NSTA plan will see North Sea platforms shut early, operators warn
North Sea operators have raised “serious concerns” over a new plan from the NSTA regulator, warning that shutdown of UK platforms could be “dramatically accelerated”.
Electrification
New NSTA electrification plans matter of ‘huge concern’ for operators
New proposals by the UK North Sea regulator on emissions and electrification are likely to impact future exploration and decommissioning plans across the basin, according to analysts.
Cerulean: Regulator to crack electrification whip as NSTD targets loom
In spite of the multiple pressures facing the North Sea, or possibly because of them, the need to decarbonise oil and gas production remains paramount.
North Sea emissions down but tough decisions linger on targets
Decisions need to be made on major capital projects like electrification to meet 2030 targets.
NSTA proposes new plan amid concerns electrification goals will be missed
The UK’s offshore regulator is consulting on new plans to drive upstream electrification, warning producers that failure to invest could affect its granting of future consents.
Equinor ‘not tone deaf’ to emissions debate on Rosebank
Meanwhile 2030 "is the earliest time" electrification could be achieved - years after first oil.
Rosebank oilfield approved by UK regulator
Equinor has taken a final investment decision with partner Ithaca Energy.
Captain electrification: Grid connection is ‘biggest challenge’ says Ithaca
Proximity to shore playing in favour of project to cut 100,000 tonnes of CO2 per year.
The Fateful Eight: Can the North Sea reach its 2030 electrification target?
Expectations for North Sea platform electrification are high - but with the clock ticking, questions persist over the cost and feasibility of plugging in aging assets.
West of Shetland operators look to source electrification from shore
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.
Oil giants target December 2028 for North Sea electrification scheme
Details on new infrastructure and Aberdeenshire landfall locations for emissions-busting project at Harbour Energy, BP, TotalEnergies and Shell platforms.
Oil, gas and wind must push government on electrification opportunity
Electrification of oil and gas platforms not only supports lower carbon emissions offshore, but it also has huge potential to deliver energy security through power back to the UK grid, writes Flotation Energy's Barry MacLeod.
Green MP says Rosebank electrification via Shetland windfarm would reduce energy security
The Green Party MP Caroline Lucas has claimed the electrification of the proposed Rosebank oil field from the Viking windfarm would harm energy security.
Westood says ‘only a few platforms will benefit’ from INTOG
Westwood Global Energy Group recently compared the net zero journeys of Norway and the UK, indicating that INTOG might be too slow to electrify the North Sea.
Oilfield’s electrification will remove emissions of 65,000 UK cars, says Ithaca Energy
Ithaca Energy is using electrification to cut emissions at Captain while also using plastic polymers to boost oil recovery.
Looking for a connection: Will the North Sea hit its 2030 emissions target?
Despite the ups and downs of the energy transition, it’s likely North Sea oil and gas production will be with us even in a net-zero 2050.
‘Is there a bigger growth opportunity for the UK?’: NSTA on £200bn North Sea investment target
Stuart Payne, CEO of the NSTA, talks North Sea investment, whether electrification will hit the emissions mark, and inspiration from Teddy Roosevelt.
Cnooc builds its first floating turbine to power oil operations
Chinese oil group Cnooc has successfully built its first floating wind turbine, which will be used to power oil and gas operations.
Appetite for investment: Equinor boss says Suncor deal shows ‘commitment to the UK’
Concerns around the windfall tax may see some companies look beyond the UK for M&A deals – but not Norway’s Equinor (OSLO: EQNR).
Equinor hands out £650m contract for major electrification project
The Snohvit Future project consists of two developments, and will cut emissions and extend the life of the namesake gas field.
Fears windfall tax subsidy could distort North Sea electrification process
Concerns have been raised about the unintended consequences of the UK Government’s subsidy for electrifying oil and gas platforms.
FIDs predicted in 2023 for large untapped UK oil and gas fields
Investment decisions could be on the way for Perth, Bentley and Bressay in the North Sea, alongside West of Shetland giants.
Ping Petroleum presses ahead with ‘pioneering’ Avalon oilfield in UK North Sea
Ping Petroleum is pressing ahead with plans to develop the Avalon field in the UK North Sea, hailed by bosses as a “pioneering scheme” to slash production emissions from oil and gas.
‘Please clarify’: Regulator questions Equinor over £8bn Rosebank oilfield emissions
Equinor has been pushed for answers on the emissions profile of its £8bn Rosebank project planned for the West of Shetland.
West of Shetland oilfields due for $500m value bump from electrification
BP (LON: BP), Ithaca Energy (LON: ITH) and Equinor (OSLO: EQNR) will see the valuations of their West of Shetland oilfields increase by half a billion dollars after electrification, according to analysis.