Oil major Shell and its partner Deltic Energy have approved the work program and budget for drilling the Pensacola appraisal well in late 2024.The Pensacola discovery, located in the UK North Sea, is estimated to contain gross P50 initially in place volumes of gas and oil of 342 million barrels of oil equivalent, which is nearly double than initially expected.The approval of Pensacola appraisal was shared by Deltic…
Oilfield services company Petrofac has signed an engineering, procurement, construction and commissioning (EPCC) framework agreement with TotalEnergies for its assets in the North Sea.Under the three-year framework, Petrofac will have the opportunity…
UK-based oil firm Serica Energy said Thursday it had agreed to acquire a 30% non-operated interest in the UK North Sea licenses P2498 and P2170 which together make up the Greater Buchan Area (“GBA”) from Jersey Oil & Gas.Completion is subject to regulatory…
Serica Energy, a UK-based upstream oil and gas company, said Tuesday that its Chief Financial Officer Andy Bell had informed the board of his intention to step down from his role in the New Year when he will be replaced by Martin Copeland. Copeland…
The British government plans to legislate to mandate annual North Sea oil and gas licensing rounds, in a move Prime Minister Rishi Sunak says would create certainty for the industry during a transition to greener energy.In July the government…
Oil major BP said Monday that production had started from the Seagull oil and gas field in the UK North Sea.Seagull has been developed by Neptune Energy as a subsea tieback to the BP-operated central processing facility (CPF) of the Eastern Trough Area Project (ETAP) in the central North Sea…
United Oil & Gas has terminated the proposed sale of a UK North Sea offshore block containing the Maria discovery after the buyer, Quattro Energy, was unable to raise the funds to complete the transaction.United Oil & Gas also said that, given…
Repsol Sinopec Resources UK Limited, an oil and gas exploration and production company operating in the North Sea, said this week that the company would be renamed Repsol Resources UK.'On 28th April 2023 it was announced that a settlement and…
UK North Sea-focused oil company Ithaca Energy has completed the acquisition of the remaining 40% stake in the Fotla offshore discovery and three exploration licenses - P.213 Area C, P.345 Area A and P.2536 - from Spirit Energy. The acquisition…
The UK on Monday offered 27 new licenses in North Sea areas with the potential to go into production more quickly than others.In addition to the 27 licenses, six more blocks, which were also ready to be offered, have been merged into five existing licenses…
Scottish offshore trade union Unite said Friday that hundreds of Odfjell offshore drillers were being balloted in a dispute over working rotas and paid annual leave.The dispute involves crews on Equinor’s Mariner platform and TAQA platforms including Harding…
UK North Sea-focused oil and gas company Orcadian said Wednesday that the North Sea Transition Authority (NSTA) had confirmed to the company that it was prepared to agree to an extension to the second term of the offshore license containing the undeveloped Pilot oil field…
Oil and gas engineering services firm Plexus Holdings said Tuesday it had won a contract award for Exact and Centric equipment for a North Sea Plug and Abandonment ('P&A') project secured through its licensor SLB (ex-Schlumberger) for an unnamed 'leading North Sea operator…
Oilfield services firm Petrofac has secured a new multi-million-pound deal with Saipem to support the decommissioning of a platform in the UK sector of the North Sea. Under the terms of the contract, the companies will work as an integrated team to prepare and remove the 20…
Malaysian oil and gas company Hibiscus Petroleum has received UK regulator approval to acquire a stake in a UK North Sea license from Rapid Oil, as proposed in late August 2023.Hibiscus Petroleum's subsidiary Anasuria Hibiscus, and Ping Petroleum on August 30…
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