Ukcs News

 

UK: Oil Firms Failing to Meet Drilling Obligations Face Financial Penalties

Oct 28, 2022

The UK oil and gas regulator North Sea Transition Authority (NSTA) warned the industry on Friday that it would not hesitate to take action against companies that fail to meet their license obligations. 'An investigation has been opened into whether a company…

Centrica Reopens UK's Rough Gas Storage Site in Time for Winter

Oct 28, 2022

British Gas owner Centrica has reopened its Rough gas storage site off England's east coast at about 20% of its previous capacity, enough to heat 1 million homes for 100 days this winter, the company said on Friday.Countries across Europe have…

Scotland: MPS to Provide Floating Platform for Simply Blue's Planned 100MW Wind Farm

Oct 25, 2022

Renewable energy technology company Marine Power Systems has partnered up with floating wind farm developer Simply Blue Group to develop a project proposal for the Innovation and Targeted Oil and Gas (INTOG) leasing round run by Crown Estate Scotland…

Island Drilling's Offshore Rig Lands $30M Contract with Dana Petroleum

Oct 25, 2022

Offshore drilling firm Island Drilling has signed a drilling contract with Dana Petroleum for a drilling program in the UK in 2023.For this, Island Drilling will supply its 2012-built harsh-environment semi-submersible drilling rig, Island Innovator…

North Sea Firm IOG Names New CEO, COO, CFO after Output Guidance Cuts, Drilling Setback

Oct 21, 2022

Andrew Hockey, CEO of the UK-based oil and gas company IOG, with gas fields in the Southern North Sea, is set to step down after nearly five years in the role. IOG's Chief Operating Officer, David Gibson, is stepping down, too.The news of the resignations came Wednesday…

TotalEnergies Charters PSV with Baterry-Hybrid System for UK Ops

Oct 19, 2022

Oil and gas company TotalEnergies UK and the Norwegian offshore vessel owner Solstad Offshore have signed a long-term contract for the platform supply vessel Normand Falnes. According to Solstad Offshore, the contract is one of the first long…

UK North Sea Oil Firm Ithaca Energy Eyes London Listing

Oct 18, 2022

North Sea oil and gas producer Ithaca Energy said on Tuesday it is planning a London listing, stoking hopes for a fourth quarter recovery in a stock market overshadowed by the dismal economic outlook.The initial public offering (IPO) will test…

Norway's Equinor May Buy UK North Sea Oil Fields from China's CNOOC

Oct 17, 2022

Norway's Equinor considering buying oilfields in the British North Sea from China's CNOOC, including a big stake in the huge Buzzard oilfield, two industry sources told Reuters on Monday. The deal is valued at between 20 billion and 30 billion Norwegian crowns ($1…

UK Adds 34 Blocks to Latest Oil and Gas Licensing Round

Oct 13, 2022

Britain is offering an additional 34 exploration blocks to its first oil and gas exploration licensing round since 2019, the North Sea Transition Authority (NSTA) said on Thursday. On Oct. 7, the NSTA initially offered 898 blocks, encouraging applications…

BP Looks to North Sea, U.S. Shale for Near-term Oil and Gas Boost

Oct 07, 2022

BP is targeting the North Sea and U.S. shale basins to boost oil and gas supplies in the short term in response to the global energy crisis, its head of oil and gas operations told Reuters.BP aims to cut its oil and gas output by 40%, or 1 million barrels of oil equivalent per day (boed)…

UK Launches Offshore Oil, Gas Licensing Round to Boost Domestic Supply

Oct 07, 2022

Britain on Friday launched its first oil and gas exploration licensing round since 2019 on Friday to try and boost domestic hydrocarbon output as Europe weans itself off Russian fuel.The British North Sea, home to the global Brent benchmark grade…

CORRECTED - Waldorf Agrees to Buy KNOC-owned Dutch N. Sea Gas Producer Dana

Oct 06, 2022

Corrects with Dana Petroleum spokesman comment to clarify deal refers only to Dutch business.Korea National Oil Corporation agreed to sell the Dutch assets of North Sea oil and gas producer Dana Petroleum to private firm Waldorf Production,…

Prosafe's Safe Boreas Flotel Extends UKCS Stay

Sep 30, 2022

Norway-based offshore accommodation firm Prosafe has secured a contract extension in the North Sea for its Safe Boreas semi-submersible accommodation rig.'The client chartering the Safe Boreas to provide gangway-connected operations to support…

Serica Energy's 'High-impact' Wildcat Drilling Faces Delays Due to Rig Equipment Failure

Sep 14, 2022

Serica Energy has hit a snag with the drilling of a high-impact North Eigg exploration well off the UK due to rig equipment failure, and the operations are now expected to take six weeks longer than originally expected. According to Serica,…

No Details on UK Oil and Gas Licensing Round Until End of Mourning

Sep 12, 2022

No details of an oil and gas licensing round in the British North Sea will emerge until after the official mourning period for Queen Elizabeth ends on Sept. 20, a spokesman for the North Sea Transition Authority said on Monday.New British Prime Minister Liz Truss…

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