Industrial services giant Altrad has signed two long-term contracts with a major oil refinery on the east coast of England, worth an estimated £30 million.
Offshore wind developer Ørsted has completed a cable pull on the east coast of England for one of its major developments.
Independent well management firm Zenith Energy has achieved a drilling first for the firm by completing of a UK land well after being appointed operator late last year.
Egdon Resources, the UK-focused oil and gas company, reported a pretax loss of £2million, due largely to impairments on its Waddock Cross project.
Egdon Resources has completed its drilling operations at the Laughton-1 conventional exploration well in Lincolnshire with little hydrocarbons to show for it.
ConocoPhillips has admitted to three charges relating to an incident on the Lincolnshire Offshore Gas Gathering System platform in 2012. Lincoln Crown Court was told a “very serious international-level incident” could have caused an explosion at the platform.
A topside has set sail on a journey to the largest new gas field to be discovered in the southern North Sea for 25 years. The Cygnus accommodation module, which weighs 4,600 tonnes, has left the Burntisland Fabrication’s Methil yard towards its final destination off the Lincolnshire coast. Gas is expected to start flowing from the Cygnus field later this year. The field is expected to meet the needs of 1.5million homes and will be the UK’s second largest production site of natural gas.
Union Jack Oil has reached an agreement with Egdon Resources to acquire a 10% interest in a licence which incorporates the Keddington oilfield in Lincolnshire. The onshore oil and gas exploration company now has a stake in licence PEDL005 which also incorporates the Louth prospect and the North Somercotes prospect. Union Jack will not have to pay any cash up-front but under the terms of the agreement will pay 20% of the costs of the proposed new Keddington appraisal well scheduled to be drilled later in the year.