UK North Sea-focused oil and gas company Serica Energy has extended its contract with Odfjell Technology for the provision of storage, preservation, maintenance, and drilling services on the North Sea Bruce platform.Kurt Meinert Fjell, Odfjell Technology…
The UK North Sea still has a lot to offer when it comes to oil and gas reserves yet to be produced. However, unpredictable fiscal conditions are denting the confidence of offshore energy-producing companies to invest and revitalize oil and gas exploration activity…
The UK-based offshore energy industry regulator, the North Sea Transition Authority (NSTA), said Monday it had opened an investigation into an operator suspected of breaching one of its license conditions.The investigation will look into whether…
The Australian oil and gas company Finder has entered into three farm-out transactions to assign to Dana Petroleum interests in three offshore blocks in the central North Sea in the UK.Dana Petroleum will acquire a 40% interest in each of P2527…
The UK Government has granted Port of Aberdeen more than £200,000 in funding to accelerate the port’s drive to Net Zero by 2040.The ‘Port Zero’ feasibility study, which is part of the Clean Maritime Demonstration Competition Round 2 (CMDC2)…
Any changes to Britain's oil and gas windfall tax law that would remove incentives to invest in the North Sea would make field developments in the ageing basin 'uneconomical', the chairman of newly-listed Ithaca Energy said on Wednesday. Ithaca…
Ithaca Energy shares dipped on their London debut on Wednesday after the North Sea oil and gas producer defied volatile markets to deliver Britain's largest initial public offering (IPO) this year, and Europe's fifth biggest. The shares opened…
North Sea oil and gas producer Ithaca Energy's planned initial public offering (IPO) in London is set to be priced at the bottom of the range at 250 pence per share, a bookrunner on the deal said on Tuesday.Ithaca's market debut will be watched…
Norwegian oil and gas major Equinor on Monday said it was interested in developing a 'gigawatt scale' floating offshore wind project off the coast of Britain in the Celtic Sea in connection with an upcoming seabed leasing round. The project…
A planned initial public offering of North Sea oil and gas producer Ithaca Energy IPO is set to price at the lower end of the previously guided range, bookrunners on the deal said on Monday.The revised price guidance is for between 250 and 270 pence per share…
UK's government is considering a plan to extend windfall taxes on oil and gas companies' profits, a government source said on Thursday, confirming a report in The Times which said the rate could be increased from 25% to 30% until 2028. The source…
More than 60% of the Port of Aberdeen's £400 million South Harbour development is now operational, marking the project's penultimate construction milestone, the port said in a statement on Thursday.The handover from construction to operations for Dunnottar…
Harbour Energy on Thursday forecast liabilities from the UK's windfall tax on energy companies to be about $400 million this year, and urged the government to 'carefully consider' the consequences of any increase or extension to the scheme. The…
UK-based workers' union Unite the union said Thursday it had served notice on Petrofac for members on the Repsol offshore platforms and terminal for an industrial action that will take place on November 16 and 17.'The industrial action will…
Ithaca Energy's London listing will be priced at 250 to 310 pence, giving the North Sea oil and gas producer an implied market value of 2.5 billion to 3.1 billion pounds ($2.87 billion to $3.56 billion), bookrunners said on Wednesday. Ithaca…
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