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.
Welligence
Windfall Tax price floor: What difference will it make to the North Sea?
While it’s not a panacea - and may never actually kick into force - the windfall tax price floor could help with financing the $5bn of North Sea projects awaiting FID.
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.
Success at Benriach would ‘partially de-risk’ nearby West of Shetland prospects
TotalEnergies (PARIS: TTE) could be in line for a “significant boost” if a discovery is made at a key West of Shetland prospect.
Westwood highlights challenges of North Sea electrification
Only two of the nine zones up for grabs in the targeted oil and gas category of the INTOG leasing round had successful applications.
Analysts: Laggan-Tormore, Clair Ridge among potential targets for Viaro
A handful of West of Shetland assets have been highlighted by industry experts as potential acquisition targets for Viaro Energy.
$5bn worth of oil and gas assets up for sale in Southeast Asia
Around three billion barrels oil equivalent (boe) of resources,worth a total $5 billion are on the market, in Southeast Asia.
Shell Pensacola discovery opens ‘new play fairway’ in North Sea
The largest discovery in a decade for the region will now open up more than a dozen other prospects in the Southern North Sea.
‘Bloated’ Harbour Energy job cuts: Could other North Sea firms follow suit?
Harbour Energy (LON: HBR) is "bloated" staff-wise, say analysts, and this week the firm said it would slash jobs in Aberdeen due to the UK Government windfall tax.
Wison cuts first steel for Eni FLNG vessel
The Wison FLNG unit will be Eni’s second offshore Congo.
Only six big-spend projects for UK North Sea in coming years
There are only six big-spend projects expected for the UK North Sea and West of Shetland in the coming years, meaning limited opportunity for big players to benefit from windfall tax offsets.
Cambo: A year since Shell decided not to invest
Its more than a year since Shell (LON: SHEL) said it wouldn't invest in the Cambo oilfield, but as the project approaches a green light, the firm is weighing whether to stick or sell up its stake.
Welligence: recovering from the ‘Covid low’ and dealing with EPL
The UK North Sea saw little bounce back in activity following the 2020-21 ‘Covid low’, with only the M&A space staying buoyant.
‘Diminishing hopper’ of big North Sea projects a leash on firms’ ability to offset tax hike
Westminster’s hopes of spurring North Sea spend in the coming years could be derailed by one fundamental issue: a lack of available projects.
Decom will naturally drive North Sea towards emissions reduction targets
Removing and recycling old oil and gas assets will go a long way towards helping the North Sea hit its emissions reduction targets.
Oil majors’ share of UK production poised to grow, boosted by Jackdaw and Rosebank
Oil and gas majors’ share of production in the UK is tipped to rise dramatically in the coming years, putting an end to a period of flux.
Eni confirms start up at Coral Sul, with BP to profit on LNG sales
Eni and ExxonMobil have both confirmed the start up of the Coral Sul floating LNG (FLNG) project, offshore Mozambique.
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.
New North Sea projects will see Shell’s Shearwater hub through to mid-2030s, Welligence says
Analysts have backed Shell’s (LON:SHEL) Shearwater production hub to keep operating well into the next decade.
North Sea exploration prospects ‘few and far between’ as Edinburgh well latest to disappoint
As the North Sea’s limited exploration well roster delivers a series of disappointing results, are there any promising plays left in E&P hoppers?
Siccar Point mulling next steps for 80m barrel gas field that could hinge on Cambo
North Sea firm Siccar Point Energy is nearing a decision on how best to proceed with its West of Shetland Tornado project.
‘Minimal scope’ to fast-track North Sea projects in wake of Jackdaw approval
Following the approval of Shell’s Jackdaw field, analysts are weighing in on whether the move signals an acceleration on reported government plans to “fast track” key North Sea fields.
WoodMac’s Agudelo transitions to Welligence to drive growth
Welligence Energy Analytics has appointed Juan Agudelo to head the company’s energy transition offering. Agudelo follows in a long line of Wood Mackenzie executives to join Welligence.
New Cambo owners making ‘billion-pound gamble’ say campaigners
Environmental groups say a change of ownership at the controversial Cambo development will not alter the prospects for what they call a "doomed" field, following news that Ithaca Energy will acquire operator Siccar Point.
M&A: North Sea deals won’t rush to meet oil price surge
Firms won’t be rushing into deals or investment off the back of higher oil and gas prices – the boom may even be stalling such activity in the North Sea, according to top analysts.