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Latest news - Regional

Equinor to increase gas exports to supply Europe

Equinor to increase gas exports to supply Europe   Equinor and its partners have received permission to increase gas exports from two fields on the the Norwegian continental shelf to supply the tight European market. Production permits for the Oseberg and Troll fields have each been increased by 1 billion m3 for the gas year starting 1 October. In June, Equinor took steps to evaluate...

UK oil authority leaders under fire over oil company shares

UK oil authority leaders under fire over oil company shares   Three of the senior executives who run the UK government authority that licenses new North Sea developments — including the controversial Cambo oil field — have shares worth over £225,000 in the oil industry. An investigation has also found that eight of the 13 members on the board of directors and senior management team at the Oil and Gas Authority (OGA) in Aberdeen, used to work for the oil and gas in...

North Sea’s oil & gas landscape ideal for energy transition – report

North Sea’s oil & gas landscape ideal for energy transition – report   The Net Zero Technology Centre and Dutch research organisation TNO have launched a report that analyses the significant opportunities that cross sector collaboration in the North Sea can bring. The One North Sea report highlights how the North Sea and its existing oil and gas infrastructure offer an ideal basis for developing a Net Zero Emission basin and emphasises the need for cross-border coll...

Petrofac workers on North Sea platforms balloting on industrial action

Petrofac workers on North Sea platforms balloting on industrial action   Unite have confirmed that around 70 Petrofac workers on CNR International platforms Ninian Central and Ninian South and and the Tiffany platform in the North Sea will ballot on industrial action following a pay cut. Unite claim that workers’ wages were cut 10% during 2020 on instruction from CNR International and is demanding a reversal as oil and gas prices have improved over the past 12 months. If t...

Ithaca Energy agrees to buy Marubeni's North Sea assets for US$ 1 billion, sources say

Ithaca Energy agrees to buy Marubeni's North Sea assets for US$ 1 billion, sources say   Ithaca Energy has agreed to acquire Marubeni's oil and gas assets in the North Sea for about US$1 billion, industry sources told Reuters. The owner Ithaca, Israeli energy company Delek Group, said last year it wanted to list the North Sea-focused energy company. Several other Japanese energy and trading firms are also seeking to exit the ageing North Sea basin. Ithaca Energy and...

Future of UK oil and gas at stake in battle over Cambo oil project: Shell executive

Future of UK oil and gas at stake in battle over Cambo oil project: Shell executive   The future of the UK oil and gas industry as a whole is at stake in the controversy surrounding Shell and Siccar Point Energy's Cambo oil project, with investors requiring stability to commit future funds, including for climate-related projects such as carbon capture and storage, Shell's senior vice president for the UK upstream, Simon Roddy, told the the Offshore Europe conference Sept. 9....

Imenco Corrosion Technology (ICT) launches revolutionary, industry-changing product

Imenco Corrosion Technology (ICT) launches revolutionary, industry-changing product   Pacu™ will revolutionize cathodic protection technology for mooring systems Pacu™ has multiple applications within the Oil & Gas industry including near-shore moorings and permanently moored offshore structures, but also in other maritime industries, including offshore wind. By attaching sacrificial anodes to the mooring chains, ICT has demonstrated through computer simulation...

Var Energi granted Barents Sea drilling permit

Var Energi granted Barents Sea drilling permit   Var Energi AS has been granted a permit by the Norwegian Petroleum Directorate to drill in Barents Sea production license 901. Well 7122/6-3 S—the first exploration well to be drilled in the license—will be drilled from the Scarabeo 8 rig about 30 km northeast of Goliat field and about 13 km south of discovery well 7122/6-1 at water depth of 427 m after concluding drilling of development wells on Goliat field for Var Ener...

Edinburgh-based Cairn agrees compromise to end India tax saga

Edinburgh-based Cairn agrees compromise to end India tax saga   Cairn Energy plans to return $700 million (£500m) to investors as it moves to end a long-running tax dispute in India at what looks like a high price. The Edinburgh-based oil and gas firm was in line to receive $1.7bn after an international tribunal found in its favour in December. The dispute dates from 2014 when the Government of India seized assets held by Cairn in the country. Cairn has resorted to measure...

Scottish Business Minister To Address Spe Offshore Europe 2021 Virtual Conference

Scottish Business Minister To Address Spe Offshore Europe 2021 Virtual Conference   Ivan McKee, Scotland’s Minister for Trade, Tourism and Enterprise, is to address the SPE Offshore Europe 2021 virtual conference delivering a pre-recorded video at the opening plenary on Tuesday 7th September 2021 at 12:00pm (BST)/7.00am (EDT). Trade and Investment Minister Ivan McKee said: “COP26 in Glasgow is our best chance – perhaps one of our last chances - to limit global war...

More than 1,000 oppose plans to drill for oil in the Lincolnshire Wolds

More than 1,000 oppose plans to drill for oil in the Lincolnshire Wolds   An application for oil drilling in the Lincolnshire Wolds site of Biscathorpe has led to a petition with more than 1,000 rejections. The oil drilling application has also been opposed by councillors in the area and Conservative MP for Louth and Horncastle, Victoria Atkins. Plans have been submitted by Egdon Resources, a UK based oil and gas exploration company. In 2019, Egdon Resources discovered oil at...

Latest UK onshore oil production data: May 2021

Latest UK onshore oil production data: May 2021   UK onshore oil production on all measures rose in May 2021 compared with previous months but it failed to return to the level of the start of the year. Key figures Barrels per day (bopd): 14,327 Apr 2021 13,855 bopd Mar 2021 14,194 bopd Feb 2021 14,491 bopd Jan 2021 14,794 bopd Weight: 58,199 tonnes Apr 2021 54,474 tonnes Mar 2021 57,653 tonnes Feb 2021 53,165 tonnes Jan 2021 60,083 tonnes Volume: 70,612 m3 A...

Lundin secures approval for start-up of Solveig field in North Sea

Lundin secures approval for start-up of Solveig field in North Sea   Lundin Energy has secured approval from Norwegian authorities to begin production from the NOK6.5bn ($751.6m) Solveig field phase 1 development in the PL 359 licence in the North Sea. The Swedish energy company is planning to commence production from the oil and gas field this autumn, said the Norwegian Petroleum Directorate (NPD). The first phase of the offshore project aims to unlock estimated recoverable res...

Crown Estate Scotland announces new offshore wind leasing process

Crown Estate Scotland announces new offshore wind leasing process   Crown Estate Scotland has announced plans to launch a new leasing process specifically designed for offshore wind farms that support the decarbonisation of the oil and gas sector. The new process, which will also support small-scale innovation projects of less than 100MW, will be separate to the ScotWind Leasing round currently underway for commercial-scale offshore wind projects across Scotland. It is expected...

Neptune Energy carries out first Walk to Work campaign at Cygnus gas field

Neptune Energy carries out first Walk to Work campaign at Cygnus gas field   Neptune Energy today announced the start of the first Walk to Work (W2W) campaign at its operated Cygnus gas field in the UK Southern North Sea. A programme of brownfield modifications, maintenance and inspection activities will be supported by Bibby Marine’s WaveMaster 1 vessel, reducing time, costs and environmental impacts. The vessel is equipped with a ‘motion-compensated transfer gangway&r...

Scotland to Launch Offshore Wind Tender Dedicated to Oil & Gas Decarbonisation

Scotland to Launch Offshore Wind Tender Dedicated to Oil & Gas Decarbonisation   Crown Estate Scotland, which is currently reviewing the ScotWind Leasing Round applications, will open a new leasing process early next year, dedicated specifically to offshore wind projects which support the decarbonisation of the oil and gas sector, and to small-scale innovation projects of less than 100 MW. Scotland’s seabed manager announced the new leasing round shortly after the Scotti...

Oil and gas expert highlights potential of Shetland field

Oil and gas expert highlights potential of Shetland field   North Sea industry leaders have mounted a spirited defence of the oil and gas sector warning that curbs on UK production would only increase reliance on imports and disrupt the energy transition. Amid calls by campaigners for the Government to block plans for the controversial Cambo development off Shetland, industry body OGUK insisted new fields could be compatible with the UK’s climate change commitments while prov...

Greenpeace to take on the UK Government in court over Oil permit

Greenpeace to take on the UK Government in court over Oil permit   A legal challenge from Greenpeace against the UK Government decision to grant an oil and gas drilling permit is to be heard in the Edinburgh court of session today. It's the first time an offshore oil permit has ever been challenged in court - with the climate activists claiming the Government failed to check what the environmental impact would be from granting a license to BP. The case relates to the Vorlich...

Future of jobs at Spirit Energy in Barrow still uncertain

Future of jobs at Spirit Energy in Barrow still uncertain   The future of the gas company site based in Barrow is still unclear following months of consultations, it has been reported. Spirit Energy, based on Rampside Road in Roose, supply gas throughout Morecambe Bay and started a consultation process at the start of the year to work out how to become more cost-effective – a move which the company said could potentially lead to job losses. The company announced back in Fe...

Highly profitable Troll phase 3 project on stream

Highly profitable Troll phase 3 project on stream   On Friday 27 August at 21.25, production started from the Troll phase 3 project in the North Sea. The project has a break-even price below 10 dollars and CO2 emissions of less than 0.1 kg per barrel oil equivalent. The new wells are tied in to the Troll A platform and Troll phase 3 will extend the platform’s life past 2050.  Recoverable volumes from Troll phase 3, which will produce the Troll West gas cap, are estimat...
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