Ping Petroleum is pressing ahead with plans to develop the Avalon field in the UK North Sea, hailed by bosses as a “pioneering scheme” to slash production emissions from oil and gas.
Chancellor Jeremy Hunt is due to hold a meeting on Friday on the windfall tax, Energy Voice understands, with oil and gas executives seeking a price floor to the levy.
We were invited to the world premiere of The Rig – Amazon Prime’s new tv show set in the North Sea. We’ve tried to keep the following spoiler-free as possible but proceed at your own risk.
UK oil and gas producers are lobbying for a price floor to be introduced to combat the negative impacts of the latest windfall tax, according to reports.
Offshore support vessel operator North Star is today announcing a £140 million finance package to support a “next wave” expansion of its renewables fleet.
"Looking ahead to 2023, it's pretty clear that what we are looking for is boredom”, says Addleshaw Goddard partner and co-head of oil and gas, Paul Jones, after the turbulence of the past 12 months.
By Stephen Coomber, senior analyst, Westwood Global Energy Group
As of 25 November, Westwood Global Energy reports that there are three exploration wells active, with one in the CNS, one in the NNS and one in the SNS. One appraisal well is currently active in the CNS. Since the previous report, one well has completed at Rockhopper.
Ithaca Energy is preparing to pull the trigger on hundreds-of-millions of pounds worth of spend, should a handful of North Sea projects get the go ahead.
A host of North Sea environmental statements (ES), lodged between April and August, are still to be rubber stamped, with some expected to receive sign off before the year is out.
Tory MPs have told Chancellor Jeremy Hunt that the windfall tax on oil and gas companies needs to be watered down to avoid an “existential threat” to the North Sea.