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United-Quattro North Sea deal pushed back once more

United-Quattro North Sea deal pushed back once more   United Oil & Gas and Quattro Energy have announced an additional extension to their £3.2m deal, in which United will sell its Central North Sea licences to Quattro. Under the latest extension, the completion date has been moved from 6 December to 28 February. The licenses included in the sale contain the Maria discovery...

Ørsted and Partners Secure Funding for Platform Electrification Study

Ørsted and Partners Secure Funding for Platform Electrification Study   Ørsted, together with Neptune Energy and Goal7, have been awarded £239,000 from the Oil & Gas Authority (OGA) to fund a study into the potential use of renewable energy to provide power to a gas-producing offshore platform. The research will use a generic offshore wind farm and oil and gas facility in the North Sea to explore the optimal technical design to provide a stable and reliable...

Cheering Shell’s Cambo exit may be premature

Cheering Shell’s Cambo exit may be premature   Environmentalists protesting against development of the Cambo oilfield north-west of the Shetland Isles may cheer Shell’s decision last week to pull out of the controversial project. To some extent, the pressure that campaigners brought to bear on the company and on the UK government, which is yet to greenlight the project, has worked. While Shell explained that it had concluded the economics of the project no longer made sens...

Hundreds Of UK Offshore Workers Set To Strike Next Week

Hundreds Of UK Offshore Workers Set To Strike Next Week   After an improved offer from their employers was rejected, some 300 oil and gas workers in the UK North Sea will be going on strike next week. Unite, the largest trade union in Great Britain and Ireland, said that around 300 members working for Ponticelli UK and Semco Maritime will take industrial action following a dispute over cuts to terms and conditions. Rigzone already reported back in November that Ponticelli UK mem...

Cairn Oil & Gas to invest $5 billion over next 2-3 years

Cairn Oil & Gas to invest $5 billion over next 2-3 years   Cairn Oil and Gas, a unit of Vedanta Ltd, plans to invest as much as $5 billion over the next 2-3 years as it seeks to expand oil production to almost 500,000 barrels a day, chief executive Prachur Sah said. “Cairn’s ambition remains that we want to meet 50% of India’s oil and gas production, which means we want to go to almost 500,000 barrels a day, both from our existing assets and from the new block...

Re-Gen Robotics wins big at the 2021 EIC Awards

Re-Gen Robotics wins big at the 2021 EIC Awards The robotic tank cleaning company picked up the Innovation, Sustainability and EIC Company of the Year awards, while Halliburton’s Harley Ogg was chosen as the Rising Star   The Energy Industries Council (EIC) has announced the winners of the 2021 EIC Awards, with 16 EIC member companies winning awards during the virtual ceremony, and one lucky Rising Star winning a scholarship worth £18,500 at the Robert Gordon University...

Cambo Shell shock | Abrdn picking winners

Cambo Shell shock | Abrdn picking winners   Big oil just made a big statement that has raised more questions than it has provided answers. Just a few weeks ago Shell CEO Ben van Beurden was declaring his commitment to the Cambo oil field off Shetland and warning that failure to proceed would leave Britain exposed to more imports of fuel. Yesterday the company announced it was pulling out of the project. While the decision came with no warning and left supporters of Cambo feeling a...

Major oil rig recycling and offshore energy construction hub planned for port in north-east Scotland

Major oil rig recycling and offshore energy construction hub planned for port in north-east Scotland   An oil rig decommissioning yard, a ‘green’ steel fabrication plant and a hub for building offshore wind turbine bases are part of a multi-million-pound plan to create the UK’s first fully circular energy transition facility in the north-east of Scotland. The port at Ardersier, on the Moray Firth coast near Inverness, was one of the largest oil and gas fabrication...

UK regulator sees untapped potential in North Sea oil and gas projects

UK regulator sees untapped potential in North Sea oil and gas projects   The second Wells Insight report, published by the UK Oil and Gas Authority, highlights significant opportunities remaining in the UK North Sea basin, despite Covid resulting in a slowdown in 2020. The interactive, searchable publication reveals that the number of Exploration and Appraisal wellbores spudded has declined steadily (nine in 2020, down from 29 in 2019), but success rates have improved, and Operator...

Wells Insight Report reveals activity slowdown in the UK North Sea and untapped potential in well maintenance

Wells Insight Report reveals activity slowdown in the UK North Sea and untapped potential in well maintenance   Searchable, interactive report will help industry users Drilling activity significantly down on previous years Production could be further boosted by increasing well intervention The second Wells Insight report, published today by the Oil and Gas Authority, highlights significant opportunities remaining in the Basin, despite Covid resulting in a slowdown in 2020....

Redundancies are expected at ACE Winches

Redundancies are expected at ACE Winches   Sources within Ace Winches have confirmed numerous changes to the business since the return of Alfie Cheyne as CEO in mid-November. Following the exit of the management team on the immoderate return of the new board, we have received reports the HR team have been replaced in the past week and news of an additional 25 redundancies. Employees claim around 25 jobs are planned to be cut from the Turriff facility. Redundancy meetings are...

Equinor sells its non-operated position in the Corrib gas project in Ireland

Equinor sells its non-operated position in the Corrib gas project in Ireland   Equinor has entered into an agreement with Vermilion Energy Inc for the sale of the company’s non-operated equity position in the Corrib gas project in Ireland. The transaction is organised through a share sale of Equinor Energy Ireland Limited, a company 100% owned by Equinor ASA. Equinor owns 36.5% of the Corrib project, alongside Vermilion (the operator with 20%) and Nephin Energy (43.5%). Th...

JX Nippon Selling UK Assets To NEO Energy For $1.7B

JX Nippon Selling UK Assets To NEO Energy For $1.7B   UK-based exploration and production company NEO Energy has expanded its portfolio with the acquisition of 100 percent of the share capital of JX Nippon Exploration and Production U.K. (JX UK) for around $1.7 billion. JX UK holds non-operated interests in multiple producing fields and associated infrastructure in the UK North Sea including a 20 percent interest in the Mariner field and an 18 percent interest in the Culzean field....

Serica Energy achieves first production at Columbus field in North Sea

Serica Energy achieves first production at Columbus field in North Sea   British independent upstream oil and gas company Serica Energy has achieved first production at its Columbus offshore field in the Central North Sea. Opened into the Arran subsea system, the C1z development well started flowing hydrocarbons on 24 November. For processing and onward export to the gas and liquid sales points, the comingled Arran and Columbus production streams are now being shipped to the She...

Neptune Energy completes Seagull manifold installation

Neptune Energy completes Seagull manifold installation   Neptune Energy and its joint venture partners, bp and JAPEX, have completed the safe and successful installation of the manifold and umbilical for the Seagull project in the UK Central North Sea. TechnipFMC, working under the Neptune Energy Alliance Agreement, undertook the construction activities on the development from the CSV Deep Star vessel. The activities included the installation of the 350te Seagull manifold, the pull...

OGA Chair Tim Eggar insists continuing North Sea exploration is vital

OGA Chair Tim Eggar insists continuing North Sea exploration is vital   Exploration and production of oil and gas from the North Sea is still needed for the UK to meet its energy needs, while ensuring a successful energy transition to net zero, Oil and Gas Authority Chairman Tim Eggar said yesterday Speaking to delegates at the combined PROSPEX and PETEX conference in London, Mr Eggar said: “Oil and gas currently provide around three quarters of total UK energy consumption...

Helicopter services deal raises competition concerns

Helicopter services deal raises competition concerns   CHC and Babcock’s oil and gas offshore helicopter business (the Babcock Business) both provide offshore transportation in the oil and gas sector, taking workers to and from rigs in the North Sea. The Competition and Markets Authority (CMA) identified competition concerns relating to the deal that, unless addressed, will mean that the merger will be subject to an in-depth Phase 2 investigation. CHC and the Babcock Busin...

Well-Safe Solutions appoints strategy and business development specialist

Well-Safe Solutions appoints strategy and business development specialist   Well plug and abandonment specialists Well-Safe Solutions have selected Chris Hay as Director of Strategy and Business Development, as part of the organisation’s continued development of its decommissioning offering in the mature fields of the North Sea. Chris brings over 16 years of energy industry experience to Well-Safe Solutions, with the majority of career in the integrated well abandonment and...

SBM Offshore To Build Its Largest FPSO For Exxon

SBM Offshore To Build Its Largest FPSO For Exxon   FPSO operator SBM Offshore has been awarded contracts to perform front-end engineering and design (FEED) for an FPSO for the Yellowtail development project offshore Guyana. The FEED contract award triggers the initial release of funds by ExxonMobil’s subsidiary Esso Exploration and Production Guyana Limited to begin FEED activities and secure a Fast4Ward hull. According to SBM, this will be the largest producing unit ever bu...

Partnership formed to build Scotland’s low carbon workforce

Partnership formed to build Scotland’s low carbon workforce   OPITO, the global safety and skills body for the energy industry, has announced the agreement of a memorandum of understanding (“MoU”) with the Acorn Project and Scottish Cluster, to develop a blueprint of industrial skilling and reskilling training for the low carbon economy. The Acorn Project, developed by Storegga in partnership with Shell UK and Harbour Energy provides the backbone infrastructure fo...
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