North Sea operators urged to show ‘commitment’ to UK decom supply chain
The North Sea regulator has urged operators to show "commitment" to the UK supply chain to increase local content in decommissioning.
North Sea Transition Authority (NSTA)
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North Sea operators urged to show ‘commitment’ to UK decom supply chain
The North Sea regulator has urged operators to show "commitment" to the UK supply chain to increase local content in decommissioning.
NSTA poised to unveil new TWIST to support decommissioning sector
The North Sea Transition Authority (NSTA) is ramping up its ‘carrot and stick’ approach to decommissioning as the regulator prepares to unveil a new TWIST.
Operators could face fines as North Sea decommissioning still lags
The pace of North Sea oil and gas decommissioning continues to lag behind targets, with operators who fail to comply being liable to face fines of up to £1 million.
The fate of North Sea oil and gas: ‘It didn’t have to be this way’
This year I retired after a half century working in the UK oil and gas industry. My experience was of a fine industry which achieved stunning feats of engineering excellence and delivered economic prosperity for the UK.
Eggar retires seven months late as NSTA appoints chairperson
The North Sea Transition Authority (NSTA) has concluded its search for a new chairperson after delaying current chair Tim Eggar's retirement by seven months.
NSTA guidance aims to speed North Sea deals
The North Sea Transition Authority (NSTA) has published new guidance designed to smooth and accelerate merger and acquisition (M&A) deals between companies operating in the North Sea.
Axis unveils seven steps to energy industry equality
Seven initiatives to help energy industry businesses increase the diversity of their workforce were unveiled at an event in Aberdeen.
North Sea must ‘look beyond’ windfall tax to be ‘open for business’
UK energy minister Michael Shanks has urged North Sea investors to "look beyond" the government's proposed windfall tax, despite warnings the oil and gas sector is "under threat".
North Sea energy choice: face ‘premature end’ or be ‘shining example’
Industry and policy makers have a choice, either the UK North Sea faces a "premature end" or it could be a " shining example of how to transition an oil and gas province into a clean energy super basin".
Polluting North Sea emissions drop but carbon intensity rises – NSTA
The amount of carbon emitted by gas produced in the UK North Sea is four times lower than imported liquified natural gas (LNG), but North Sea emissions are higher than the gas imported from Norway via pipeline, according to the latest Emissions Monitoring Report from the North Sea Transition Authority (NSTA).
Increased North Sea well intervention ‘huge opportunity’ for UK supply chain, NSTA says
Increased well intervention could provide a "huge opportunity" for the North Sea supply chain and lead to "cheaper, easier, cleaner" UK production, according to the North Sea Transition Authority (NSTA).
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
NSTA considers naming operators that fail to meet decommissioning deadlines
The North Sea Transition Authority (NSTA) regulator is warning it could soon name and shame operators who fail to meet decommissioning deadlines.
EVOL: Wooing Wood, making bank and CCS support
Wood had a rough landing this week, but the big boss reassured Erikka that things are on the turn. A number of suitors have come calling but failed to close, in testament to the company’s attractiveness Ken Gilmartin said.
Greater Laggan Area wins life extension with new oil and gas licences
Kistos said the licensing would "extend the life of existing infrastructure and maximise economic output".
Continued delayed operator payments create ‘a master-slave relationship’
In 2023 more than a fifth of invoices sent to oil firms were paid late, continuing a “master-slave relationship” between operators and supply chain, according to unions.
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.
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).
NSTA opens investigation into North Sea well decommissioning delays
Oil and gas operators will risk facing fines if they continue to miss well decommissioning deadlines, the North Sea Transition Authority (NSTA) has warned.
UK government denies it has banned new North Sea drilling
Government insists oil and gas firms that have already applied for licences to explore and drill in the North Sea will not be blocked.
‘We’ve got to let our actions talk’ when it comes to cutting emissions, says NSTA boss
The UK oil and gas industry remains of huge importance to the economy, even though it's massively depleted after almost 50 years of oil and approaching 60 years of gas production.
North Sea could produce another 5bn barrels – but only if it cuts carbon
The North Sea basin could produce another 5 billion barrels of oil and gas - but only if it can strip carbon pollution from its operations, the industry regulator has warned.
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.
Irish Sea gas developer EnergyPathways confirms “out of round” licence requests
Gas firm EnergyPathways (AIM:EPP) has made an "out of round" bid for gas production and storage licences in the Irish Sea as it reports progress on its Marram project.
North Sea oil and gas firms must “get cleaner” – regulator
North Sea oil and gas operators could invest up to £3 billion on projects aimed at cutting 32m tonnes of CO2 emissions, a new review has found.