COSLPioneer arrives at Ettrick for decommissioning work
COSL’s semisubmersible oil rig COSLPioneer has arrived at CNOOC’s (TSX: CNU) Ettrick field to perform a five-well plug and abandonment campaign.
North Sea
North Sea Oil and Gas
Harding: Taqa faces decom conundrum with three-legged platform
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TAQA is looking for a solution to a big challenge in the removal and disposal of its three-legged Harding platform in the North Sea.
Vysus Group appoints new CEO in leadership restructure
Aberdeenshire-headquartered consultancy Vysus Group has appointed a new chief executive officer as part of a leadership restructure.
BP cuts executive leadership team down to ten
BP (LON:BP) has shuffled its executive management, cutting the leadership team from eleven position to ten and promoting two people in an organisational overhaul.
NSTA fines NEO Energy £100k for breaching venting consents
The North Sea Transition Authority (NSTA) has fined NEO Energy £100,000 breaching its combined vent consent for the Donan/Dumbarton, Lochranza and Balloch fields.
‘We were ready to go’: North Sea firm was ‘days away’ from issuing contracts when Labour announcement sparked job cuts
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The CEO of a North Sea gas company has said his team was “days away” from issuing key contracts when Labour’s promise of a “proper windfall tax” sparked job cuts.
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Equinor will pay £834m less in tax if Rosebank is approved, campaigners argue
An environmental group is claiming Equinor will pay millions of pounds less in tax if the North Sea Rosebank field gets the go ahead.
Suncor sells to Sval in Norway exit, UK deal in works
Sval Energi has signed an agreement to acquire Suncor Energy’s Norwegian business, as the Canadian group looks also to sell off its UK assets amid a pull back from the North Sea.
Up to 1,600 jobs expected from £8bn Rosebank megaproject
Equinor (OSLO:EQNR) has published economic analysis for its long-awaited Rosebank project, which sets out commitments to support thousands of UK jobs and invest billions of pounds in the local supply chain.
Shell North Sea gas prospect dubbed a ‘key’ well to watch by Westwood
A Shell (LON:SHEL) exploration target in the North Sea has been named among Westwood Global Energy Group’s ‘key wells to watch’ for the rest of 2022.
Equinor submits environmental statement for Rosebank field
Equinor (OSLO:EQNR) has submitted a key document in relation to the Rosebank development, allaying fears it was considering ditching the £8.1 billion project.
Energy price cap to be updated quarterly ahead of ‘challenging winter’
Ofgem has confirmed that the energy price cap will be updated quarterly, rather than every six months, as it warned that customers face a "very challenging winter ahead".
Hummingbird FPSO granted new mythic title ahead of journey to Avalon
Ping Petroleum has renamed the Hummingbird floating production storage and offload (FPSO) vessel “Excalibur” ahead of its planned redeployment at the Avalon field.
Teekay expects to wind down FPSO segment by year-end
Teekay is on course to bring its floating production, storage and offloading (FPSO) segment to a close by the end of 2022.
Aberdeen supply chain event to shine light on operators’ well P&A opportunities
Highlighting supply chain opportunities within the lucrative well decommissioning sector will be a key focus of an industry event, due to take place in Aberdeen later this month.
North Sea decom costs down by a quarter since 2017, but key target likely to be missed
A new report from the North Sea regulator says decommissioning costs have fallen by 25% since 2017, but COVID-19 and supply chain pressures have slowed progress towards its 35% goal.
UK offshore energy body launches search for new chief exec
Offshore Energies UK (OEUK) has launched its search to find a successor to executive Deirdre Michie, who steps down at the end of this year.
Liz Truss and Rishi Sunak invited to Aberdeen to explain North Sea oil and energy plans
The two candidates vying to become the next prime minister have been urged to listen to the voice of industry over the UK’s critical energy future.
Supply chain woes push back first gas from Tyra redevelopment
Delays in fabrication of a major process module have pushed back progress on the TotalEnergies-led redevelopment of the Tyra field off Denmark.
Orcadian executes Carra farm-out deal
Orcadian Energy (AIM:ORCA) has executed a formal agreement with Carrick Resources which will see the latter farm in to a 50% share of its Carra prospect in exchange for further seismic interpretation.
Safety fears flagged ahead of imminent strike on Foinaven FPSO
There are concerns for the safety of crew aboard the Foinaven floating production, storage and offloading (FPSO) ship ahead of planned strikes this week.
Ancala Midstream marks 30 years since start-up of SAGE pipeline system
Ancala Midstream, the operator of major North Sea infrastructure, is celebrating three decades of supplying gas to UK homes.
BP boss defends dividend hike, buybacks amid cost-of-living crisis
BP’s (LON:BP) chief executive has defended the company’s share buyback and dividend plans as campaigners criticised its record quarterly profits as "obscene".
Thompsons of Prudhoe inks two decom contracts with Spirit Energy
Thompsons of Prudhoe has secured contracts to help decommission a trio of North Sea assets, working in collaboration with Heerema and DeepOcean.
BP charts $800m windfall tax hit in bumper Q2 results
Oil giant BP (LON:BP) again reported bumper second-quarter profits, which ballooned to more than $8.4 billion, but estimates it will pay an extra $800 million by the end of 2025 in the wake of the UK’s windfall tax.
Cerulean, Ping sign deal to secure floating wind for Avalon
Cerulean Winds and Ping Petroleum UK have signed a new agreement that would create one of the UK’s first oil and gas facilities powered almost exclusively by offshore wind.
Ambassador eyes offshore wind team-ups between UK and Norway
Just as oil and gas has borne decades of partnerships between the UK and Norway, Britain's ambassador wants to see similar team-ups as offshore wind booms.
Norway has strategic value to Europe beyond oil and gas
In September 2014 and in the face of mounting uncertainty over Russian gas supplies continuing to be available because of the then conflict over Ukraine, then European Energy Commissioner, Guenther Oettinger, suggested that Norway could play a fundamental role in shoring up EU energy supplies then and into the future.
Hibiscus preparing contracts for Teal West project
Hibiscus Petroleum (KLS: HIBISCS) is preparing a number of subsea contracts in relation to its Teal West project in the UK North Sea.
North Sea tax receipts now top £22m per day according to new research
North Sea offshore operators and licensees have been paying an average of £22.1million in tax per day since the start of the year, even before the so-called windfall tax comes into force, new figures have shown.
‘Oil Slicks’ group to protest outside Shell’s North Sea headquarters
A group of activists will demonstrate outside the gates of Shell’s North Sea headquarters in Aberdeen today.
