Ukcs News


JOG Targets 2026 for First Oil from Greater Buchan Area as Farm-out Deal Struck

Apr 06, 2023

UK North Sea-focused oil and gas company Jersey Oil & Gas (JOG) said Thursday it had agreed to farm out a 50% interest in the Greater Buchan Area in the UK North Sea to NEO Energy.In exchange for entering into definitive agreements to divest…

Viaro Energy's RockRose to Acquire Stake in Hartshead's North Sea Gas Fields

Apr 05, 2023

Viaro Energy's subsidiary RockRose Energy has struck a farm-in agreement with Hartshead Resources, to acquire a 60% working interest in Production Licence P.2607 containing the Anning and Somerville fields in the UK North Sea. Hartshead will retain a 40% working interest in the offshore license…

EnQuest Posts 31% Rise in 2022 Free Cash Flow, Windfall Tax Weighs

Apr 05, 2023

British North Sea-focused oil producer EnQuest said on Wednesday that its 2022 free cash flow jumped 31% from the previous year to $519 million on the back of higher prices, beating guidance, but a windfall tax weighed on its accounts. EnQuest has deferred drilling on its Kraken field…

UK North Sea: Sparrows Offshore Workers to Strike Over Pay. 'Dozens' of Platforms and Operators Impacted, Unite Says

Apr 03, 2023

Around 150 Sparrows Offshore Services contractors on offshore facilities in the UK will start strike action in a dispute over pay from Wednesday, April 5, workers' union Unite said Monday.'Dozens of platforms and operators to be hit including Shell and Harbour Energy…

Jersey Oil & Gas in Exclusive Talks Over Greater Buchan Area Farm-out

Mar 31, 2023

UK North Sea-focused oil and gas company Jersey Oil & Gas said Friday it was in advanced exclusive negotiations with a significant UK North Sea operator over a farm-out of its interest in the Greater Buchan Alpha offshore licenses.Jersey Oil…

UK Shortlists BP, Equinor Low-carbon Gas Power Project for Support

Mar 31, 2023

Britain shortlisted for state support a project by BP BP.L and Equinor to build a large-scale gas power plant with carbon capture and storage (CCS), the government's latest selection round showed on Thursday.The British government has shortlisted…

TotalEnergies Spuds Benriach Offshore Well in UK. Targets 638 Bcf of Resources

Mar 29, 2023

French oil major TotalEnergies has spudded the 'highly prospective' Benriach Well in the Laggan Tormore area, west of Shetland, UK.This is according to Kistos, TotalEnergies' partner in the project, who said Tuesday that TotalEnergies had started drilling at the exploration well…

Havfram Wind to Transport and Install Turbines for Vattenfall's Multi-GW Norfolk Projects

Mar 29, 2023

Energy firm Vattenfall has selected offshore installation company Havfram Wind as a preferred supplier for the wind turbine installation services for Vattenfall’s Norfolk projects in the United Kingdom. Havfram Wind will transport and install the turbines over a period of 3 years…

UK Oil, Gas Firms to Leave Year's Worth of Output in Ground with Tax Hikes

Mar 28, 2023

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…

Worley Workers on Harbour Energy's UK Offshore Platforms Vote for Strike Action

Mar 27, 2023

UK-based workers' union Unite said Saturday that its Worley Services UK members were the latest group of offshore workers to demand a better deal on jobs, pay, and conditions in the UK Continental Shelf (UKCS).Unite said that a 100% of over 50 workers…

Crown Estate Scotland Selects 13 Offshore Wind Projects to Decarbonize Oil Platforms

Mar 24, 2023

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…

Capricorn Energy to Cut Jobs in UK

Mar 24, 2023

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…

Serica Energy Completes Acquisition of Tailwind Energy

Mar 23, 2023

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…

BP Petrofac Workers to Support North Sea Strikes Over Pay

Mar 22, 2023

UK's Unite the union on Wednesday said that its members at BP Petrofac sites have voted to support a strike over pay at oil and gas facilities in the North Sea.'The vote will see the BP Petrofac workers join 1,400 others in dispute with their employers…

UK Oil Firm Faces Scrutiny, Penalty over Failure to Shoot Seismic Survey

Mar 21, 2023

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…

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