Capricorn noted that it had been working on “strategic alternatives” for more than a year. However, there have been no better options, it reported, and a sale is necessary to “maximise shareholder value and the full potential of Capricorn’s assets”.
EnQuest was slapped with what is believed to be the largest fine issued by the North Sea Transition Authority (NSTA) to date.
TAQA and Spirit Energy are taking fellow North Sea firm Viaro Energy to court to recover costs linked to decommissioning the Brae oilfield.
Some of the North Sea’s biggest companies have shared details of millions of pounds worth of upcoming operations and maintenance (O&M) work.
Taqa’s share of the decommissioning bill for the Greater Brae Area (GBA) has increased by more than $350 million after a licence partner defaulted on its liability.
Hydrogen UK is eyeing further growth after adding a baker’s dozen to its membership in recent months.
The CEO of North Sea operator Spirit Energy has called for Liz Truss to appoint an energy secretary to her new government.
Energy services giant Wood is expecting to create around 300 new jobs thanks to a surge in activity in the UK North Sea.
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.
North Sea operator Spirit Energy has launched a consultation on redundancies in Aberdeen.
With conflict in Ukraine and sanctions on Russia continuing to exacerbate supply issues, rising energy prices are fuelling new opportunities for private equity in the European oil and gas industry.
Thompsons of Prudhoe has secured contracts to help decommission a trio of North Sea assets, working in collaboration with Heerema and DeepOcean.
The Hummingbird Spirit FPSO will head off from the North Sea today to the Cromarty Firth - ahead of an uncertain future for the vessel which could see it scrapped.
Regulators have approved TAQA’s plans to remove a section of the remaining jacket structure at Brae Bravo, following a successful topsides decommissioning campaign last year.
Centrica has concluded the sale of the majority of Spirit Energy’s Norwegian assets to Sval Energi, and its interests in the Statfjord field to Equinor, as it focuses on UK gas production and energy transition projects.
Hurricane Energy (LON: HUR) and its partner Spirit Energy have given up on the Warwick Area in the West of Shetland.
Equinor and its partners have decided to invest NOK 9 billion (£746m) in the Halten East development area in Norway.
Energy services firm Petrofac has secured a two-year operations and late life asset support contract extension with Spirit Energy.
Shell has spudded its hotly tipped Edinburgh exploration well near the UK-Norwegian border – potentially one of the largest remaining undrilled structures in the central North Sea.
Spirit Energy has awarded Heerema Marine Contractors a contract for removal and disposal of a trio of southern North Sea assets, with further options for work on a wider portfolio.
Spirit Energy will not carry its Pegasus West development forward to a final investment decision (FID), the operator has confirmed.
Spirit Energy owner Centrica has announced bumper 2021 profits on the back of soaring energy prices, and the offloading of several upstream assets.
North Sea initial public offerings (IPOs) could be back on the menu with healthy oil and gas prices tipped to continue for much of 2022.
North Sea focused Waldorf Production has started exclusive talks to buy the assets of Dutch oil and gas company ONE-Dyas BV, according to people familiar with the matter.
Spirit Energy has appointed a new interim chief executive and chairman as part of its transition to a “new phase”.