UK ‘not the ideal place’ to invest in new oil and gas, Deltic says
Deltic Energy said it will focus on core UK assets like the Selene prospect while pivoting its attention to international opportunities.
E&P
JAPEX considering North Sea exit by selling Seagull stake
Japan Petroleum Exploration (JAPEX) is considering exiting the North Sea as it seeks buyers for its stake in the Seagull oil and gas field, Reuters has reported.
Fire safety equipment test failures putting North Sea workers at risk
Delays in fixing damaged or corroded fire safety equipment in the North Sea is a huge cause for concern amongst workers and their families, along with those who remember what can happen when it goes disastrously wrong.
Ithaca Energy and Eni complete business combination
Ithaca Energy (LON: ITH) and Italy’s Eni have completed a business combination for the vast majority of Eni’s UK upstream oil and gas assets.
EnergyPathways prioritises developing energy storage project over Marram gas field
EnergyPathways (AIM:EPP) will focus on developing its Marram Energy Storage Hub (MESH) in the UK Irish Sea over its Marram gas project.
Deltic hit by £18m impairment from Pensacola withdrawal
Deltic Energy (AIM:DELT) has been hit with an £18 million impairment in the first half of the year over its withdrawal from the Pensacola licence.
Hartshead Resources outlines ‘exciting and encouraging’ 33rd round licences
North Sea operator Hartshead Resources (ASX:HHR) estimates it now holds more than a trillion cubic feet of gas reserves following the 33rd Licensing Round.
Hartshead Resources moves closer to field development plan for Anning and Somerville
Australian operator Hartshead Resources is moving closer to a field development plan for its Anning and Somerville development
UK ‘committing suicide economically’ over North Sea policies, Hunting CEO says
Hunting CEO Jim Johnson sees strong growth for the 150-year-old firm in South America and the Middle East, but his outlook is less positive for the UK.
Harbour bumps up Wintershall purchase completion to September
UK oil and gas company Harbour Energy (LON: HBR) expects to complete the acquisition of German firm Wintershall Dea’s asset portfolio in early September.
Orcadian no longer a ‘one-trick pony’ after licence agreement with NSTA
Orcadian Energy also said its viscous oil projects containing 'post-transition' hydrocarbons will be a good feedstock for lubricants and EV battery components.
Harbour Energy and Petrogas set to drill North Sea exploration wells
North Sea operators Harbour Energy and Petrogas are set to drill two exploration wells in the UK Continental Shelf in the coming months.
Hartshead Resources progressing North Sea projects despite windfall tax woes
Australian firm Hartshead Resources (ASX:HHR) is continuing work on its North Sea developments despite ongoing fiscal uncertainty surrounding the windfall tax.
Shell starts drilling at Deltic Energy Selene well
North Sea operator Shell has commenced drilling operations at the Selene prospect, Deltic Energy (AIM:DELT) announced today.
Windfall tax changes to ‘hasten demise’ of North Sea
North Sea observers decry "utter economic insanity" as UK government confirms windfall tax increase and extension to March 2030.
Deltic Energy to drill first North Sea exploration well in 2024
Shell has mobilised its Valaris 123 drilling unit to drill 2024’s first well at Deltic Energy’s (AIM:DELT) Selene prospect in in licence P2437.
Fynn licence opportunity for ‘significant value’ despite North Sea uncertainty
The Fynn Beauly prospect still has an opportunity to deliver "significant value" despite ongoing political uncertainty, according to North Sea operator Parkmead Group (LON:PMG).
Is the future of North Sea drilling in doubt after Supreme Court ruling?
Climate law experts say the Supreme Court's decision will likely "undermine investor confidence" in the North Sea and boost legal challenges to the Jackdaw and Rosebank developments.
Supreme Court overturns oil well approval in landmark downstream emissions case
The Supreme Court's decision in the Finch case could have implications for North Sea oil and gas firms including Shell and Equinor.
UK could beat oil output forecast by 30% if investment secured
The UK could be pumping almost 30% more oil and gas than currently projected at the end of the decade if about £20 billion of new investment can be secured, according to an industry group.
Equinor brings in new head of UK upstream
Equinor UK & Ireland senior vice-president Arne Gurnter will leave his current position for a new role within the company in September.
Former BP chief executive backs end to new North Sea licences
A former boss of BP has called for an end to new oil and gas licences in the North Sea in an apparent endorsement of Labour's election promise.
Viaro Energy in talks to buy Exxon, Shell North Sea assets
Independent energy producer Viaro Energy is reportedly nearing a deal to buy Shell and ExxonMobil’s jointly-owned gas fields in the southern North Sea.
Subsea7 to supply Serica Energy with Belinda pipeline
Serica Energy (AIM: SQZ) has awarded Subsea7 a “sizeable” contract to supply a pipeline for the company’s Belinda field development south-east of the Triton FPSO.
Orcadian Energy finds farm-in partner for North Sea Earlham discovery
Orcadian Energy (AIM:ORCA) has agreed a provisional farm-in deal with an undisclosed partner on a licence containing the Earlham discovery in the Southern North Sea (SNS).