Neptune Energy’s new digital twins reduce costs, save time
Neptune Energy today announced the digitisation of five of its operated offshore platforms in the Dutch, Norwegian and UK North Sea.
Cygnus
Neptune overcomes production drop to boost profits by two-thirds
Higher oil and gas prices, tax refunds and “tight cost control” helped Neptune Energy overcome a drop in production to lift its profits by two-thirds in the first quarter.
Neptune and Spirit patch up differences with deal for Pegasus discovery
Oil and gas firms Neptune Energy and Spirit Energy have patched up their differences over the Pegasus West discovery in the southern North Sea.
Neptune will ‘absolutely go for it’ if opportunity knocks in hot North Sea market
A boss at Neptune Energy has suggested the firm is prepared to flex its muscles in an increasingly hot UK North Sea mergers and acquisitions (M&A) market.
Electrification among options in emissions-cutting study at Neptune’s Cygnus platform
Private-equity backed Neptune Energy has commissioned a study to review options for reducing the carbon intensity of its Cygnus platform, including electrification.
Drones to measure methane emissions on North Sea platform as part of scientific study
State-of-the-art drones are to be deployed on a North Sea platform as part of a scientific study to measure offshore oil and gas methane emissions.
Centrica restates intention to offload Spirit Energy
Utilities firm Centrica confirmed today that its "intention remains" to sell its 69% shareholding in exploration from production firm Spirit Energy.
Neptune Energy awards Cygnus contracts worth £4.8m
Neptune Energy has handed out contracts worth about £4.8 million to secure a range of services on its Cygnus gas platform in the southern North Sea.
‘You’re with your offshore family instead’ – what’s it like spending Christmas day at sea?
For many people up and the down the UK, restrictions on social gatherings will have meant a Christmas day unlike any other.
‘The next Cygnus’: Deltic Energy makes big claim ahead of North Sea farm-out
Deltic Energy believes it has “the next Cygnus” on its hands as it eyes a farm-out of a promising North Sea prospect in the coming months.
HALO gives up 45% stake in ‘increasingly uncertain’ Spirit Energy Pegasus project
HALO (Hague and London Oil) has given up its 45% stake in the Pegasus area, describing the Spirit Energy project as “increasingly uncertain”.
Concerns UK oil regulator ‘losing balance’ in net-zero push, Neptune chief says
The North Sea oil industry’s old guard is concerned that the sector’s regulator is “losing balance” as a result of its efforts to help government meet net-zero targets, a top boss has claimed.
VIDEO: Neptune Energy gives ‘digital walkthrough’ of Cygnus platform
Neptune Energy has released a video of a “digital walkthrough” of its Cygnus installation as part of a new partnership with technology specialist Eserv.
Neptune Energy awards Fugro multi-million pound Cygnus inspection contract
Neptune Energy has awarded a subsea inspection contract, understood to be worth around £2million, to Fugro at its Cygnus gas field.
‘Extraordinarily challenging headwinds’ hit Spirit’s bottom line
Spirit Energy plunged into the red in its second full year as an independent oil and gas business as impairments linked to lower commodity prices hit hard.
Neptune maps out ambitious carbon, methane emissions cuts
Oil and gas firm Neptune Energy has mapped out ambitious targets to cut its carbon and methane emissions.
No alarm over future for North Sea, oil boss says
Neptune Energy’s UK boss said on Tuesday that talk of the North Sea oil and gas industry being wiped out by a collapse in crude prices is premature.
Green electricity opportunity for Neptune’s Cygnus platform
Neptune’s Cygnus platform is in a prime location to have its emissions cut further by harnessing offshore wind energy, the firm’s UK North Sea interim boss has said.
OGA not yet exercised £1million sanctioning powers despite ‘internal debates’
Chief executive Andy Samuel has confirmed the Oil and Gas Authority has not yet needed to exercise its sanctioning powers despite ‘internal debates” on whether the regulator is being stringent enough.
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.
OGA lays out recommendations in capacity dispute between Spirit, Neptune
The UK oil industry's regulator has advised Spirit Energy to keep looking for alternative export routes for its Pegasus project after the path to its first choice was blocked.
Neptune Energy eyes new exploration to boost North Sea projects
Neptune Energy’s North Sea boss said yesterday he is excited by "growth potential” in the UK, with plans for new exploration to boost its projects.
Neptune profits up 15% with Seagull construction phase on horizon
Neptune Energy enjoyed a near-15% increase in group profits in a first half of 2019 marked by the sanctioning of a 50 million barrel North Sea project.
Size of Spirit Energy may limit potential buyers, says analyst
The size of Spirit Energy's operation will limit any potential buyers to well-funded firms, according to an analyst.
OGA intervenes on Spirit-Neptune dispute as North Sea gas project faces delay
The Oil and Gas Authority (OGA) has intervened in a commercial dispute between two operators which has led to the delay of a new North Sea project.