Ukcs News

 

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

5 hours ago

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 giants Shell and Equinor have also said they were evaluating their investment plans after the windfall tax was raised to 35% from 25% this month to help plug Britain's fiscal hole…

Construction of Shell's Penguins FPSO Completed in China

9 hours ago

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

10 hours ago

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

13 hours ago

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…

Balmoral's Large-scale Composite Manufacturing Plant in Montrose Port Now Operational

Nov 30, 2022

Aberdeen-based Balmoral Comtec has completed the installation of its manufacturing plant at its new advanced composites facility at Montrose Port.The company said it had invested a 'seven-figure sum' in the 18,299 sq.ft (1700 sq.m) quayside…

Unite Union to Hit BP UK North Sea Oilfields with Two-day Strike

Nov 28, 2022

Employees of oil services firm Petrofac working on several of BP's British North Sea oilfields have voted for industrial action on Dec. 8 and 9 over working conditions, the Unite Union said last Thursday. The strike involves 76 workers on the offshore platforms Andrew…

Equinor Evaluating Impact of UK Windfall Tax on Projects

Nov 23, 2022

The Norwegian oil company Equinor said on Tuesday it is evaluating the impact of Britain's windfall tax on its oil and gas projects, including the giant Rosebank development. 'The British government's decision last week to raise the windfall…

Shell Spuds 'High Impact' Pensacola Well in UK North Sea

Nov 23, 2022

Oil major Shell has spudded the Pensacola well in the UK North Sea, Deltic Energy, Shell's partner in the offshore license, has informed.Graham Swindells, Chief Executive of Deltic Energy, said: 'We are excited to have commenced the well operations…

Shell to 'Evaluate' 25B Pound UK Investments after Windfall Tax

Nov 22, 2022

Shell said on Monday it will evaluate plans to spend up to 25 billion pounds in Britain over the next decade following the government's decision to increase a windfall tax on oil and gas producers.'We're going to have to evaluate each project on a case by case basis…

UK Oil and Gas Sector Faces $24B Bill to Plug Old Wells

Nov 22, 2022

British North Sea oil and gas producers will spend around 20 billion pounds ($24 billion) on dismantling over 2,000 unused wells and facilities in the ageing basin over the next decade, an industry group said on Tuesday.The cost burden for plugging wells and removing platforms…

Decommissioning: ASCO Wins Four NORM Decontamination Services Deals

Nov 21, 2022

UK-based firm ASCO said Monday it had signed four new contracts for Naturally Occurring Radioactive Materials (NORM) decontamination and disposal services with major operators, worth more than £10 million (around $11,8 million.)ASCO said that its subsidiary…

UK Well Decommissioning Firm Names Subsurface Team Lead

Nov 21, 2022

UK-based well decommissioning services company Well-Safe Solutions has appointed Ruth Thomas as Subsurface Team Lead.Thomas has over two decades of experience in providing subsurface support to assets in the UK sector of the North Sea for energy majors including Repsol Sinopec Resources UK…

UK Hikes Oil Firm Levy, Hits Power Companies with Windfall Tax

Nov 17, 2022

British finance minister Jeremy Hunt said on Thursday the government would increase a windfall tax on oil and gas firms and extend it to power generation firms as he seeks to raise money to plug a major hole in the public finances.Soaring oil and…

Kent to Provide Structural Integrity Analysis for INEOS North Sea Platforms

Nov 16, 2022

Kent, an energy services company, said on Wednesday that INEOS UK SNS Ltd. had awarded it a three-year framework contract for structural integrity analysis modeling services.Kent will support the safe and sustainable structural integrity management…

BP Says It Is Paying More Tax as it Profit Increases

Nov 16, 2022

BP is paying more tax as it is making more profit, its UK head Louise Kingham told the Reuters Energy Transition Europe 2022 event on Wednesday.'It's right that (the government) should think about how they protect the most vulnerable and taxation is not for companies to determine…

Current News

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

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

EnCap Backs Houston-based Firm to Build Jones Act WTIVs

EnCap Backs Houston-based Firm to Build Jones Act WTIVs

Siemens Gamesa Loses UK Patent Dispute over GE Offshore Wind Turbines

Siemens Gamesa Loses UK Patent Dispute over GE Offshore Wind Turbines

Construction of Shell's Penguins FPSO Completed in China

Construction of Shell's Penguins FPSO Completed in China

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