North Sea News

 

UKCS Decom Cost Reduction Falling Short

Aug 04, 2022

The UK's North Sea Transition Authority (NSTA, formerly Oil & Gas Authority) says an estimate of the total cost of decommissioning UK Continental Shelf (UKCS) oil and gas infrastructure fell just 2% last year. The drop, following a 4% reduction the year before…

Life Extension Green Light at Tambar

Jul 29, 2022

Norway's Petroleum Safety Authority Norway has given operator Aker BP consent for life extension of the Tambar field in the Norwegian North Sea.The Tambar field is part of production license 065, for which Aker BP is the operator. Consent includes…

Gallery: Allseas' Pioneering Spirit Vessel Removes 11,000t Gyda Offshore Jacket

Jul 19, 2022

Offshore installation and decommissioning contractor Allseas said Tuesday it had successfully removed and transported to shore Repsol Norge’s 30,000-tonne Gyda platform 'in a matter of days.'According to the company, Allseas' Pioneering Spirit…

Sparrows Nets $60M North Sea Crane O&M Deal

Jul 19, 2022

Sparrows Group said Tuesday it had secured a contract worth approximately £50 million (around $60 million) with a major UKCS operator to provide crane management services across its operating assets in the North Sea. It did not say who the client was…

Lawsuit Filed Against Offshore Gas Project in Dutch North Sea

Jul 15, 2022

Environmentalist groups in Germany and the Netherlands are challenging plans for a new gas field in the North Sea, a German non-profit organization said on Friday, possibly complicating Europe's hunt for alternatives to Russian fuel.Environmental…

UK: SEE MONSTER Rig Arrives at Weston-super-Mare

Jul 13, 2022

A decommissioned North Sea offshore platform, soon to be turned into a giant art installation, arrived in Weston-super-Mare, England, on Tuesday, 12 July, BBC has reported.Last year, Weston-super-Mare, a seaside town in Somerset was selected as home to the installation…

Gas Leaks Shut Parts of Equinor's Sleipner Offshore Field

Jul 12, 2022

Gas leaks were reported at Equinor's Sleipner offshore field on Monday, leading to the shutdown of parts of the gas field located in the North Sea, offshore Norway.According to Equinor, on Monday morning, gas leaked in a contained area related…

UK Lawmakers Approve 25% Windfall Tax on Oil and Gas Producers

Jul 12, 2022

British lawmakers approved a 25% windfall tax on oil and gas producers in the British North Sea on Monday, which the government says will raise 5 billion pounds ($5.95 billion) in one year to help people struggling with soaring energy bills…

Serica Energy, Kistos Want to Merge But Reject Each Other's Proposals

Jul 12, 2022

UK North Sea-focused oil and gas company Serica Energy's Board in May and June rejected potential merger proposals from Kistos, an energy industry investment company established in England and Wales in October 2020. Per Kistos, Serica in July sent a counter-proposal…

Kistos Acquires 20% in Greater Laggan Area Offshore Assets from TotalEnergies

Jul 11, 2022

Oil and gas firm Kistos has acquired a 20% stake in the Greater Laggan Area producing offshore gas fields in the UK and associated infrastructure alongside various interests in certain other exploration licenses, including a 25% interest in the Benriach prospect…

Waldorf Production to Buy Alpha Petroleum, Owner of North Sea Cheviot Field

Jul 11, 2022

Waldorf Production and Shorelight Partners today announced the signing of a sale and purchase agreement for the acquisition of the entire share capital of Alpha Petroleum, an upstream oil and gas company focusing on the UK North Sea, by Waldorf…

Decom Engineering Wins Contracts in UK North Sea and W. Africa

Jul 07, 2022

Northern Ireland-based Decom Engineering has said it has won two contracts worth more than £300,000 in the North Sea and offshore West Africa. strengthening their reputation as a leading provider of decommissioning services.The company said…

UK Oil Sector Secures Changes to Windfall Tax, Want More Amid Gov't Chaos

Jul 07, 2022

Britain's main oil and gas sector said it had secured some changes to a planned windfall tax but is seeking further allowances from the new Finance Minister Nadhim Zahawi, with the bill set to go through parliament on Monday.Former finance minister Rishi Sunak…

Teekay Sells Sevan Hummingbird FPSO to Ping Petroleum

Jul 04, 2022

Teekay Corporation has found a new home for its Sevan Hummingbird FPSO following its recent departure from the Chestnut field in the UK North Sea, after 13 years of production there for Centrica's Spirit Energy. The cylindrical FPSO has been…

Ithaca Energy Wraps Siccar Point Energy Buy

Jul 04, 2022

Ithaca Energy has completed the previously announced acquisition of the UK North Sea focused oil and gas company Siccar Point Energy.The proposed acquisition was first announced in April, when it was said that Ithaca would pay for $1.1 billion…

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