There are several hubs around the North Sea which will still be producing in a decade’s time – but 12 of these will be “key” thanks to their production upsides and emissions intensity, according to new research.
West of Shetland
BP has announced plans to invest £18 billion in the UK energy system by 2030, with the North Sea at its heart, days after calls were once again raised for an oil and gas windfall tax.
Hurricane Energy has predicted that the end of its flagship Lancaster field’s production life will arrive at around the end of 2023.
Siccar Point Energy has enjoyed a $359 million boost thanks to its holding in the BP Schiehallion field in the West of Shetland.
Hurricane Energy (LON: HUR) expects to get some extra barrels out of its flagship Lancaster field, as set out in a new competent person’s report.
Work for a trio of giant floating wind projects off the coast of Scotland have gone to the UAE fabricator Lamprell, sparking outcry.
The chairman of Ithaca Energy, soon to be the new operator of the controversial Cambo oilfield, has said the firm wants open dialogue with environmentalists and other parties on its future.
Equinor has confirmed the sanction date for the Rosebank project in the West of Shetland has been pushed back to next year, after Ithaca Energy made the claim last night.
Ithaca Energy has struck a deal to buy Siccar Point Energy, operator of the controversial Cambo project, for just shy of $1.5 billion.
Scotland’s First Minister has been described as a threat to energy security after she reiterated her opposition to a controversial North Sea oilfield.
Securing an extension to the Cambo licenses affords Siccar Point Energy time to find the right partner to progress the project.
Siccar Point Energy and Shell have been granted a two-year extension to the licences for the Cambo oil field, paving a potential future for the project.
BP is seeking to sell its beleaguered Foinaven field in the west of Shetland, according to a news report.
Industry leaders have been debating as news emerges that Shell is reconsidering its exit of the Cambo oilfield.
Shell has said it is working with Siccar Point Energy and the UK Government to “map out the next steps” on the Cambo project.
Equinor has put pen to paper on a contract with Altera Infrastructure to use the Knarr FPSO at the Rosebank field in the West of Shetland.
TotalEnergies has agreed to sell a 20% stake in a package of West of Shetland assets to Kistos Energy in a deal worth more than $165 million (£123 million).
The North Sea is one of just a handful of regions “falling behind” as offshore oil and gas investment returns to pre-pandemic levels around the world.
BP has handed in the decommissioning plan for the Foinaven FPSO in the West of Shetland following a flurry of HSE issues.
Equinor has said it will provide an update on the concept for the Rosebank project in the West of Shetland later this year.
Plans have been submitted to the UK Government to develop the Victory gas discovery in the West of Shetland.
Hurricane Energy (LON: HUR) has said "no further action is necessary" having completed a review into its failed restructuring plan earlier this year.
BP has agreed to acquire the stakes of Viaro Energy in the beleaguered Foinaven field in the west of Shetland.
Siccar Point Energy has said it is "pausing" the Cambo oil project in the West of Shetland after Shell decided to pull out of the controversial development.