Prosafe lands extension worth $3.5m with BP for Seagull project
Prosafe (OLSO: PRS) has landed its first extension worth $3.5m (£3.1m) with BP to support development of the Seagull field in the UK North Sea.
Neptune Energy
Well-Safe bags $30m decommissioning contract for Neptune’s Dutch, UK assets
Neptune Energy has awarded Well-Safe Solutions a contract for a major North Sea decommissioning campaign spanning the UK and Netherlands.
Norway well slot – North Sea a hive of activity
As of 24 August, Westwood Global Energy reports that there are five exploration wells active, four in the Northern North Sea and one in the Norwegian Sea. Since the previous report, two exploration well programmes have completed, with one of the wells successful.
Isabella: Appraisal drilling kicks off to confirm major North Sea discovery
TotalEnergies (PARIS: TTE) has kicked off hotly-anticipated appraisal drilling at the Isabella discovery in the UK North Sea.
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.
NSTA expands energy pathfinder portal to include upcoming O&M work
Upcoming tenders, worth millions of pounds, for operations and maintenance (O&M) work are now advertised on North Sea regulator’s website.
Neptune backs Horisont CCS project in Norway
Neptune Energy and Horisont Energy have signed a memorandum of understanding that will see the two work together to progress the Errai carbon capture and storage (CCS) project in Norway.
Ithaca Energy IPO slated for second half of 2022, Isabella appraisal drilling imminent
A rough timeframe has been given for North Sea operator Ithaca Energy’s planned IPO in London.
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 sees windfall tax threatening investment
Neptune Energy CEO Pete Jones has warned that the UK’s windfall tax on oil and gas profits will threaten long-term investment in the sector, but have limited impact on the firm itself.
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.
OEUK issues new guidance to support methane emissions reduction
Trade body Offshore Energies UK (OEUK) has launched new guidelines to help oil and gas firms reduce methane emissions from the production of oil and gas.
Neptune Energy announces profits of over £600m in H1 2022
Neptune Energy made £627.84 million profit after tax, according to the company's results from the first half of the year.
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.
First oil from Norway’s Nova oil field supports UK at ‘crucial time’
Wintershall Dea has begun first oil production at its operated Nova field in the Norwegian North Sea.
Equinor’s Trollvind project was born out of power necessity
Oil and gas accounts for 25% of CO2 emissions from Norway. Quite simply, if the industry doesn’t step up then the country cannot meet its climate targets.
Neptune Energy gets after Ofelia exploration prize
Neptune Energy has kicked off drilling on the Ofelia exploration well in the North Sea.
Kwarteng meeting with North Sea oil firms on windfall tax
UK business secretary Kwasi Kwarteng will meet with North Sea oil and gas producers today to discuss the government’s windfall tax.
Neptune completes final well at Fenja ahead of 2023 start-up
Neptune has completed the fourth and final development well at its operated Fenja field in the Norwegian Sea, in preparation for production start-up next year.
UK North Sea to lead global charge on major subsea projects
The UK will lead the way on the number of major subsea projects coming globally over the next five years, according to new analysis.
Neptune Energy wins ‘gold medal’ in ESG rankings
Neptune Energy has been named in the top 5% of 95,000 companies globally for its ESG performance.
Neptune Energy picks TechnipFMC to carry out technical services
North Sea operator Neptune Energy has handed a contract to TechnipFMC to carry out work in Norway.
Neptune joins OGCI-backed drive to cut methane emissions
Neptune Energy has joined the Aiming for Zero Methane Emissions Initiative, a project to cut emissions of the climate-warming gas to “near zero” by 2030.
Neptune Energy spuds next Adorf gas well in Germany
Neptune Energy has confirmed drilling has begun at the Adorf Z17 gas appraisal well in Georgsdorf, north western Germany.
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.