Ithaca Energy said on Friday it had signed an agreement with Shell to market the oil major's 30% stake in the Cambo oil prospect in the UK North Sea, with a potential for Ithaca to increase its ownership. Shell pulled its support for Cambo in late 2021 citing economic reasons…
Cerulean Winds plans to build an offshore integrated green power and transmission system, powered by floating wind, that North Sea oil and gas platforms will plug into for clean power, under the project called the North Sea Renewables Grid (NSRG)…
BP expects to pay $1 billion under Britain's windfall tax on the oil and gas sector between May 2022 and April 2023, the company said on Tuesday.BP paid a total of $650 million in tax in Britain in the first quarter of 2023, of which $300 million came under the Energy Price Levy (EPL)…
Neptune Energy and its partner, Spirit Energy, on Thursday announced production start-up from the eleventh well at its operated Cygnus gas field in the southern North Sea.The new well is expected to produce approximately 4,000 boepd, enough gas to heat approximately 200…
The UK government has opened a consultation on future regulatory arrangements for offshore hydrogen. The consultation is seeking views on proposals for a ‘first layer’ of arrangements for transport and storage. The consultation, proposes to…
Prax Exploration & Production does not plan to increase the financial terms of the proposed acquisition of UK North Sea firm Hurricane Energy after reaching a deal to acquire Hurricane Energy in mid-March.Hurricane has one asset, the Lancaster oil field…
UK-based union Unite said Friday that historic 48-hour strike action would hit platforms in the UK North Sea.Unite said that 1300 offshore workers would begin a 48-hour stoppage from Monday, April, 24, which will cause 'severe' problems for major oil and gas operators…
The North Sea Transition Authority (NSTA) offered a gas storage license to dCarbonX for the Bains site in the East Irish Sea, east of the Morecambe Fields.The license award allows dCarbonX Ltd to progress with seeking the further regulatory approvals required before gas storage operations can start…
Serica Energy Chairman Tony Craven Walker, a pioneer of British North Sea oil, will step down in June after leading the oil and gas producer for 18 years, he announced on Thursday.Craven Walker will be succeeded by David Latin, who has been…
British union Unite said on Friday that some 70 workers employed by TotalEnergies based on the Elgin Franklin and North Alwyn platforms along with the Shetland Gas Plant were being balloted for strike action. Unite last week announced that 1…
UK-based offshore well decommissioning firm Well-Safe Solutions has deployed its Well-Safe Defender semi-submersible plugging & abandonment unit for work in the North Sea for Spirit Energy.This is the first contract for the Well-Safe Defender semi-submersible rig…
UK-based oil and gas company Harbour Energy and oil major BP on Monday said they had agreed to develop the Viking CCS transportation and storage project in the UK.Harbour continues as operator of Viking CCS with a 60%, with BP acquiring a 40% non-operated share…
UK-based workers' union Unite said on Friday said that an 'unprecedented 48-hour major stoppage' would hit the offshore oil sector later this month, with 1350 offshore workers predicted to bring dozens of platforms to a ‘standstill.’The trade…
Scotland's new First Minister Humza Yousaf and Just Transition Secretary Màiri McAllan this week visited Port of Aberdeen's £400 million South Harbour expansion.According to Port of Aberdeen, the duo heard firsthand how the port 'supports Scotland's…
Offshore drilling contractor Diamond Offshore said Thursday that its Ocean GreatWhite semi-submersible drilling rig had kicked off its five-well drilling campaign for BP West of Shetland.'This marks an important milestone for this harsh-environment…