Aberdeen-based Balmoral Comtec has completed the installation of its manufacturing plant at its new advanced composites facility at Montrose Port.The company said it had invested a 'seven-figure sum' in the 18,299 sq.ft (1700 sq.m) quayside…
Employees of oil services firm Petrofac working on several of BP's British North Sea oilfields have voted for industrial action on Dec. 8 and 9 over working conditions, the Unite Union said last Thursday. The strike involves 76 workers on the offshore platforms Andrew…
The Norwegian oil company Equinor said on Tuesday it is evaluating the impact of Britain's windfall tax on its oil and gas projects, including the giant Rosebank development. 'The British government's decision last week to raise the windfall…
Oil major Shell has spudded the Pensacola well in the UK North Sea, Deltic Energy, Shell's partner in the offshore license, has informed.Graham Swindells, Chief Executive of Deltic Energy, said: 'We are excited to have commenced the well operations…
Shell said on Monday it will evaluate plans to spend up to 25 billion pounds in Britain over the next decade following the government's decision to increase a windfall tax on oil and gas producers.'We're going to have to evaluate each project on a case by case basis…
British North Sea oil and gas producers will spend around 20 billion pounds ($24 billion) on dismantling over 2,000 unused wells and facilities in the ageing basin over the next decade, an industry group said on Tuesday.The cost burden for plugging wells and removing platforms…
UK-based firm ASCO said Monday it had signed four new contracts for Naturally Occurring Radioactive Materials (NORM) decontamination and disposal services with major operators, worth more than £10 million (around $11,8 million.)ASCO said that its subsidiary…
UK-based well decommissioning services company Well-Safe Solutions has appointed Ruth Thomas as Subsurface Team Lead.Thomas has over two decades of experience in providing subsurface support to assets in the UK sector of the North Sea for energy majors including Repsol Sinopec Resources UK…
British finance minister Jeremy Hunt said on Thursday the government would increase a windfall tax on oil and gas firms and extend it to power generation firms as he seeks to raise money to plug a major hole in the public finances.Soaring oil and…
Kent, an energy services company, said on Wednesday that INEOS UK SNS Ltd. had awarded it a three-year framework contract for structural integrity analysis modeling services.Kent will support the safe and sustainable structural integrity management…
BP is paying more tax as it is making more profit, its UK head Louise Kingham told the Reuters Energy Transition Europe 2022 event on Wednesday.'It's right that (the government) should think about how they protect the most vulnerable and taxation is not for companies to determine…
UK North Sea-focused oil and gas company Serica Energy has extended its contract with Odfjell Technology for the provision of storage, preservation, maintenance, and drilling services on the North Sea Bruce platform.Kurt Meinert Fjell, Odfjell Technology…
The UK North Sea still has a lot to offer when it comes to oil and gas reserves yet to be produced. However, unpredictable fiscal conditions are denting the confidence of offshore energy-producing companies to invest and revitalize oil and gas exploration activity…
The UK-based offshore energy industry regulator, the North Sea Transition Authority (NSTA), said Monday it had opened an investigation into an operator suspected of breaching one of its license conditions.The investigation will look into whether…
The Australian oil and gas company Finder has entered into three farm-out transactions to assign to Dana Petroleum interests in three offshore blocks in the central North Sea in the UK.Dana Petroleum will acquire a 40% interest in each of P2527…
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