Blow to decommissioning development as MoD rejects plea for help with Lyness oil spill
Plans to redevelop an Orcadian port have been dealt a major blow after the Ministry of Defence (MoD) rejected calls for help with a decades-old navy oil spill.
North Sea
Neptune eyes 110,000 barrels per day boost from new projects
New projects will raise production at private-equity-backed Neptune Energy by 110,000 barrels of oil equivalent (boe) per day in the next two years.
Siccar Point sale attracts bids of up to $2bn – report
Bids to buy North Sea producer Siccar Point Energy have come in at between $1.2bn and nearly $2bn, according to a news report.
Greenpeace call Tory manifesto ‘half-baked’ over lack of action on North Sea oil
Greenpeace UK has criticised the Conservative Party's latest manifesto, calling it "half-baked" over its lack of action on North Sea oil and other polluting sectors.
Equinor’s new grade of North Sea crude popular in Asian oil market
A new grade of North Sea crude produced by Norwegian energy giant Equinor is seeping into the Asian oil market at pace, reports suggest.
Corallian targets 2020 IPO and plans farm-out of North Sea prospects
Corallian Energy has announced plans for an initial public offering (IPO) next year and that it will begin a farm-out process for two North Sea prospects.
Hibiscus opts to develop North Sea cluster with FPSO
Malaysian firm Hibiscus Petroleum has opted to use a floating production, storage and offloading vessel (FPSO) to develop a number of assets in the UK North Sea.
Labour’s oil tax plans: ‘Quite misguided’ and ‘the worst possible signal’
A prominent petro-economist has labelled the Labour Party’s plans to impose an £11 billion “windfall tax” on the oil and gas industry “misguided”.
Labour accused of ‘taxing Aberdeen’ after committing to £11bn oil and gas charge
Jeremy Corbyn has been accused of endangering the future of the oil and gas industry and imposing a “tax on Aberdeen” after Labour unveiled plans to charge the sector £11billion to “pay the cost of the climate emergency”.
Energy consultancy fortifies Aberdeen well management team
An Aberdeen-based energy consultancy has strengthened its well management team following a number of major contract wins for the firm.
EnQuest predicts production jump despite North Sea shutdowns
Oil firm EnQuest said today that production should grow by about a fifth this year despite having to shut down two of its North Sea fields.
Private-equity backed terminal operator buys Aberdeenshire project manager
The firm which operates and maintains the St Fergus gas terminal in Aberdeenshire has bought an oil and gas project management company based in Newmachar.
North Sea FPSO deal part of £93m new transportation contracts for Boskalis
Dutch dredging and heavylift firm Boskalis has announced a clutch of new contracts worth £93m, including a transportation deal for a new North Sea FPSO.
EnQuest’s Thistle platform to undergo repairs early next year
A North Sea platform that had to be evacuated following a subsea inspection will undergo repair work early next year.
Private capital from afar to play greater role in North Sea growth as sentiment darkens
The UK North Sea will welcome more cash from overseas to bridge the gap left by traditional investors who are turning their backs on oil and gas, a new report said.
Beaching of UK North Sea vessel in Bangladesh ruled as illegal
A court has ruled it was illegal for a UK North Sea production vessel to be imported, beached and broken down on a notorious beach in Bangladesh.
More supply chain bankruptcies on the cards if the ‘squeeze’ continues, report says
More oilfield service companies could go to the wall if operators continue to “squeeze” the supply chain financially, PwC and OGUK’s report said.
North Sea can be energy transition front-runner, report says
The UK North Sea has the tools to be a front-runner in the energy transition, a new report said.
CGG announces largest subsea survey will take place in UK North Sea
French geoscience firm CGG has announced its largest ever seafloor survey is due to take place in the UK's central North Sea.
Updated: Passengers safe after North Sea copter makes emergency landing
A North Sea helicopter made an emergency landing in Aberdeen on Monday evening due to a technical fault.
Hurricane Energy to begin testing at Warwick West
Hurricane Energy has announced it will begin testing on its Warwick West well today.
Equinor expecting first oil from UK-Norway field ‘within a couple of weeks’
Norwegian energy major Equinor has said it expects production from its Barnacle field “within a couple of weeks” as it presses ahead with its UK-Norway cross-border plans.
NHV takes delivery of new H175 helicopter in Aberdeen
Helicopter operator NHV has celebrated delivery of a new aircraft for its Aberdeen base following some key contract wins.
‘Inspirational’ Shell-sponsored Aberdeen event focuses on diverse workforce
More than 200 industry professionals attended an "inspirational" Shell-sponsored event focused on creating a diverse offshore workforce on Friday.
North Sea’s ‘King Midas’ focused on driving Parkmead up the value curve
Energy firm Parkmead Group will inevitably show up on the radars of prospective buyers if its current growth trajectory continues, its boss said yesterday.