Britain set out plans to boost energy security and tackle emissions on Thursday, but critics said a lack of new investment and incentives meant it failed to provide any new boost for the country's green energy sector.Britain's net zero start…
Dutch state-owned electric grid company TenneT has awarded 11 contracts worth a combined 23 billion euros ($25 billion) to build systems connecting wind farms in the North Sea to shore, it said on Thursday. The contracts are being awarded to consortia led by Hitachi Energy and by General Electric…
Norwegian offshore oil and gas safety regulator the Petroleum Safety Authority Norway (PSA) has given Equinor consent for exploration drilling in block 31/2 in the North Sea.The consent is related to the well well 31/2-24 (top hole), and well…
Windfall taxes mean oil and gas producers in the British North Sea will likely leave 500 million barrels of oil equivalent in the ground over the next decade, the equivalent of one year's output in the aging basin, industry group OEUK said on Tuesday…
Crown Estate Scotland has announced the results of the world’s first leasing round designed to enable offshore wind energy to supply offshore oil and gas platforms directly. Thirteen projects have been offered exclusivity agreements.INTOG (Innovation…
Norwegian oil and gas company Equinor Energy has drilled a dry well in the North Sea, offshore Norway, the Norwegian Petroleum Directorate has informed.The wildcat well 34/6-6 S - prospect name Angulata Brent - was drilled about 10 kilometres north of the Visund field…
Oil and gas producer Capricorn Energy CNE.L said on Thursday it would cut three fourths of its UK staff to keep less than 40 employees there as the oil and gas producer focuses on its Egypt operations. Capricorn told Reuters that the consultation…
UK-based oil and gas company Serica Energy said Thursday it had completed the acquisition of Tailwind Energy and that admission of the completion consideration shares to trading on AIM has occurred.Serica said in December 2020 it would acquire Tailwind…
The UK offshore oil and gas regulator North Sea Transition Authority (NSTA) is investigating an unnamed oil company for possibly failing to meet licence commitments designed to stimulate activity, in support of the UK’s energy security.The North…
The winners of the 2023 Offshore Achievement Awards were revealed Thursday at the annual Offshore Achievement Awards dinner in Aberdeen.According to the organizers, around 400 guests celebrated the 'exceptional achievements and outstanding performance'…
The heads of NATO and the European Commission flew on Friday to a North Sea platform bigger than the Eiffel Tower in a visit underlining Norway's importance for gas supplies since Russia's invasion of Ukraine.The Troll A platform extracts gas from Norway's biggest gas field…
Oslo-listed offshore vessel owner DOF has secured a new four-year firm contract for the platform supply vessel Skandi Gamma with UK-focused oil company Ithaca Energy.The contract for the 2011-built PSV also includes two 1-year extension options…
Norwegian oil and gas firm Equinor has made an oil and gas discovery near its Troll field in the North Sea, offshore Norway.The company said this was its eighth discovery in the area since 2019. According to Equinor, the volumes discovered are…
Norwegian oil company Aker BP has started production from the Frosk field development in the Alvheim area, offshore Norway.The Frosk field is tied back to Alvheim FPSO in the North Sea via existing subsea infrastructure. The field, discovered in 2019…
A cap on revenue and the lack of the kind of incentives offered to oil explorers are blocking the development of renewable energy in Britain, say industry officials who are pressing for changes ahead of this week's budget.The British government has set targets for major increases in wind generation…
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