Ukcs News


UK North Sea Merger: Serica Energy to Buy Tailwind

Dec 20, 2022

UK North Sea oil producer Serica Energy has agreed to buy Tailwind Energy Investments Ltd ('Tailwind') from Tailwind Energy Holdings LLP.The consideration for the acquisition comprises the issue of up to 111,048,124 new ordinary shares in Serica…

UK Regulator Fines Three North Sea Oil Firms for Excessive Flaring, Production

Dec 19, 2022

The UK offshore energy regulator, the North Sea Transition Authority (NSTA), has fined oil companies EnQuest, Equinor, and Spirit Energy a total of £265,000 (currently around $323,533) for 'behavior that risks the industry’s drive to cut emissions and bolster the UK’s energy security…

Harbour Energy Reviews Spending, Snubs UK Offshore Bidding Round in Wake of Windfall Tax

Dec 16, 2022

Britain's recent increase in a windfall tax on the oil and gas sector has pushed Harbour, the UK North Sea's biggest oil and gas producer, to review its capital allocation plans and shun an ongoing licensing round in the basin.Britain's first…

Noble Corp. Wins $50M Contract for Jack-up Rig in UK North Sea

Dec 14, 2022

BP has awarded the offshore drilling company Noble Corp. a one-year drilling and plugging & abandonment services contract in the UK sector of the North Sea. The contract, for which Noble Corp. will deploy the ultra-harsh environment Noble Innovator (ex-Maersk Innovator) jack-up rig…

Hartshead Taps Petrofac for North Sea Platform, Pipeline FEED

Dec 13, 2022

UK North Sea-focused Hartshead Resources has awarded Petrofac two contracts in respect of the platforms FEED contract for Harshead's Anning and Somerville unmanned minimum facilities jackets and topsides and the subsea FEED contract for the…

Reuters: UK Rebuffs Calls from Oil & Gas Bosses to Amend Windfall Tax

Dec 09, 2022

The British government stood firm on its windfall tax on the oil and gas sector in a meeting with industry executives on Friday, two sources with knowledge of what was discussed said.Finance Minister Jeremy Hunt rebuffed requests from North…

In a First, Scottish Port Set to Offer Shore Power for Offshore Vessels

Dec 09, 2022

Montrose Port Authority says the port is set to become the first Scottish port to provide shore power infrastructure to the energy sector.To enable shore power to offshore energy industry vessels, the port has partnered with with Plug Shore Power Ltd in a 50/50 joint venture…

Petrofac Workers on Repsol, BP Platforms in North Sea Launch Strikes Over Pay, Working Rotations

Dec 08, 2022

The UK’s largest industrial union, Unite, said Thursday that around 146 members will begin strike action at the Petrofac Repsol installations on December 8 and 9, 'as a result of an ongoing, and increasingly bitter dispute over pay and working terms…

UK North Sea Oil & Gas Producers Seek Price Floor to Limit Windfall Tax

Dec 06, 2022

The British government should introduce a price floor to mitigate the impact of its new windfall tax on the sector as some companies struggle with reduced access to funding, executives and industry sources say. They say the brake on capital…

North Sea Oil Firms to Explore Electrifying Offshore Oil and Gas Fields

Dec 06, 2022

North Sea producers BP, Equinor, and Ithaca Energy on Tuesday signed an agreement to study the electrification of oil and gas offshore production facilities in the West of Shetland area. The initiative focuses on three of the North Sea's largest fields - the BP-operated Clair field…

Serica Energy's North Sea Well Result Below Expectations

Dec 05, 2022

UK North Sea-focused oil company Serica Energy said Monday that its North Eigg well in the North Sea had encountered hydrocarbons but that 'commercial quantities have not yet been established,' with objective sands thinner than expected.Earlier this year…

TotalEnergies to Cut UK North Sea Spending by 25% after Windfall Tax

Dec 01, 2022

TotalEnergies will cut its investment in British North Sea oil and gas projects by a quarter next year after the UK government hiked a windfall tax on the sector, the French firm's British exploration and production chief said on Wednesday.Energy…

Construction of Shell's Penguins FPSO Completed in China

Dec 01, 2022

The construction of the Penguins FPSO for Shell's namesake field in the UK North Sea has reportedly been completed in China.CGTN, the China Global Television Network website, on Thursday, shared a video of the completed Penguins FPSO, and said the 118-meter-tall cylindrical FPSO…

UK: ORE Catapult, NZTC Team Up to Help Power Oil & Gas Platforms with Floating Wind

Dec 01, 2022

The UK-based Offshore Renewable Energy (ORE) Catapult and the Net Zero Technology Centre said Thursday they'd examine potential pathways for the delivery of innovative floating offshore wind technology integrated with existing energy infrastructure…

Expro Wins $50M North Sea Well Intervention and Integrity Deal with Apache

Dec 01, 2022

Oilfield services firm Expro has secured a $50 million contract with oil and gas company Apache Corporation for work on its Beryl and Forties assets in the UK North Sea.The fully integrated well intervention and integrity services contract involves…

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