Ukcs News

Jersey Oil & Gas Sees 'Significant' Increase in Buchan Oil Field Resources

Jan 26, 2021

UK-focused oil and gas firm Jersey Oil & Gas (JOG), on Tuesday announced a significant increase in 2C contingent resource estimate for the Buchan oil field, within the Greater Buchan Area ('GBA') in the UK North Sea.Dynamic reservoir modeling…

NEO Energy in Exclusive Talks to Buy ExxonMobil's North Sea Assets

Jan 21, 2021

North Sea-focused oil company NEO Energy has entered into exclusive talks with ExxonMobil to buy the U.S. oil giant's UK North Sea assets.NEO, backed by Norwegian private equity investor HitecVision, said Thursday that if the talks are successful…

EnQuest Completes Bressay Field Stake Buy

Jan 21, 2021

London-listed oil firm EnQuest has completed the acquisition from Equinor of a 40.8125% interest in the Bressay oil field development on the UK continental shelf. It has also become the operator of the project.As a result, EnQuest has a 40.81%…

Solstad Nabs One-year Charter for Sea Forth PSV

Jan 19, 2021

Norwegian offshore vessel owner Solstad Offshore has won a contract for its platform supply vessel Sea Forth.Solstad Offshore said Tuesday that the vessel had won a term contract with an unnamed UK operator to support their assets in the UK North Sea…

Wood, Spirit Energy Extending Life of Morecambe Bay Gas Fields

Jan 19, 2021

Energy services giant Wood has won a contract with oil firm Spirit Energy to provide late-life solutions for the Morecambe Bay gas fields, one of the UK’s largest gas accumulations.The five-year consolidated services contract is valued at $130 million…

UK: OGA to Take 'Blended Approach' with License Change Requests

Jan 13, 2021

The UK Oil and Gas Authority said Wednesday to would take a 'blended approach' when it comes to the companies' compliance with oil and gas license timelines, in the wake of the pandemic.The regulator had back in March 2020 said it would seek…

Premier Oil Shareholders Vote in Favor of Merger with Chrysaor

Jan 12, 2021

Premier Oil shareholders on Tuesday voted in favor of a reverse takeover of private equity-backed Chrysaor to create the British North Sea's biggest oil and gas producer in which Premier shareholders will hold about 5.5%.'Shareholder approval for the Transaction has now been received…

Oceaneering and Stork Net Work on Neptune Energy's Cygnus Platform

Jan 12, 2021

Offshore services providers Oceaneering and Stork have won integrity management and fabric maintenance contracts on Neptune Energy's Cygnus platform, offshore the UK. The contracts are worth around $6.5 million.Oceaneering will supply integrity management services covering pressure systems…

IOG: Platform Construction on Track for North Sea Project

Jan 11, 2021

UK-based oil firm Independent Oil & Gas has informed that work on the construction of the two platforms being built for its North Sea development project was progressing well with delivery scheduled for 1Q 2021. The company also said it would appoint new COO in the coming weeks…

CessCon Decom to Dismantle Spirit Energy's Morecambe Bay Facilities

Jan 11, 2021

Scotland-based CessCon Decom has won a major deal to carry out the onshore decommissioning, dismantling, and recycling of Spirit Energy’s Morecambe Bay DP3 and DP4 facilities in the East Irish Sea.The contract comes from the offshore installation and decommissioning company Allseas…

Report: BP Relaunches Sale of UK North Sea Fields

Jan 08, 2021

BP has relaunched the sale of stakes in a number of North Sea oilfields it agreed to sell to Premier Oil before the beleaguered company was taken over last year, industry sources said on Thursday.BP originally agreed to sell its interest in…

SSE Sells North Sea Gas Fields to Viaro Energy. Focuses on Renewables

Dec 30, 2020

Scotland-based energy company SSE plc has agreed to sell all of its interests in its portfolio of gas exploration and production (E&P) assets to Viaro Energy for a total consideration of up to £120 million (around $160 million). The diverse…

Talon Adds Three Blocks to Its North Sea Oil and Gas Portfolio

Dec 28, 2020

Australian oil and gas player Talon Petroleum has recently been awarded three new exploration licenses in the UK Central North Sea (UKCS). The new license awards were part of the recent 32nd Offshore Licensing Round offered by the UK Oil and Gas Authority…

Awilco Drilling's Rig on Zero Day Rate after Equipment Failure

Dec 15, 2020

Awilco Drilling said Tuesday its WilPhoenix offshore drilling rig - on contract with Serica in the North Sea - had incurred technical downtime in November, and is currently on a zero day rate.'The WilPhoenix incurred technical downtime on Monday…

Oilex Buys East Irish Sea Block from Burgate

Dec 14, 2020

Oil company Oilex has completed the deal with Burgate to acquire a 100% participating interest in the Doyle-Peel license (P2446) in the East Irish Sea (EIS), offshore the United Kingdom ('Agreement').  The license lies on the west-dipping graben…

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