‘Diminishing hopper’ of big North Sea projects a leash on firms’ ability to offset tax hike
Westminster’s hopes of spurring North Sea spend in the coming years could be derailed by one fundamental issue: a lack of available projects.
Cygnus
Neptune told to review procedures after toxic gas released during North Sea drilling
Neptune Energy has been pushed to review its offshore procedures after a release of toxic gas during drilling operations earlier this year.
NZTC study finds ‘significant challenge’ in cost of North Sea electrification
A study by the Net Zero Technology Centre (NZTC) has found high capex costs remain a barrier to electrifying North Sea assets, but rising carbon taxes and net zero targets may yet spur development.
Neptune Energy begins work on 10th Cygnus gas well
Today Neptune Energy announced it has begun an infill drilling campaign at its operated Cygnus gas field that has enough potential to unlock enough gas to heat an additional 200,000 UK homes per year from this winter.
Neptune Energy prepare for milestone tenth well at Cygnus
Yesterday Neptune Energy shared its 2022 H1 results, announcing drilling had commenced on the tenth well on the Cygnus field and reporting pre-tax profits of £1.18 billion.
Neptune awards £10m vessel services contract for Cygnus field
Neptune Energy announced today it has awarded a £10 million three-year vessel services contract to Sentinel Marine, to provide offshore support for its operated Cygnus gas field in the North Sea.
UK Government to relax gas quality rules to boost North Sea supply
Kwasi Kwarteng is looking at relaxing gas quality rules for UK pipelines so North Sea supply can help beat the energy crisis.
The Not-So-Dirty Dozen: Key North Sea hubs still producing in 2032
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.
Neptune Energy more than trebles year-on-year Q1 profits
North Sea operator Neptune Energy almost quadrupled its quarterly takings year-on-year, driven by a resurgence in oil and gas.
Electrification will prove ‘beyond all doubt’ North Sea can produce oil cleanly, says regulator
Electrification efforts will prove “beyond all doubt” that the North Sea can produce oil and gas in a climate-compatible way, the regulator has claimed.
Neptune Energy to splash out over £800m to support UK energy security
Neptune Energy has announced today it will spend more than $1 billion (£810 million) to help shore up the UK’s energy supplies.
Neptune to double gas output from Duva field
Neptune Energy will double gas production from the Duva field in the Norwegian sector of the North Sea, as local authorities look to boost supplies to the UK and Europe.
Energy Security Strategy provides much-needed confidence for North Sea investment
The UK government has shared its long-delayed Energy Security Strategy, and it provides the signal North Sea investors needed. The UK Continental Shelf can once again be an attractive investment destination.
Video: Flying out to work on a North Sea platform
It’s not the regular rush hour commute for workers heading out to production platforms in the North Sea.
Spirit Energy halts plans for Pegasus West
Spirit Energy will not carry its Pegasus West development forward to a final investment decision (FID), the operator has confirmed.
Neptune Energy dishes out £3m worth of contracts for Cygnus
Neptune Energy has announced a series of contract awards to support its key southern North Sea gas field.
Neptune Energy: Cutting the mileage to slash emissions
The oil and gas industry has an essential role in supporting the UK Government’s ambitious plans for the transition to net zero.
Raise a glass – Thousands to spend Christmas day offshore keeping the nation fed and warm
People are being encouraged to “spare a thought” for the thousands of offshore workers spending the holidays away from their families in order to keep the UK running.
Neptune Energy awards Petrofac two-year extension for work on Cygnus
Energy services giant Petrofac has secured a contract extension with Neptune Energy for work on the Cygnus field.
Neptune ‘reviewing options’ on DepHYnus CCS–hydrogen scheme after government snub
Neptune Energy has said it remains committed to the DelpHYnus project, a blue hydrogen and CCS scheme on England’s east coast, after missing out on UK Government selection.
Neptune Energy namechecked by the UN for efforts to curb methane emissions
Neptune Energy has been commended for its efforts to tackle the environmental impact of its operations.
Spirit Energy hits milestone for Pegasus West sanction
Having resolved issues with partner Neptune Energy, Spirit Energy has handed in an environmental impact assessment (EIA) for proposed new drilling at the Pegasus West discovery.
Valaris creates virtual tour of oil rig
Valaris has created a virtual tour of an oil rig operating in the Gulf of Mexico.
Future North Sea: ‘Hard truths’ on the path to net zero
There are “hard truths” facing the future of the North Sea and the global oil and gas industry on the way to net zero, a key industry event has heard.
Neptune Energy begins ‘Walk to Work’ campaign at Cygnus offshore platform
Neptune Energy has announced the start of its first ‘walk to work’ campaign at the Cygnus field in the North Sea.