Windfall tax blamed for collapse of United-Quattro North Sea licence deal
United Oil & Gas (LON: UOG) has terminated an asset purchase agreement with Quattro Energy for the conditional sale of a North Sea licence.
E&P
Serica subsidiary Tailwind Energy receives North Sea block in 33rd licensing round
Tailwind Energy, a subsidiary of London-listed (LON: SQZ) Serica Energy, has been awarded a 100% interest in a North Sea block as part of the 33rd licensing round.
Environmental groups lambast ‘despicable decision’ to award new North Sea licences
Environmental campaign groups have criticised the latest awarding of new oil and gas licences by the North Sea Transition Authority (NSTA).
First 27 North Sea licences awarded in 33rd UK oil and gas round
The award of 27 new oil and gas licences is being hailed as a"welcome boost" for the UK North Sea industry.
Orcadian granted conditional extension to North Sea Pilot licence
Orcadian Energy has announced the North Sea Transition Authority (NSTA) is prepared to grant a two-year extension on its P2244 licence in the Pilot field, subject to certain conditions.
Equinor’s Breidablikk field starts production four months early
Equinor has announced production from the Breidablikk field in the North Sea began on October 20, four months ahead of schedule.
Greenpeace vows to appeal after losing court challenge to new North Sea oil and gas licenses
Environmental campaign group Greenpeace has vowed to appeal after it lost a legal challenge against a new major UK oil and gas licensing round.
Rosebank a “difficult decision” for Equinor CEO
“I believe developing Rosebank will be needed, as oil and gas will be needed in the energy transition. Our strategy is to develop oil and gas, renewables and low carbon solutions.”
Shell CEO reassures staff he believes in climate action
Shell Plc (LON: SHEL) chief executive officer Wael Sawan told the company’s staff that he “believes in urgent climate action,” despite shifting focus toward its core oil and gas businesses.
Aberdeen-based OSSO secures new Saudi partnership, doubles Mid East revenue
Aberdeen-based oilfield equipment specialist OSSO will form a new partnership with a Saudi company after it more than doubled its revenues in the Middle East.
‘Disappointing’ lack of wells risks early North Sea decline, warns NSTA
Assets are at risk of being shut down early, says the regulator, as the number of wells drilled drops.
Devil’s Hole Horst: Rig heads off for hot North Sea target
Work is getting underway on Devil's Hole Horst, a hotly-anticipated exploration prize in the UK North Sea.
Norway grants ConocoPhillips start-up consent for £1 billion Tommeliten A field
Norwegian authorities have granted ConocoPhillips start-up consent for its NOK 13 billion (£1 billion) Tommeliten A cross-border gas field.
Repsol Sinopec cancels Tain North Sea project, blow to i3’s ‘Serenity’
The move casts doubt over i3 Energy's "Serenity" prospect, which was hoped to be unitised with Tain.
Well Slot: Who’s drilling in the UK North Sea and Norway?
August update: K2, Leverett and Earn underway, and Norway takes off.
Harbour Energy completes drilling at Tolmount East site
Harbour Energy (LON: HBR) has completed drilling of the Tolmount East project ahead of first gas expected later this year.
Serica Energy balances buoyant results with ‘wholly unwelcome’ windfall tax
Serica reported a large increase to pre-tax profits but lambasted the “burden” of the UK windfall tax on the wider industry.
Dabinett: Horizon confirms high-impact target to be drilled in 2024
Horizon Energy Global has confirmed its plan to drill the high-impact Dabinett North Sea well in 2024.
More challenges as North Sea driller IOG faces administration fears
Troubled IOG has key licence extensions blocked by NSTA as it risks administration over impending interest payments.
UK government formally approves new North Sea oil project
The UK Government has formally approved the Affleck redevelopment - a new oil project in the North Sea.
Chris Cox and Curium Resources going after North Sea’s untapped discoveries
A “fundamental belief” that the UK should be developing its North Sea resources is the big driver behind Chris Cox’s new vehicle, Curium Resources.
EnQuest takes first half loss, calls for government action
"The UK's oil and gas sector faces significant challenges and loss of competitiveness due to uncertainty following the adverse changes to the fiscal regime,” said EnQuest CEO Amjad Bseisu.
Global Maritime secures work on ONE-Dyas North Sea gas project
Offshore engineering consultancy Global Maritime has secured marine warranty surveyor (MWS) services for a ONE-Dyas North Sea field.
Appraisal drilling at Ithaca K2 prospect ongoing with results expected in ‘next few weeks’
The results of a hotly-anticipated North Sea exploration well are due to be released in the “next few weeks”.
Selene: Shell and Deltic start surveys on North Sea exploration well
Shell (LON: SHEL) and Deltic Energy (AIM: DELT) have kicked off site surveys for the Selene exploration well in the North Sea.