Ithaca Energy’s chairman says the company could sanction the West of Shetland project on its own but would prefer to bring in partners ahead of any major decisions.
West of Shetland
Equinor (OSLO: EQNR) is looking to sell off a 20% share in Rosebank, making up a quarter of its existing stake in the UK's largest untapped oilfield.
The Athena team has been involved in the discovery of more than 10 billion barrels in the North Sea and West Africa.
"Market participants had written off Hurricane Energy as little more than an embarrassment"
BP confirmed it has started work on a long-mooted gas pipeline at the Sullom Voe terminal on Shetland.
BP has carried out its first 4D seismic survey of Clair Ridge, gathering data which will show how the reservoir has changed since initial readings in 2017.
From ‘angry and frustrated’ to ‘sense at last’: Shetlanders react to Rosebank oil field off their coast
Shetland has a long history of involvement in the North Sea oil and gas industry, and now the Rosebank oil field looks set to continue that history for decades to come.
Viaro Energy has outlined £500m spending plans in the UK sector, including new developments in the West of Shetland and Southern North Sea.
August update: K2, Leverett and Earn underway, and Norway takes off.
Ithaca Energy (LON: ITH) has paused its efforts to electrify assets in the West of Shetland, Energy Voice understands.
Other recent projects had a gap of two weeks.
The North Sea Transition Authority signed off on the ever-controversial Rosebank oil field this week and lit a tinderbox of political and environmental debate.
With Teal West and Victory expected to follow, Rosebank could be part of a 'bumper year' for UK FIDs in 2023.
Approval of the Rosebank oilfield is a “ray of light” for projecy partner Ithaca Energy, an analyst has said, after the firm was forced to take write downs of £58m linked to the windfall tax.
Equinor was asked that key question during a media briefing on the Rosebank oilfield on Wednesday.
Meanwhile 2030 "is the earliest time" electrification could be achieved - years after first oil.
TechnipFMC, Odfjell Drilling and Altera Infrastructure have been big contract winners at the Rosebank oilfield.
Equinor has taken a final investment decision with partner Ithaca Energy.
From Ithaca's Cambo to Shell's Victory, and everything in between…
Ithaca Energy CEO Alan Bruce discusses the farm-out, work on the Cambo FID and why the UK should be a bit more Norway. . .
The West of Shetland Electrification Project programme manager, Daniel Sprich, discussed plans to source power for three major developments from onshore at an NSTA seminar.
Equinor (OSLO: EQNR) is still on track to approve the Rosebank oilfield in the West of Shetland this year, the UK boss of Equinor has said.
“On Cambo, Shell has a 30% share and our understanding is they are progressing well - hopefully that sales process will end soon. That will allow us to continue the project towards FID.”
Environmental regulator OPRED has opened up a public consultation on the new project which sits 29 miles off Shetland.