Ukcs News

 

Ithaca Energy Takes Full Ownership of Fotla Discovery. Adds Three Offshore Blocks to Portfolio

Jul 13, 2023

UK North Sea-focused oil company Ithaca Energy has signed a deal to acquire a 40% stake in the Fotla Discovery it doesn't already own and three offshore exploration licenses from Spirit Energy.'The acquisition, which is subject to the satisfaction…

Shell's North Sea Discovery May Be Twice as Big as Initially Assumed, Partner Says

Jul 12, 2023

Oil and gas company Deltic Energy Plc on Wednesday announced a significant increase in the estimated oil and gas resources for Shell's Pensacola discovery in the UK North Sea, with the analysis revealing nearly double the initial expectations…

Unite Ballots Petrofac Offshore Workers on Strike Action

Jul 10, 2023

Unite the union confirmed Friday that offshore workers employed by Petrofac Facilities Management Limited in the UK will be balloted on strike action.Around 80 Unite members contracted to work on Ithaca Energy’s FPF1 platform, Captain WPP, Captain floating production…

Hibiscus Petroleum's Teal West Offshore Project One Step Closer to FDP Approval

Jul 10, 2023

Anasuria Hibiscus UK Limited, a subsidiary of the Malaysian oil and gas company Hibiscus Petroleum said it has received the consent for the Environmental Statement for the Teal West Development in the UK.The consent was granted by the Offshore…

Remembering Piper Alpha: 35th Anniversary of Offshore Oil Disaster that Claimed 167 Lives

Jul 06, 2023

Thirty-five years ago, on July 6, 1988, one of the offshore oil and gas industry's worst-ever disasters struck  - the explosion of the Piper Alpha platform in the UK North Sea. To this day, the disaster is the worst ever in the industry by the number of lives lost…

Jersey Oil & Gas, NEO Pick Development Solution for UK North Sea Oil Project

Jul 04, 2023

Jersey Oil & Gas, a UK-focused oil and gas company working to develop the Greater Buchan Area ('GBA') in the UK North Sea, said Tuesday it had finalized the development solution for the project.Jersey Oil & Gas, and NEO, soon to become the operator of the GBA licenses…

INEOS FPS Awards Long-Term Contract to Sparrows Group for Unity Platform Support

Jun 28, 2023

UK-based Sparrows Group, a company providing engineering and maintenance services for global energy and industrial sectors, has secured a three-and-a-half-year contract with INEOS FPS.Under the contract, Sparrows will provide crane and lifting equipment operations…

Synergia and Wintershall Dea Secure UK North Sea Carbon Storage License for Medway Hub CCS Project

Jun 27, 2023

Synergia Energy Ltd. said Tuesday that the North Sea Transition Authority ('NSTA') had confirmed that the Camelot carbon storage license application made by Synergia had been successful. The license application was made jointly with Synergia's 50:50 partner…

Altrad Secures 5-year Fabric Maintenance Services Deal in UK North Sea

Jun 14, 2023

Industrial services company Altrad said Wednesday it had won a 5-year contract to support the fabric maintenance of multiple assets for a major operator in the UK North Sea.According to Altrad, the contract, which takes effect on August 1, 2023…

UK Tax Sweetener Won't Stop Plummeting North Sea Oil, Gas Output

Jun 12, 2023

Once one of the world's key energy sources, Britain's North sea oil and gas output is poised for a further slump after shrinking by two thirds in the past 20 years, leaving the country increasingly dependent on imports. A windfall tax introduced…

Apache Suspends UK North Sea Drilling, Cuts Jobs Citing High Taxes

Jun 12, 2023

U.S. oil producer Apache Corp on Friday said it was suspending drilling in the North Sea and reducing its British workforce because high taxes have made the operation less competitive.The unit of APA Corp did not say how many workers would be cut as a result of the move…

UK to Waive Oil, Gas Windfall Tax if Prices Fall Far Enough

Jun 09, 2023

Britain's windfall tax on oil and gas producers will not be applied if prices drop below certain levels for six months in a row, the finance ministry said on Friday, in a move the government hopes will boost energy security.The energy profit…

Jersey Oil & Gas Gets Buchan License Extension and Green Light for NEO Farm-out

Jun 07, 2023

UK-focused oil and gas company Jersey Oil & Gas has received an extension to the Second Term of its P2498 'Buchan' license in the UK North Sea from the North Sea Transition Authority ('NSTA').Also, the NSTA has approved Jersey Oil & Gas' request…

Output from Armada Kraken FPSO in UK Shut-In Following Failed Restart Attempt

Jun 05, 2023

Malaysian FPSO leasing firm Bumi Armada said Friday that its Armada Kraken FPSO, on a contract with EnQuest in the UK North Sea, was recently shut-in following the failure of critical hydraulic submersible pump (HSP) transformers.  The Kraken…

DNO Wraps Up Offshore Decommissioning Project in UK

Jun 05, 2023

Norwegian oil and gas company DNO said Monday that the wellhead platform production facilities had been removed from the Schooner field offshore UK, in what the company said was the last major offshore operation under DNO’s multi-year North Sea decommissioning program…

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