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Nearly £50m boost for Britain’s industrial future

Nearly £50m boost for Britain’s industrial future   £49.4m government funding to help British industry end their reliance on fossil fuels and reduce energy costs Funding will back the development of fuel switching technology, helping to drive growth by attracting private investment and creating new jobs across the country Part of the Government’s plan to support British industry as we transition to a low-carbon economy Nearly £50 million...

UK Government takes next steps to boost domestic energy production

UK Government takes next steps to boost domestic energy production   To bolster the UK’s energy security, the UK Government has today lifted the moratorium on shale gas production in England, and confirmed its support for a new oil and gas licensing round, expected to be launched by the North Sea Transition Authority (NSTA) in early October. In light of Putin’s illegal invasion of Ukraine and weaponisation of energy, the government is taking concrete steps to increase...

Government outlines plans to help cut energy bills for UK businesses, public sector and households

Government outlines plans to help cut energy bills for UK businesses, public sector and households   New Government scheme will see energy prices for non-domestic energy customers such as businesses, charities and public sector organisations cut – protecting them from rising energy costs Government work with suppliers will reduce wholesale energy costs – and the significant rises in bills that businesses have seen This support is in addition to the Energy Price Guar...

ECITB launches new £87m skills strategy to support industry growth

ECITB launches new £87m skills strategy to support industry growth   The ECITB has launched a new strategy to support growth in the engineering construction industry, pledging more than £87m to support workforce training and tackle labour shortages and skills gaps over the next three years. Published by the employer-led Board of the ECITB, the new strategy sets out a three-year plan, from 2023-25, to help bring talented new entrants with foundation skills into industry...

Stena rig days away from spudding North Sea well in search of more hydrocarbons

Stena rig days away from spudding North Sea well in search of more hydrocarbons   UK-headquartered and AIM-listed oil and gas company i3 Energy is gearing up to start drilling an appraisal well this week in a sub-area of UKCS Licence P.2358 in the North Sea after a Stena Drilling-owned rig, hired for this assignment, arrived on location.   This comes over a month after i3 Energy and Europa Oil & Gas completed a farm-in agreement (FIA) for a sub-area of i3’s UK Seawar...

Serica Energy Says North Eigg Well Costs to Rise GBP3 Mln After Drilling Delayed

Serica Energy Says North Eigg Well Costs to Rise GBP3 Mln After Drilling Delayed   Serica Energy PLC said Wednesday that drilling at the North Eigg exploration well has been delayed and that net well cost after tax is expected to rise by around 3 million pounds ($3.4 million). The U.K. gas producer said operations at the site in the North Sea should take six weeks longer than previously planned to complete and results from the well should now be available in December 2022. The...

Deltic Energy raises up to £17mln for second North Sea well

Deltic Energy raises up to £17mln for second North Sea well   Deltic Energy is raising up to £17mln in a placing and separate open offer to fund the Selene well and licences offered in the latest North Sea round. Selene is being drilled in partnership with Shell, which committed to the well in July, and contains an estimated 318 billion cubic feet (bcf) of gas on a P50 basis, worth an estimated US$624mln. Deltic has a 50% working interest in the North Sea field. A...

Truss handed plan to expand UK oil and gas production without net zero compromise

Truss handed plan to expand UK oil and gas production without net zero compromise LIZ TRUSS has been given a plan that would allow the UK to expand its production of oil and gas - bolstering our energy security - without causing an overall increase in emissions and compromising efforts to reach net zero.   In her campaign for the role of prime minister, Ms Truss pledged to suspend green levies on energy bills and look for “better ways to deliver our net zero targets”. A...

UK to announce dozens of new North Sea oil and gas licences -sources

UK to announce dozens of new North Sea oil and gas licences -sources   The British government is expected to announce dozens of new North Sea oil and gas exploration licences in an effort to boost domestic production, two sources familiar with the government's discussions said. The exact number of new licences was still to be confirmed, one of the sources, who spoke on condition of anonymity, said. The other said it could be as many as 130. The announcement could come as soon a...

Oil Price Boost for EnQuest

Oil Price Boost for EnQuest   For the first six months of 2022, the group reported pre-tax profits of $416 million, more than double last year’s figure of $175m. Revenue for the period also shot up, from $518m in H1 2021, to $943m in H1 this year. Group net production averaged 49,726 barrels of oil equivalent per day (boepd), up from 46,187 boepd in 2021. The company’s net debt at the end of June was reduced by $342m from year end, reflecting strong free cash flow...

Research reveals tomorrow’s workforce seek jobs with purpose and would consider roles in UK energy sector

Research reveals tomorrow’s workforce seek jobs with purpose and would consider roles in UK energy sector   New research commissioned by Offshore Energies UK (OEUK), the leading trade body for the UK’s integrated offshore energy industry, has revealed that young people are actively seeking careers that have a positive impact on society, with more than half of those surveyed saying they would consider a career in the UK’s energy sector. The survey of 1,000 seconda...

Will pumping more oil and gas solve the energy crisis?

Will pumping more oil and gas solve the energy crisis?   Liz Truss is reportedly to approve a series of oil and drilling licences in the North Sea in a bid to tackle the UK energy crisis. According to The Times, the Tory leadership front-runner intends to green light the licences in one of her first acts as prime minister, “as part of a long-term plan to ensure Britain’s energy security”. The paper also reported that Business Secretary Kwasi Kwarteng, who is wi...

OEUK: New oil and gas licenses critical in Europe’s search for reliable, responsible energy producers

OEUK: New oil and gas licenses critical in Europe’s search for reliable, responsible energy producers   The UK will be almost wholly reliant on imported oil and gas within the next 15 years unless new licenses and investments are granted soon, the leading representative body for the UK’s offshore energy industry has said. Responding to reports that Conservative leadership candidate Liz Truss would give the green light to as many as 130 new drilling licenses this autumn,...

UK Government's response to Ofgem's updates to the Energy Price Cap level

UK Government's response to Ofgem's updates to the Energy Price Cap level   A Government Spokesperson said: “We know people are incredibly worried about rising energy bills, following unprecedented gas prices across the continent driven by global events, including Putin’s aggression in Ukraine and his weaponisation of energy in Europe. “Direct support will continue to reach people’s pockets in the weeks and months ahead, targeted at those who need...

SSEN Transmission HR Team recognised at Scottish Renewables awards

SSE  Transmission HR Team win People and Culture award   Eight winners recognised for their work delivering the energy transition Industry body says shortlist highlights “incredible innovation, skills and engineering know-how” SSEN's Transmission HR Team was recognised by the ECITB sponsored 'People and Culture' award last night at the inaugural Scottish Renewable Awards ceremony at the Chester Hotel in Aberdeen. Siemens Gamesa Renewable Energy...

North Sea oil and gas boom 'could boost independence campaign'

North Sea oil and gas boom 'could boost independence campaign'   North Sea oil has returned to the heart of the independence debate after a leading think-tank said rising prices could see Scotland's public finances look their healthiest for more than a decade, just before Nicola Sturgeon wants to hold a second referendum. The Institute for Fiscal Studies (IFS) said the upturn in oil and gas revenues would cut Scotland's notional deficit close to, or even below, the...

Stena Drilling names Dillan Perras as Wells Manager and Director of new start-up company.

Stena Drilling names Dillan Perras as Wells Manager and Director of new start-up company.   Stena Drilling Limited today announced that the company has appointed Dillan Perras as Wells Manager – and Director of Stena Wells. The first member of the new start-up - leading the company to provide fully managed well construction and decommissioning. Dillan Perras joins Stena Drilling after 16 years with Talisman / Repsol / Repsol Sinopec Resources where most recently he held the r...

UK gas producers boost domestic production by 26% in six months

UK gas producers boost domestic production by 26% in six months   The UK has cut its dependence on imported gas. New figures show domestic gas production in the first half of 2022 was 26% higher than the same period in 2021, which is enough to heat almost 3.5 million UK homes for a year. The news comes as the UK government looks to increase the UK’s energy security by improving the availability of reliable domestic supplies of energy. The global energy supply crisis, driven i...

Offshore Energies UK announces speakers for 2022 Economic Report

Offshore Energies UK announces speakers for 2022 Economic Report   Leading figures from across the industry will join Offshore Energies UK (OEUK) to help launch its flagship Economic Report at a breakfast briefing in Aberdeen on Wednesday September 7. Regarded as a key source of market intelligence, the report provides insight of how the offshore energy sector is faring at a time when the drive to improve security, affordability and sustainability is at the top of the energy agend...

Neptune Energy begins work on 10th Cygnus gas well

Neptune Energy begins work on 10th Cygnus gas well   Neptune Energy today announced it has begun an infill drilling campaign at its operated Cygnus gas field in the southern North Sea, with the potential to unlock enough gas to heat an additional 200,000 UK homes1 per year from this winter. Upon completion of the 10th well on the field in 4Q this year, the Cygnus gas facility will be capable of producing enough gas for approximately 2 million UK households. Cygnus is an importan...
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