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Latest news - Regional

Shell to build new pipeline in boost for North Sea gas

Shell to build new pipeline in boost for North Sea gas   Shell is to invest in a new pipeline as part of moves to increase gas production and reduce costs in the North Sea. The energy giant, together with partners ExxonMobil and BP, has agreed the final investment decision to build the new pipeline to transport gas from its Shearwater platform to the St Fergus plant in Aberdeenshire. The 23-mile link will join Shearwater, 140 miles east of Aberdeen, with the Fulmar Gas Line and...

Aiken Group Announces Angus Move

Aiken Group Announces Angus Move   Aberdeen-based Aiken Group has announced strategic growth into Angus which will help realise ongoing ambitions. The company has bought Arbroath-based D&M Manufacturing & Welding for an undisclosed sum. As part of Aiken Group, the company will now be known as Aiken Fabrication and it is hoped that that move will create local jobs in the near future. Aiken Group is a leading, locally-owned and innovative supplier of integrated, out-source...

Offshore Ambition Bonds Port of Blyth and Texo CFS

Offshore Ambition Bonds Port of Blyth and Texo CFS   Port of Blyth has announced it will soon be welcoming another new client to its offshore energy hub once a brand new £0.7m facility at its South Harbour terminal for fabricating specialists Texo CFS is completed. The Northumberland port, known as one of the UK’s leading offshore energy support bases, has developed an impressive cluster of complementary businesses servicing the offshore energy sector, with ambitious Te...

Industry takes stock of collaboration efforts to drive Vision 2035

Industry takes stock of collaboration efforts to drive Vision 2035   Around 80 people attended a key industry event today (Friday, December 7) where collaborative success stories between operators and the supply chain were showcased as part of a shared ambition to add a generation of productive life to the UK Continental Shelf. Oil & Gas UK’s Efficiency Task Force (ETF) hosted the joint event with Shell U.K Limited in a bid to share best practice and learnings on how comp...

Scotland’s economic growth in 2019 is forecast to fall behind the UK as the labour market weakens and business investment falters – EY Scottish ITEM Club

Scotland’s economic growth in 2019 is forecast to fall behind the UK as the labour market weakens and business investment falters – EY Scottish ITEM Club   Friday, 7 December 2018: Following a strong performance in 2018 Scotland’s economic growth is forecast to fall in 2019 as pressure on the labour market intensifies and business investment remains subdued, according to the EY Scottish ITEM Club 2019 Forecast published today. While Scotland’s economy outper...

Latest industry collaboration efforts to be unveiled at key event

Latest industry collaboration efforts to be unveiled at key event   The results of a survey studying collaboration across the UK’s oil and gas industry in efforts to unlock efficiencies will be published this month – crucial to extending the life of the basin and achieving Vision 2035. Jointly led by Oil & Gas UK and Deloitte, the Supply Chain Collaboration Survey explores the motives and effectiveness of collaboration between supply chain companies and operators....

North Sea operator speeds up P&A campaign by running Churchill’s Mud Shear Sub™

North Sea operator speeds up P&A campaign by running Churchill’s Mud Shear Sub™   Churchill Drilling Tools, a leading oilfield service company specialising in drilling innovation, has revealed that one of its specialist tools, the Mud Shear Sub™, significantly improved the mud conditioning process for a major North Sea operator during a recent P&A campaign; so much so the operator began subsequent retrieval operations ahead of schedule. Saving an average o...

North Sea oil and gas firm underlines commitment to invest in area

North Sea oil and gas firm underlines commitment to invest in area   Oil and gas independent RockRose Energy has underlined its ambition to increase production in the UK after bringing a well onstream in the Dutch North Sea. RockRose said the A18-A5 well had been completed on time and within budget in a success which will help underpin the company’s production for the next two years. Executive chairman Andrew Austin noted the results of the well exceeded pre-drill expectat...

EnQuest completes £230m Magnus North Sea oil field deal

EnQuest completes £230m Magnus North Sea oil field deal   Oil and gas firm EnQuest has completed a £230 million deal with BP which sees it take full ownership of the famous Magnus oil field in the North Sea.             The deal also includes a 9% stake in the Sullom Voe oil terminal and supply facility in the Shetland Islands. The Magnus deal is expected to add some 60 million barrels to EnQuest’s res...

Union Jack completes farm-in at PEDL183

Union Jack completes farm-in at PEDL183   Union Jack Oil has received written consent from the Oil and Gas Authority, satisfied all conditions precedent, and has now completed the farm-in with Rathlin Energy UK for a 16.665% licence interest in PEDL183, it announced on Monday. The AIM-traded firm said PEDL183 contained the “significant” West Newton A-1 UK onshore gas discovery. It reported best estimate contingent resources of 189 Bcf of gas equivalent, or 31.5 milli...

Scots tycoon Sir Ian Wood says Brexit plan 'workable'

Scots tycoon Sir Ian Wood says Brexit plan 'workable'   One of Scotland's most su`ccessful businessmen has said Prime Minister Theresa May's plan for the UK's exit from the European Union is "workable", but that it now needs to move forward. Sir Ian Wood also said Brexit could bring significant benefits to the Scottish fishing fleet. He has been driving a plan to reinvent the north east beyond oil and gas. Speaking to the BBC, Sir Ian predicted i...

Transocean to drill North Sea Songesand prospect for Wellesley

Transocean to drill North Sea Songesand prospect for Wellesley   Wellesley Petroleum has approval from the Petroleum Safety Authority to drill two exploration wells in the Norwegian North Sea. The semisubmersible Transocean Arctic will spud well 35/4-2 on the Songesand prospect and the 35/4-U-1 shallow gas pilot hole in license PL931. Songesand is 28 km (17.4 mi) northwest of the Vega field, 44 km (27 mi) northeast of Visund and 50 km (31 mi) north of Gjøa, in a water dep...

Completion of the acquisition of Total E&P, BHP and Marubeni interests in Bruce and Keith fields

Completion of the acquisition of Total E&P, BHP and Marubeni interests in Bruce and Keith fields   Serica Energy plc (AIM: SQZ) is pleased to announce that, subsequent to the Company’s announcement earlier relating to completion of Serica Energy (UK) Limited’s (“Serica UK”) acquisition of BP’s interests in the Bruce, Keith and Rhum fields (“the BKR Acquisition”), the related acquisitions by Serica UK of interests in Bruce and Keith and ass...

Industry involvement key to shaping UKCS Skills Strategy

Industry involvement key to shaping UKCS Skills Strategy   Oil and gas workers are being asked to play their role in the development of a new UK Skills Strategy by completing an online survey. Not-for-profit skills body OPITO is leading the initiative and the research is being carried out by Robert Gordon University’s (RGU)’s Oil and Gas Institute. The data collected from individual workers anonymously will help to create ‘skills demand maps’ and will fee...

Oil & Gas UK reduces decommissioning expenditure forecast

Oil & Gas UK reduces decommissioning expenditure forecast A new report by the Oil & Gas UK has indicated that offshore decommissioning expenditure is declining as oil and gas companies are gaining expertise and becoming more efficient. The report predicted that decommissioning costs will stabilise at around £1.5bn per annum. The revised figure is 20% lower than the 2017 forecast. The UK oil and gas industry is expected to incur decommissioning expenses of around £15....

Leading industry project experts define key leadership qualities at cross-sector event

Leading industry project experts define key leadership qualities at cross-sector event   A cross-sector group of industry project experts has met to debate and define the skills and competences required by leaders in achieving successful project outcomes in increasingly complex contracting environments. More than 20 delegates, including members of the Nuclear Decommissioning Authority estate companies, oil and gas operators and Tier 1 contractors, as well as academics took part in...

UK: Cluff Natural Resources announces exclusivity agreement and 28th Round licence extensions

UK: Cluff Natural Resources announces exclusivity agreement and 28th Round licence extensions   Exclusivity Agreement Following discussions with multiple data room entrants, the Company has signed an exclusivity agreement on Licence P2252 with a major international oil and gas company. Exclusivity has been granted to the Counterparty subject to a definitive farm out agreement being entered by 31 January 2019 and completion by 28 February 2019. Given the exclusivity arrangement,...

Texo Group Awarded ENSCO 100 Main Contractor Shipyard Project

Texo Group Awarded ENSCO 100 Main Contractor Shipyard Project   Texo Group, the Integrated Asset Services specialist has been awarded the contract to upgrade the ENSCO 100 Jackup MODU. The Quayside Stay project will take place at the Port of Dundee, where Texo has an established foothold with dedicated and extensive fabrication, engineering, marine and integrity management facilities. This is the first contract win for Texo Group’s MODU business unit, having won the contra...

Three North Sea Forties oil cargoes dropped as Buzzard field shut

Three North Sea Forties oil cargoes dropped as Buzzard field shut   The shutdown of Britain’s largest oilfield for repairs is reducing supply of a North Sea crude that helps to set global prices, as trade sources said on Tuesday three cargoes due to load in December had been cancelled. The Buzzard oilfield, which pumps about 150,000 barrels per day and is the largest contributor to the Forties crude stream, has closed temporarily after the discovery of pipe corrosion. A small...

Texo Group Announces Executive Chairman

Texo Group Announces Executive Chairman   Texo Group, the leading Integrated Asset Services specialist has announced its new Executive Chairman. Entrepreneur and Industrialist, Hayden Smith who has 50 years business experience under his belt. He was founder, managing director and laterally chairman of TRAD Group. As Executive Chairman, Mr Smith has been instrumental in the formation, funding and strategic development of the newly formed Texo Group. John Wood, Chief Operating Off...
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