Time to get ready for CCS plans
“The world is not just North America and Europe,” he said. “We need the best projects in the best places, not just in the best tax regimes.”
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Time to get ready for CCS plans
“The world is not just North America and Europe,” he said. “We need the best projects in the best places, not just in the best tax regimes.”
NSTA: Slow progress on emissions reduction is ‘threat’ to MER
The North Sea regulator warned that not moving quickly enough on efforts to reduce North Sea upstream emissions is a “threat” to economic recovery as it consults the sector on new measures to speed progress.
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”.
Wood Mac: New UK licences need major discovery to ‘whet Shell’s appetite’
Shell (LON: SHEL) will need as much as one trillion cubic feet of gas from exploration licences in the West of Shetland to "truly whet its appetite", according to analysis by Wood Mackenzie.
Ensuring UK firms are ‘competitive’ when vying for ‘monster platforms’ decom work
The UK has seen large-scale decommissioning work go overseas, OEUK’s decommissioning manager Ricky Thomson says firms need to remain “competitive” to win contracts for these “monster platforms.”
Exclusive: NSTA pushes North Sea operators on well decom commitments
Amid ongoing uncertainty around tax, inflationary costs and supply chain availability, the North Sea’s regulator has written to operators impressing the need to maintain their commitments with regard to timely well decommissioning.
Serica subsidiary Tailwind Energy receives North Sea block in 33rd licensing round
Tailwind Energy, a subsidiary of London-listed (LON: SQZ) Serica Energy, has been awarded a 100% interest in a North Sea block as part of the 33rd licensing round.
Which companies secured offers in the 33rd Licensing Round?
The UK's offshore regulator has published details of the companies which have secured licence offers as part of its latest North Sea Licensing Round.
Environmental groups lambast ‘despicable decision’ to award new North Sea licences
Environmental campaign groups have criticised the latest awarding of new oil and gas licences by the North Sea Transition Authority (NSTA).
First 27 North Sea licences awarded in 33rd UK oil and gas round
The award of 27 new oil and gas licences is being hailed as a"welcome boost" for the UK North Sea industry.
NSTA faces legal hearing over disclosure of Brent decom paperwork
The UK’s oil and gas regulator is set to face a legal hearing over the disclosure of key documents on the decommissioning of Shell’s Brent oil field in the North Sea.
Orcadian granted conditional extension to North Sea Pilot licence
Orcadian Energy has announced the North Sea Transition Authority (NSTA) is prepared to grant a two-year extension on its P2244 licence in the Pilot field, subject to certain conditions.
Greenpeace vows to appeal after losing court challenge to new North Sea oil and gas licenses
Environmental campaign group Greenpeace has vowed to appeal after it lost a legal challenge against a new major UK oil and gas licensing round.
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.
‘Disappointing’ lack of wells risks early North Sea decline, warns NSTA
Assets are at risk of being shut down early, says the regulator, as the number of wells drilled drops.
New report charts seismic challenge of wind co-located carbon storage
Full co-location of carbon storage sites with wind farms is in many cases “impossible”, the NSTA report found.
Decommissioning in the North Sea: Challenge vs Opportunity
The most recent Decommissioning Cost and Performance Report published by the North Sea Transition Authority (“NSTA”) on 9 August 2023 showed that the total cost estimate for decommissioning remaining oil and gas infrastructure on the UK Continental Shelf ("UKCS") is over £40 billion.
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.
North Sea operator IOG to enter administration
IOG (AIM: IOG) will be placed into administration as the troubled North Sea operator is overcome with debt and operational issues.
Rosebank had three-month wait for regulator approval, documents reveal
Other recent projects had a gap of two weeks.
Rosebank approval was ‘litmus test’ for UK offshore sector
With Teal West and Victory expected to follow, Rosebank could be part of a 'bumper year' for UK FIDs in 2023.
Campaigners vow legal action over Rosebank approval – how likely is it to succeed?
There are three primary grounds for any potential challenge to Rosebank.
‘We need more projects like Rosebank’: Industry reacts to oil field approval
"We need more projects like Rosebank," says Offshore Energies UK, following news the project received has received the green light from the regulator.
Rosebank oilfield approved by UK regulator
Equinor has taken a final investment decision with partner Ithaca Energy.
