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Latest news - Regional

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 BEIS spokesperson said:   “The Energy Price Guarantee is protecting consumers from soaring energy costs, meaning people’s bills will not rise in line with today’s Ofgem energy price cap increase.   “A typical household in Great Britain will save around £900 this winter thanks to Government’s intervention to limit how much suppliers can cha...

Deltic Energy reports Shell has spudded Pensacola well in North Sea

Deltic Energy reports Shell has spudded Pensacola well in North Sea   Shell PLC has installed its rig on the Pensacola location in the North Sea and drilling operations have now commenced, partner Deltic Energy PLC has reported. Deltic has a 30% working interest in Licence P2252 which contains Pensacola and is located in the Zechstein Reef play fairway in the Southern North Sea.  Pensacola is a natural gas field estimated to contain gross P50 prospective resources of 309bn...

Neptune Energy donates £100,000 to Sheltersuit UK to help rough sleepers this winter

Neptune Energy donates £100,000 to Sheltersuit UK to help rough sleepers this winter   Neptune Energy today announced a £100,000 donation to Sheltersuit UK to help rough sleepers this winter. The donation will fund around 1,500 Shelterbags, which provide protection from the elements, and support the salaries of two Sheltersuit employees who came to the UK as refugees. It’s the second year Neptune has provided financial support to Sheltersuit UK, which said it is f...

Probe launched amid ongoing flaring and venting crackdown

Probe launched amid ongoing flaring and venting crackdown   Licensee suspected of breaching consents Compliance key to maintaining social licence to operate NSTA committed to holding industry to account on emissions An investigation has been launched into an oil and gas company for flaring and venting in the North Sea without consent. The probe by the North Sea Transition Authority (NSTA) could result in action being taken, including a fine for the company or the releva...

Neptune Energy urges UK government to support gas entry specification change

Neptune Energy urges UK government to support gas entry specification change   Neptune Energy has called on the UK Government to support regulatory changes to the country’s gas entry specifications to deliver more domestic gas to households and businesses from next year. In the longer term, revising the specification could unlock enough gas to heat more than 12 million UK homes for a whole year. Ministers are due to receive the Health and Safety Executive’s recommendati...

£20bn to be spent on decommissioning North Sea oil and gas installations in the next decade, predicts Offshore Energies UK

£20bn to be spent on decommissioning North Sea oil and gas installations in the next decade, predicts Offshore Energies UK   Over two thousand North Sea wells involved in oil and gas extraction are to be decommissioned at a cost of around £20bn over the next decade, says a new industry forecast. The wells have played a crucial role in providing the UK with the energy to keep homes warm, run businesses and power vehicles. Offshore Energies UK (OEUK), the leading repr...

Millions across Great Britain see energy bills reduced as £1.8bn is paid out in first month of government scheme

Millions across Great Britain see energy bills reduced as £1.8bn is paid out in first month of government scheme   £1.8 billion was paid out last month through the government’s Energy Bills Support Scheme (EBSS), reducing energy costs for over 27 million households across Great Britain £136m worth of vouchers have been provided to traditional prepayment meter customers, with government urging households to redeem them A second instalment of the EBSS pa...

Waldorf Production seeks $2bn additional capital to finance more projects

Waldorf Production seeks $2bn additional capital to finance more projects   Waldorf Production, owner of multiple oil and gas exploration assets in the North Sea, is seeking to raise as much as $2 billion to enable them to finance new projects. The British company is working with advisers to set up a vehicle that will raise capital from outside investors and make acquisitions. They have approached a number of hedge funds and specialist energy investors to gauge their interest in pa...

Energy firms resilient as Hunt announces new windfall taxes

Energy firms resilient as Hunt announces new windfall taxes   Shares in energy firms initially slumped on Thursday after Chancellor Jeremy Hunt outlined new windfall taxes in his Autumn Statement, but prices quickly recovered. Hunt confirmed that the energy industry windfall tax will rise to 35% from 25% from 1 January 2023 until March 2028. This was widely expected. He also announced the introduction of a temporary 45% levy on electricity generators. There had been reports of...

Scotland’s First Minister marks launch of UK’s tallest onshore turbines

Scotland’s First Minister marks launch of UK’s tallest onshore turbines   Nicola Sturgeon has marked the connection of the UK's tallest and most efficient onshore wind turbines to the national grid. The 200-metre structures are part of Banks Renewables’ Kype Muir Extension Wind Farm in South Lanarkshire that will consist of 15 new ultra-efficient turbines. Lying just south of Strathaven, Kype Muir Extension’s turbines will have an installed generation...

Strike at Petrofac goes ahead following dispute over pay

Strike at Petrofac goes ahead following dispute over pay   Unite has today (16 November) confirmed that its members on the Petrofac owned Repsol assets will take part in industrial action starting on 16 November with a continuous overtime ban and 48 hour stoppage taking place on 16 and 17 November. A further 48 hour stoppage will take place on 30 November and 1 December. This action will cause significant disruption to the maintenance and safe running of the platforms/terminal. Aro...

Delegates told North-East can lead the way in global energy transition

Delegates told North-East can lead the way in global energy transition Hundreds attend first AREG Energy Futures Conference and Exhibition   The North-east’s potential for leading the way in the global energy transition was one of the key themes to emerge from AREG’s inaugural Energy Futures Conference and Exhibition. More than 400 delegates from across the energy sector attended the event, organised by Aberdeen Renewable Energy Group at P&J Live. The opening...

Norway's Equinor-owned Aasgard B oil and gas platform shut after fire

Norway's Equinor-owned Aasgard B oil and gas platform shut after fire   Gas production at Norwegian energy firm Equinor's Aasgard B gas processing platform was shut on Sunday and could remain offline until Nov. 15 following a fire in a transformer, the company said on Monday. Output at the field has been cut by 19.8 million cubic metres, Aasgard's pipeline operator Gassco said in a regulatory filing. In an update, Gassco extended the expected length of the outage at...

Global Energy Exports Conference Set to Return in 2023

Global Energy Exports Conference Set to Return in 2023   The Energy Exports Conference 2023, spearheaded by the Energy Industries Council (EIC), is set to return to Aberdeen next year and will be held at the P&J Live on the 6th & 7th June 2023. The two-day event, which is free to attend, will welcome a global audience with the city expected to receive several international delegations. Following a successful return to an in-person event in 2022, the conference will be back...

NSTA opens investigation into suspected licence breach

NSTA opens investigation into suspected licence breach   Energy security and net zero depend on well-regulated North Sea Companies must all abide by the same rules of business Probe could lead to a fine or other sanctions The North Sea Transition Authority (NSTA) has opened an investigation into an operator suspected of breaching one of its licence conditions. The investigation will look into whether the licensee conducted a well test – intended to gauge whether o...

Winners of the SPRINT Robotics Awards 2022

Winners of the SPRINT Robotics Awards 2022   The winners of the SPRINT Robotics Awards 2022 were announced at the World Conference Banquet which was held this year in Amsterdam. An annual event, the SPRINT Robotics Awards acknowledge and reward exceptional work in Inspection and Maintenance robotics in our society and are comprised of three different categories: Groundbreaking Collaborative Work towards Acceptance of Inspection and Maintenance Robotics, Scaling of a Robotic Solution,...

Gray’s School of Art 3D Design Students Break The Mould As Offshore Achievement Awards’ Trophy Design Winner 2023 Announced

Gray’s School of Art 3D Design Students Break The Mould As Offshore Achievement Awards’ Trophy Design Winner 2023 Announced   The winner of the Offshore Achievement Awards (OAA) trophy design competition, in association with Gray’s School of Art, was announced today (Friday 11th November 2022) The 36th annual OAA awards, supported by principal sponsor TAQA, celebrate the successes of the offshore oil and gas and renewables industries, showcasing business growth an...

Global agreement in green tech will open doors for UK PLC

Global agreement in green tech will open doors for UK PLC   The UK is today leading a global agreement to make green technologies cheaper and more accessible around the world, while also creating green jobs for generations both at home and abroad, Grant Shapps said today (11 November). Speaking at the COP27 negotiations in Egypt, the Business Secretary announced over £65 million investment to help speed up the development of new green technologies – backed by the talent...

Sturgeon urged to reject Rosebank oil field plan after questions at Cop27

Sturgeon urged to reject Rosebank oil field plan after questions at Cop27   Scotland’s First Minister has been accused of not answering a question from a climate activist on controversial proposals for a new oil field in the North Sea. Nicola Sturgeon was approached by Wiktoria Jedroszkowiak – an activist with Fridays for Future Eastern Europe – on Tuesday, who asked about her stance on the Rosebank field. Rosebank – proposed to the west of Shetland by th...

Aker BP cleared to drill wildcat well in North Sea

Aker BP cleared to drill wildcat well in North Sea   The Norwegian Petroleum Directorate (NPD) has granted Aker BP a drilling permit for a wildcat well in the North Sea offshore Norway. The well 16/1-35 S is targeting a prospect named Styggehøe, located in the production licence 1141. The licence is operated by Aker BP with a 70 per cent interest while the remaining 30 per cent interest is held by Equinor. The well is scheduled to be spud this month, using Saipem’s...
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