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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New report charts seismic challenge of wind co-located carbon storage
Full co-location of carbon storage sites with wind farms is in many cases “impossible”, the NSTA report found.
Decommissioning in the North Sea: Challenge vs Opportunity
The most recent Decommissioning Cost and Performance Report published by the North Sea Transition Authority (“NSTA”) on 9 August 2023 showed that the total cost estimate for decommissioning remaining oil and gas infrastructure on the UK Continental Shelf ("UKCS") is over £40 billion.
NSTA proposes new plan amid concerns electrification goals will be missed
The UK’s offshore regulator is consulting on new plans to drive upstream electrification, warning producers that failure to invest could affect its granting of future consents.
North Sea operator IOG to enter administration
IOG (AIM: IOG) will be placed into administration as the troubled North Sea operator is overcome with debt and operational issues.
Rosebank had three-month wait for regulator approval, documents reveal
Other recent projects had a gap of two weeks.
Rosebank approval was ‘litmus test’ for UK offshore sector
With Teal West and Victory expected to follow, Rosebank could be part of a 'bumper year' for UK FIDs in 2023.
Campaigners vow legal action over Rosebank approval – how likely is it to succeed?
There are three primary grounds for any potential challenge to Rosebank.
‘We need more projects like Rosebank’: Industry reacts to oil field approval
"We need more projects like Rosebank," says Offshore Energies UK, following news the project received has received the green light from the regulator.
Rosebank oilfield approved by UK regulator
Equinor has taken a final investment decision with partner Ithaca Energy.
Orcadian Energy may have found dancing partner on £1bn North Sea project
Orcadian Energy (AIM: ORCA) has entered into a provisional agreement with an operator on a potential farm-in to its £1bn Pilot project in the North Sea.
NSTA confirms 14 companies accept licences in first CO2 storage round
The North Sea Transition Authority (NSTA) has confirmed the final list of companies which have accepted licences following the UK’s first ever carbon storage licensing round.
Major expansion for Acorn CCS in Aberdeenshire with new carbon storage licences
The Acorn CCS project in Aberdeenshire is to expand after being awarded fresh carbon storage licences in the North Sea.
Up to 95,000 UK energy jobs at risk without investment, warns landmark report
A new report from Aberdeen’s Robert Gordon University has warned that up to 95,00 offshore energy jobs in the UK could be at risk if investment does not “increase significantly”.
NSTA to become hydrogen regulator
The North Sea Transition Authority (NSTA) is to become the regulator for the UK’s offshore hydrogen storage and transport.
North Sea emissions fall for third year running – but ‘bold measures’ needed to hit 2030 target
Emissions from North Sea oil and gas production have fallen for the third year in a row, but regulators warn that the industry has no room to rest on its laurels.
Justifying new North Sea licences ‘very simple’, hears Aberdeen event
A Westwood event in Aberdeen heard that the justification for new North Sea licences against a backdrop of energy transition is “very simple”.
Perenco shares details of additional carbon storage wins
Perenco confirmed on Thursday that it had secured two further carbon storage licences, building on the permit it announced earlier this week.
Perenco confirms UK carbon storage award at Leman
Perenco announced it has secured a licence as part of the UK’s carbon storage round, enabling its Poseidon carbon capture and storage project to proceed.
Should the UK set an end date for North Sea licences?
Rishi Sunak has confirmed that he will grant hundreds of new North Sea licences as part of an ongoing exploration round, however, is this the right move for the UK and the environment?
Window for new decom technology to make a difference is shrinking, warns sector leader
Companies developing “ground-breaking technologies” for North Sea decommissioning are up against it to deliver their solutions in time.
Inflation drives up North Sea decom bill, ‘massive’ £21bn of spend in the pipeline
The NSTA has put the increase down to heightened demand for equipment, vessels and services from other regions and sectors, as well as wider inflationary pressures.
Teal West clears final regulatory hurdle as NSTA grants consent
The door is open for a multi-million barrel North Sea oil and gas field to progress after it cleared the final regulatory hurdle.
Aberdeen University study shows CCS potential of North Sea ‘super basin’
New research led by the University of Aberdeen highlights the “huge potential” of carbon storage sites across a North Sea CCS ‘super basin’.
Sunak confirms support for ‘hundreds’ of new North Sea licences
The licences are expected to be issued in September.
‘Watching a slow-motion train crash’: UK gas demand vs production
The UK’s gas production is far from meeting the country’s demand, “we absolutely do not have a proper plan” says Richard Lowes, senior associate at the Regulatory Assistance Project.
