Operators gearing up to sanction two of the largest undeveloped discoveries in UK

Following the extensions of licences for two of the largest undeveloped discoveries off the UK, operators of these two projects are laying the groundwork for their final investment decisions. Premium content Checking for account. You need javascript to validate your … Read More

UK imposes windfall tax on oil & gas producers

The UK government has announced it will introduce a windfall tax on oil and gas operators as it is working to alleviate the cost-of-living crisis in the country. The announcement comes amid challenges posed by high inflation – the highest … Read More

UK player frustrated by production shut-in at North Sea gas project

UK-headquartered IOG plc has revealed that production at its Saturn Banks Project – Phase 1, located in the UK sector of the North Sea, has been shut-in following liquids handling issues discovered by Perenco (UK) Limited (PUK). Sanctioned in October … Read More

In focus: the road ahead and the future of energy

When it comes to securing energy in a sustainable way in the future, we have entered a junction where we have to choose a way forward. When you come to a point like this, it is good to stop, look … Read More

New North Sea projects targeting 1.3 billion barrels of oil and gas

The annual performance review for the UK’s top producers highlighted 33 new projects targeting 1.3 billion barrels of oil and gas, which will significantly bolster the country’s energy security, the country’s regulator has revealed. The North Sea Transition Authority (NSTA) … Read More

UK regulator draws attention to competition concerns in Noble-Maersk merger

The UK’s competition regulator has found that the proposed merger of Noble Corporation and Maersk Drilling could increase operating costs for oil and gas producers in the UK North Sea due to lessening of competition. The merger between Noble and … Read More

UK players join forces to drill in North Sea later this year

Two UK-headquartered and AIM-listed oil and gas companies – i3 Energy and Europa Oil & Gas – have inked a farm-in agreement (FIA) for a sub-area of UKCS Licence P.2358, containing the Serenity discovery in the UK North Sea. Back … Read More

Heerema setting the scene for removal of platform from UK waters after 45 years

Dutch offshore contractor Heerema Marine Contractors has put the wheels in motion for the world’s largest crane vessel, Sleipnir, to remove an offshore platform from the waters off the UK after 45 years. As informed by Heerema Marine Contractors in … Read More

Activists block 10 oil facilities across UK to demand immediate halt to new fossil fuel projects

On a quest to end further fossil fuel extraction, environmental activists from groups in the Just Stop Oil coalition and Extinction Rebellion have blocked ten oil terminals across the UK, demanding a stop to new oil and gas projects and … Read More

UK oil & gas regulator rebrands to reflect role in energy transition

UK’s oil and gas regulator, the Oil and Gas Authority (OGA), has changed its name to the North Sea Transition Authority (NSTA) to reflect its evolving role in the energy transition. In 2021, the OGA revised its strategy to put … Read More