Kistos says that ‘adverse changes’ in the fiscal environment within the UK means that TotalEnergies' Edradour West, rather than Glendronach, is expected to go ahead next in the Greater Laggan Area (GLA).
TotalEnergies is weighing up its projects for FID (final investment decision) in the West of Shetland, but the uncertain fiscal regime in the UK may have an impact.
Kistos (LSE: KIST) says it is “ready to sanction” the Glendronach and Edradour West projects in the West of Shetland, pending agreement with operator TotalEnergies.
Kistos (AIM:KIST) has confirmed plans by TotalEnergies to spud its much-anticipated Benriach well in Q2 of 2023, while a final decision on Glendronach is to be further delayed.
French supermajor TotalEnergies (LON: TTE) is ramping up activity at its Glendronach gas discovery West of Shetland.
Operators are cracking on with decommissioning with numerous wells in line to be plugged and abandoned (P&A) in the coming months, particularly West of Shetland.
TotalEnergies (LON: TTE) is putting the final touches on two lucrative contracts for its Glendronach gas discovery.
TotalEnergies (LON: TTE) (NYSE: TTE) has pledged to develop its Glendronach gas discovery in a ‘low cost, low emissions way’, in line with its new strategy.
TotalEnergies is seeking to sell part of its stake in the huge Laggan Tormore gas field in the west of Shetland, according to a news article.
The West of Shetland oil and gas (WoS) basin has long been held aloft as the UK’s last great hope for indigenous oil and gas production growth.
Energy Voice recently reported on Shetland Islands Council's ambitions to retain more tax revenue from oil and gas operations around the isles in its self-determination bid. Jon Fitzpatrick, managing director of consultancy Gneiss Energy, gives his view.
Total has put off making a final investment decision (FID) on its Glendronach gas discovery until next year, project partner Ineos has said.
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
Total’s latest discovery shows the French energy giant still has the Midas touch when it comes to finding new North Sea reservoirs, an analyst has said.
One of the largest offshore discoveries in UK waters of the last decade has had its recoverable resources cut by 40% following an appraisal well.
Total is facing “economic challenges” for a major discovery in the West of Shetland after an appraisal well yielded results “at the lower end of expectations”.
Welcoming a new year heralds a time for reflecting on the year that was and what is to come.
Total E&P UK swung to a £525.4million pre-tax profit last year with higher oil prices and an end to impairments in the west of Shetland.
Energy giant Total has said it sees “new potential for investments” in the North Sea off the back of exploration successes in the UK.
Total has started drilling an appraisal well at its Glendronach discovery in the West of Shetland.
Total will remain one of the major players in the UK North Sea despite the proposed sale of a package of assets to Petrogas in a £509m deal.
Only two out of seven Stena Drilling rigs had work on their plates at the start of last year.
New North Sea discoveries have acted as a “beacon” for the rest of the industry, according to the Oil and Gas Authority’s (OGA) head of exploration.
SSE has announced it is “taking active steps” to sell off its North Sea gas production business as it focusses on renewable energy sources.
Energy giant Total has said it is just weeks away from starting up production at one of the UK’s largest offshore gas fields.