.
News
November 23, 2022
An investigation has been launched into an oil and gas company for flaring and venting in the North Sea without consent. The probe by the North Sea Transition Authority could result in action being taken, including a fine for the company or the relevant license being taken away.
News
November 23, 2022
Bumi Armada, international offshore energy facilities and services provider, has partnered with OPEX (an ERM Group Company) to drive down carbon emissions on its Armada Kraken FPSO facility, which serves the EnQuest-operated Kraken Field located in the northern North Sea.
News
November 22, 2022
Equinor ASA will lead the development of the Irpa gas discovery in the northern reaches of the Norwegian Sea to unlock an estimated 20 billion standard cubic meters of recoverable reserves, Norway’s Petroleum and Energy Ministry said in a statement on Tuesday.
