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)
North Sea Transition Authority (NSTA) News
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NSTA carbon storage licensing projects start to lock in industrial partners
The UK government outlined its CCUS Vision in December, but where will the carbon set to be stored in offshore sites be sourced from?
Australia’s Finder Energy estimates 206 million boe at North Sea Boaz prospect
Australian oil and gas explorer Finder Energy (ASX:FDR) has outlined details of its Boaz gas prospect in the Central North Sea.
Environmental groups launch legal challenges against Rosebank approval
Uplift and Greenpeace will challenge the decision to approve Rosebank on the basis of downstream emissions, legally binding net zero targets and impacts to marine life.
‘Embarrassing’: NSTA criticised for ‘paltry fine’ against Repsol
The North Sea Transition Authority (NSTA) has been criticised for a “paltry fine” against operator Repsol for breaching emissions rules.
North Sea operator Repsol hit with £160,000 fine over emissions breach
Repsol handed the North Sea's largest-ever fine over emissions.
NSTA CCS boss talks about making the Track process ‘sustainable’
"Continuing to fund projects in the way the Tracks 1 and 2 are doing isn’t something that is sustainable," says the NSTA's manager of UK carbon transportation and storage.
NSTA consults on new levy to fund carbon storage management
The North Sea Transition Authority (NSTA) has mooted plans for a new industry levy to help fund its oversight of the carbon capture and storage (CCS) sector.
Orcadian agrees seven day extension with potential Pilot operator
Orcadian (AIM: ORCA) has agreed a a seven day extension with a potential operator on its P2244 licence in the Pilot field.
NSTA: £4bn of North Sea developments approved in 2023
The North Sea’s regulator said the approval of seven developments this year, worth a combined £4 billion, represented “strong votes of confidence” in the basin.
Time to get ready for CCS plans
“The world is not just North America and Europe,” he said. “We need the best projects in the best places, not just in the best tax regimes.”
NSTA: Slow progress on emissions reduction is ‘threat’ to MER
The North Sea regulator warned that not moving quickly enough on efforts to reduce North Sea upstream emissions is a “threat” to economic recovery as it consults the sector on new measures to speed progress.
NSTA plan will see North Sea platforms shut early, operators warn
North Sea operators have raised “serious concerns” over a new plan from the NSTA regulator, warning that shutdown of UK platforms could be “dramatically accelerated”.
Wood Mac: New UK licences need major discovery to ‘whet Shell’s appetite’
Shell (LON: SHEL) will need as much as one trillion cubic feet of gas from exploration licences in the West of Shetland to "truly whet its appetite", according to analysis by Wood Mackenzie.
Ensuring UK firms are ‘competitive’ when vying for ‘monster platforms’ decom work
The UK has seen large-scale decommissioning work go overseas, OEUK’s decommissioning manager Ricky Thomson says firms need to remain “competitive” to win contracts for these “monster platforms.”
Exclusive: NSTA pushes North Sea operators on well decom commitments
Amid ongoing uncertainty around tax, inflationary costs and supply chain availability, the North Sea’s regulator has written to operators impressing the need to maintain their commitments with regard to timely well decommissioning.
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.
Which companies secured offers in the 33rd Licensing Round?
The UK's offshore regulator has published details of the companies which have secured licence offers as part of its latest North Sea 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.
NSTA faces legal hearing over disclosure of Brent decom paperwork
The UK’s oil and gas regulator is set to face a legal hearing over the disclosure of key documents on the decommissioning of Shell’s Brent oil field in the North Sea.
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.
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.
New NSTA electrification plans matter of ‘huge concern’ for operators
New proposals by the UK North Sea regulator on emissions and electrification are likely to impact future exploration and decommissioning plans across the basin, according to analysts.
Cerulean: Regulator to crack electrification whip as NSTD targets loom
In spite of the multiple pressures facing the North Sea, or possibly because of them, the need to decarbonise oil and gas production remains paramount.
‘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.
