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).
E&P
SNP signals re-think to ban on future oil and gas exploration
Net Zero Secretary Mairi McAllan said the SNP will take a "more nuanced" approach than Labour who want to ban future exploration.
Serica Energy gets NSTA approval for £100m North Sea Belinda development
Independent operator Serica Energy (AIM: SQZ) has received final approval from the North Sea Transition Authority (NSTA) regulator for its £100 million Belinda development.
Cambo fate will be decided in months as Ithaca weighs tax uncertainty
A decision on whether the controversial Cambo field will be sanctioned or delayed is set to be decided in months as bosses weight the impact of North Sea tax policy.
Orcadian floats plan to link gas field to grid via offshore wind cable
We saw a really good opportunity to put together a completely different development plan for the Earlham discovery
Finder Energy plans to build out position near giant Buzzard field
Australian operator Finder Energy (ASX:FDR) has outlined its plans for two licences it received in the latest tranche of the 33rd licensing round.
North Sea operator Hartshead Resources shares in trading halt
Australia-listed North Sea operator Hartshead Resources (ASX:HHR) has been placed into a trading halt at the company's request, pending an announcement.
NSTA introduces oil and gas licensing clause for offshore wind overlap
The North Sea Transition Authority (NSTA) has introduced a new clause for oil and gas licences which overlap with offshore wind leases.
Sir Jim Ratcliffe’s Ineos delivers £10 million boost for Aberdeen firm Apollo
A major new contract puts Apollo in charge of a big project in the Danish North Sea.
NSTA reveals winners of latest North Sea licensing round
The third tranche of the 33rd offshore licensing round sees 19 companies awarded North Sea licences
HSE blasts Diamond for poor procedures ahead of incident at BP field
The Ocean GreatWhite rig was working for BP in the West of Shetland when the incident took place
Perenco hit by record £225,000 NSTA fine for gas venting
The North Sea Transition Authority (NSTA) has fined Perenco £225,000, the highest ever financial penalty handed out by the body, over excess gas venting.
Valaris rig heads for North Sea contracts with Ithaca Energy and Shell
Valaris (NYSE: VAL) has mobilised its 123 jack-up rig for work with Ithaca Energy, Shell and TAQA in the North Sea which could keep it busy for the next two years.
North Sea firm warns windfall tax risks derailing project
Europa Oil & Gas (AIM: EOG) has warned that its Serenity oil development in the Central North Sea could be hit by a new government changing its fiscal policy.
Syros: Deltic eyes farm out on ‘drill-ready’ project by end of year
Hot off its Southern North Sea success with Shell, Deltic Energy (AIM: DELT) said it is progressing plans for a farm out deal on its “drill-ready” Syros prospect by the end of this year.
Orcadian says Elke North Sea prospect has potential to be ‘bigger than Pilot’
Orcadian Energy CEO also said first oil could be achieved at its Pilot development by 2028
Table: The 20 firms commanding the UK’s North Sea oil and gas hubs
New research has cast light on the top companies commanding the majority of the UK's North Sea production and spending.
COSL rig heads for UK to kick off Serica Energy campaign
Move could see development of Belinda discovery in UK.
Petrogas mulls takeover of Spirit Energy hub for new UK gas project
Petrogas is weighing options for two new UK North Sea gas projects – including taking over an old Spirit Energy hub.
UK North Sea league table sees shift in top producers
There’s been a raft of relegations and promotions in the last year for the league table of the top 15 production hubs in the UK North Sea.
Perenco brings on new production at Southern North Sea hub
Perenco has increased its SNS production by 20%.
Skerryvore: The UK North Sea ‘well to watch’ this year
Analysts have named Parkmead Group’s (AIM: PMG) Skerryvore as the UK North Sea well to watch this year.
Apache’s Beryl and Forties to go ‘cash flow negative’ on end to drilling decision
Welligence analysis shows Apache decision to halt drilling at Beryl and Forties hubs will significantly impact field production life.
Equinor targets US, UK and Brazil for cash flow growth
“But most of the cash flow increase is coming from improvements in the quality of the portfolio. We're shifting from mature legacy assets to next generation assets.”
DNO acquires interest in Arran field expanding North Sea portfolio
Norwegian oil and gas operator DNO (OSL:DNO) is expanding its UK North Sea portfolio, acquiring a 25% interest in the Arran field from Dutch firm ONE-Dyas.