NEO Energy to buy JX Nippon UK assets in £1.2billion deal
NEO Energy is buying JX Nippon E&P UK, the British business of Japan's ENEOS holdings, for £1.2billion in the latest of a string of North Sea acquisitions.
North Sea
Parkmead takes £11million hit as it gives up on Platypus project
Parkmead Group has taken a £10.9million impairment after handing back the licences for the Platypus project in the North Sea.
EC-OG bulks up its board to support ‘crucial enabler of energy transition’
Subsea energy storage company EC-OG has appointed an experienced business leader to its board to help power the company’s growth.
GMB Union calls for decommissioning to support UK jobs
The GMB union has said that rigs must not be towed overseas to be broken up, pointing to UK decommissioning jobs as a “perfect opportunity” for the government’s levelling up agenda.
Ithaca submits Fionn and Causeway decommissioning plans
Ithaca Energy has submitted draft plans for the decommissioning of subsea infrastructure at the Fionn and Causeway fields as part of a joint campaign.
EnerMech secures three-year contract extension with Petrofac
EnerMech has confirmed a three-year extension to its equipment rental deal with Petrofac, taking the two companies’ working relationship beyond the ten-year mark.
VIDEO: Neptune completes Seagull umbilical installation
Neptune and its partners have completed installation of a subsea manifold and umbilical at the Seagull project, in the central North Sea.
Serica Energy achieves first production from long-awaited Columbus development
UK oil and gas firm Serica Energy (LON: SQZ) has announced first production from its 14 million barrel Columbus field.
Ponticelli and Semco Maritime table improved offer in bid to avert huge North Sea strikes
Planned North Sea strikes that would involve hundreds of workers could be avoided after an updated deal was tabled.
Neptune Energy owners weigh plans to sell $5billion gas explorer
Owners of Neptune Energy are weighing plans to sell the UK oil and gas explorer, according to people familiar with the matter.
‘Totally safe, no one went near it’: CNR International defends Ninian Northern controlled explosion
The managing director of CNR International UK has pointed to a controlled explosion at the Ninian Northern in Shetland, which raised safety concerns earlier this year, as a decommissioning “innovation”.
Ashtead Technology enjoys solid debut on AIM market
Ashtead Technology enjoyed a solid debut on the London Stock Exchange’s AIM market yesterday.
Aberdeen students’ CCS, subsea and solar studies win Energy Institute awards
The Energy Institute (EI) recently hosted its annual competition, recognising Aberdeen’s best MSc students for studies exploring elements of carbon capture, solar and subsea engineering.
Latecomers: The UK North Sea projects still aiming to start up in 2021
With Covid deferrals in 2020 having hit hard, 2021 was expected to herald the start-up of 10 new oil and gas fields in the UK North Sea.
OGUK: COP26 saw ‘uninformed noise’ directed towards oil and gas industry
The chief executive of Oil and Gas UK (OGUK) has hit back at what she described as a “simplified but really polarised debate” that the industry found itself at the heart of during the COP26 climate summit.
Craig International nets new orders worth more than £5m
Offshore procurement specialist Craig International, of Aberdeen, is to deliver two new contracts worth a total of more than £5 million through its fledgling Ecobuy service.
bp, EnQuest, Spirit offer decom data dashboard to give suppliers inside track
A new decommissioning data visibility project has been launched by the Oil and Gas Authority (OGA) to offer the supply chain greater visibility of future decommissioning work.
Deltic completes 3D seismic survey at key North Sea prospect
Deltic Energy (LON: DELT) has announced the completion of a 3D seismic survey at one of its key North Sea prospects.
Outlook for lift vessels ‘constrained’ as oil and gas vies with offshore wind
Oil & Gas UK (OGUK) has warned that the decommissioning market is increasingly interacting with that of offshore wind, increasing pressure on project timeframes and onshore yard space.
Exclusive: Brae Area partner defaults on decommissioning costs after buying stake for 75pence
A company which bought stakes in the Taqa-operated Brae Area for just 75pence last year has now defaulted on its decommissioning liability.
‘Business returning to its usual pace’ as £16.6bn to be spent on UK decommissioning by 2030
UK industry will spend £16.6 billion on decommissioning over the next decade as activity rebounds in the wake of the pandemic, according to Oil & Gas UK (OGUK).
Neptune Energy extends North Sea contract with Odfjell Drilling
Neptune Energy has extended a contract for Odfjell Drilling’s Deepsea Yantai drilling rig.
Alex Salmond says Sturgeon’s Cambo opposition will cost her ‘tens of thousands’ of votes
Alex Salmond has compared Nicola Sturgeon to Margaret Thatcher after she announced her opposition to the proposed Cambo oil field off Shetland.
Flagship IOG project back on track for first gas after repairs to damaged oil rig
Work is due to resume shortly on IOG’s (LON: IOG) flagship North Sea project after repairs were successfully carried out on an oil rig.
Retired offshore life rings become unlikely toys for Scottish SPCA dogs in Aberdeenshire
Rescue dogs in Aberdeenshire have been thrown a lifeline as the Scottish SPCA accept an unusual donation from North Sea offshore workers.