Ukcs News

One-Year Extension: Petrofac to Keep Servicing NEO Energy's North Sea Assets

Apr 13, 2021

Oilfield services company Petrofac has secured a one-year extension to its integrated services contract with NEO Energy in the UK North Sea.'The extension, awarded eight months ahead of the renewal date, takes Petrofac’s contract for operations…

Independent Oil and Gas Starts Drilling at Elgood

Apr 12, 2021

Independent Oil and Gas plc, the UK-based company working to develop its Phase 1 project in the Southern North Sea, has started drilling at the Elgood development well, 48/22c-H1.Elgood is the first of five planned development wells in IOG's…

Jersey Oil & Gas Completes Cieco V&C Acquisition

Apr 07, 2021

UK-focused oil and gas company Jersey Oil & Gas (JOG) has completed the acquisition of Cieco V&C, a company that owns an interest in JOG-controlled Licence P2170, in the UK North Sea, from the Japanese companies Itochu and Jogmec.Under the agreement first announced on November 26…

Wood Secures 5-Year North Sea Services Deal with TAQA

Apr 06, 2021

Wood, an energy industry consulting and engineering company, has secured a new contract with oil company TAQA to provide integrated facility services across the TAQA's North Sea assets.With the award of a five-year Integrated Facilities Services agreement…

New Manager of ASCO's Lifting Branch Eyes North Sea Growth

Apr 06, 2021

Integrated logistics and materials management company, ASCO, has appointed Craig Revie as General Manager of its specialist lifting division, NSL.Revie first joined ASCO in 2018 as head of Marine Services, Craig led initiatives in vessel monitoring…

Tailwind Energy Buys Decipher Energy

Apr 01, 2021

UK-focused oil company Tailwind Energy has acquired Decipher Energy Limited, an oil and gas company with assets in the UK North Sea.'This acquisition will allow Tailwind to continue to deploy its strategy of exploiting organic production and…

ION Geophysical to Launch 2nd Phase of North Sea Seismic Survey

Mar 31, 2021

Oil and gas seismic data company ION Geophysical has finalized plans to launch the second phase of its North Sea 3D multi-client survey program, following on from Phase 1, which started in August 2020. The field data for this latest addition…

Delek's Profit Boosted by North Sea Unit Ithaca Energy

Mar 31, 2021

Israel's Delek Group on Wednesday reported a record profit in the fourth quarter on strong revenue and a boost in the value of its North Sea unit Ithaca.Net profit rose to about 1.1 billion shekels ($330 million) for the October-December quarter…

Chrysaor, Premier Oil Set to Complete Merger and Become Harbour Energy

Mar 31, 2021

The merger of Chrysaor and Premier Oil is due to complete on Wednesday, creating Harbour Energy, the UK North Sea's biggest oil and gas producer, which will replace Premier's stock exchange listing from Thursday, Premier said.The reverse takeover of Chrysaor by Premier Oil…

Shell, Deltic to Drill 'High-impact' Pensacola Well in UK North Sea in 2022

Mar 29, 2021

UK oil company Deltic Energy and oil major Shell have decided to drill what Deltic says is a potentially transformational Pensacola well in the North Sea, off the UK in 2022.Shell as the operator, and Deltic as its partner, in the Licence P2252 in the North Sea…

EnQuest 'Confident' of Securing Refinancing Needed for Golden Eagle Acquisition

Mar 25, 2021

British North Sea-focused oil producer EnQuest is 'confident' it will secure a refinancing deal needed to buy an additional 10,000 barrels per day of output capacity, it said on Thursday, as it reported a 43% drop in free cash flow in 2020.Last month…

Norwegian Oil Firm Aker BP Farms Into UK North Sea Block

Mar 24, 2021

Norway-focused oil and gas company Aker BP, said Wednesday it had, through a newly formed subsidiary Aker BP UK, farmed into an offshore block in the UK North Sea.Aker BP UK has entered into an agreement with Eni UK to take over a 50 percent interest in licence P2511 on the UK Continental Shelf…

UK: Gov't, Oil Industry Strike North Sea Deal to Protect Jobs in Green Energy Transition

Mar 24, 2021

The UK on Wednesday announced a landmark deal aimed at supporting the oil and gas industry’s transition to clean, green energy. It also said it would introduce the 'Climate Compatibility Checkpoint' before future licensing rounds.The sector…

LYTT Tech Boosts Output at BP's Clair Ridge Offshore Platform

Mar 22, 2021

LYTT, an energy tech company, said Monday its technology has helped improve production up to 2,000 barrels per day (bpd) at BP's Clair Ridge offshore platform, west of Shetland, UK.Clair Ridge is the second phase of development of the giant…

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