UK spent ‘more money doing less’ on decommissioning in 2023
Rising costs meant North Sea operators spent "more money doing less work" on offshore decommissioning in 2023, according to an industry report.
North Sea
North Sea Oil and Gas
Aberdeen’s Well-Safe Solutions secures £20m in North Sea decom contracts
Well decommissioning specialist Well-Safe Solutions has secured two contracts with North Sea operators worth $25 million (£19.8m).
Rosebank axing would cost jobs and money, court hears
A landmark hearing concluded Friday that will decide the future of Rosebank, the UK’s largest undeveloped oil field.
Ocean Winds installs final turbine at Moray West
Ocean Winds has installed the 60th and final wind turbine at its Moray West offshore wind farm in the Moray Firth.
Deltic shares surge on ‘highly encouraging’ Shell backing for Selene well
Shell (LON:SHEL) has given the green light to the next stage of a gas discovery in the Southern North Sea, delivering a shares boost for its partner Deltic Energy (AIM:DELT).
Omani firm Petrogas makes first gas discovery in UK North Sea
Omani operator Petrogas has announced its maiden offshore gas discovery in the UK North Sea following a recent drilling campaign.
All North Sea Posts
Aberdeen subsea firm takes on ESG lead to spur net-zero growth
J&S Subsea has unveiled a new appointment in a bid to drive growth in the circular economy and help clients boost their environmental credentials.
North Sea explorer wound up following licence sell-off
North Sea explorer Azinor Catalyst is undergoing voluntary liquidation in the wake of a series of relinquishments and deals to offload its North Sea licences.
More strikes on the way as 600 Bilfinger workers knock back pay offers
Hundreds of offshore workers employed by Bilfinger UK have rejected new pay offers as a bitter dispute over wages and working conditions rumbles on.
Rights secured for 140 North Sea workers as Unite strikes pact with Cnooc
Trade union Unite is hailing a “significant” milestone after signing a recognition deal with a major North Sea operator.
Business is back to better than normal for Port of Aberdeen
Port of Aberdeen has reported a return to pre-pandemic levels of activity a year earlier than expected, with 2023 showing further progress.
Sale of UK North Sea discovery delayed yet again
The sale of a UK North Sea oil and gas discovery has been delayed for the second time since its announcement in January.
‘Enough to get on with’: Industry in no rush for INTOG 2
A panel of industry experts suggested there would not rush to hold an 'INTOG 2' leasing round, given the challenges and pace needed to deliver existing projects in tandem with ScotWind.
Industry mental health charter could be “game changer” for North Sea workers
Figures from across the industry have helped develop a new charter that would see companies commit to improving the mental health of offshore workers.
Brae Bravo picture amongst winners of 2023 Decom Mission Awards
TAQA was honoured with an award for outstanding photography at a ceremony celebrating the decommissioning sector in Aberdeen last night.
Tax uncertainty leading to fewer fresh faces in North Sea deals, says M&A experts
Fiscal complexity and uncertainty around future tax changes is being blamed for a lack of new entrants into the UK offshore oil and gas sector.
Who’s bidding in the first ever UK CCS licensing round?
With awards rumoured to be on the way, we take a look at the companies who have announced public bids for acreage in the first UK CCS licensing round.
Piper Alpha memorial garden: £35,000 for new roses but no major changes as revamp talks continue
No major changes are to be made in the Piper Alpha memorial garden ahead of the 35th anniversary of the disaster.
Demolition of former Baker Hughes Aberdeen site under way
The demolition of an energy service firm’s former building in Aberdeen has begun.
North Sea task force rebrands amid drive for offshore storage
An industry task force of subsurface experts has relaunched with a new name to reflect an “evolution” in its activities and membership.
Elemental Energies acquires Aberdeen’s Norwell Engineering (exclusive)
Newcomer Elemental Energies has continued its run of acquisitions with the buy-out of fellow Aberdeen firm Norwell Engineering.
North Sea being taxed ‘to death’ says Ineos owner Ratcliffe
Sir Jim Ratcliffe said the windfall tax raises doubts about upgrades to the Forties Pipeline System.
Reduced growth market exposure may have cut Apollo interest in Wood: Analyst
An analyst has given his verdict on items which may have cut Apollo’s appetite in taking over Aberdeen engineering group Wood (LON: WG) - namely growth market exposure.
Fire system malfunction on Harbour’s Solan sparks North Sea safety alert
A faulty switch on board the Harbour Energy Solan platform led to the release of 400kg of fire suppressant gas.
Farm-outs scrapped as Orcadian Energy loses North Sea licence
Orcadian Energy (AIM: ORCA) has been forced to give up a 25 million-barrel North Sea discovery after the NSTA regulator stepped in.
UK homes facing £6,000 bill for imported gas over next 12 years
The Energy and Climate Change Intelligence Unit (ECIU) said that it would not be possible to avoid this by producing more gas domestically, as the UK's North Sea reserves are dwindling.
How can Aberdeen ensure its getting the best skills for the energy transition?
Aberdeen’s ongoing transition of decarbonising the oil and gas industry and investing in the development of sustainable green energies has the potential to inject new life into the city, restoring its position on the world stage as an economic powerhouse.
EnQuest to make Sullom Voe Terminal infrastructure ‘fit for purpose’
The operator of the Sullom Voe Terminal, EnQuest (LON: ENQ), is planning to rework its processing facilities to make the site smaller and reflect “substantially” reduced production rates.
Oil price still a concern for offshore wind supply chain
Fluctuating commodity prices and a wave of early retirees mean the oil and gas supply chain has been drawn away from more work in offshore wind, according to a panel of industry contractors.
Viaro, Hartshead North Sea farm-in completes after clearing regulatory hurdle
Viaro Energy’s has successfully bought majority stakes in a series of North Sea fields held by Hartshead Resources (ASX: HHR).
FM pays tribute to ‘phenomenal’ oil workers as he calls for strikes resolution
Humza Yousaf has called for all parties to find a resolution to the swathe of strikes currently taking place across the North Sea.
