Ithaca Energy buys Summit Exploration’s North Sea business for $224m
Ithaca Energy has struck a deal to acquire North Sea player Summit Exploration and Production for $224 million (£170.5m).
North Sea
BP UK boss Louise Kingham delivers ‘shock to the system’
Louise Kingham admits she may be a bit of a “shock to the system”, but as head of the UK business of energy giant BP, a good jolt is what is needed.
ABB to supply power from shore system to axe emissions from North Sea field
Leading technology firm ABB has been picked to provide power from shore equipment to a North Sea oil and gas field.
Chinese oil giant Cnooc planning North Sea exit as part of ‘strategic shift’ – report
Chinese oil giant Cnooc (TSX: CNU) is putting plans in place to pull out of the North Sea, according to reports.
Siccar Point and Shell handed extension to Cambo licences
Siccar Point Energy and Shell have been granted a two-year extension to the licences for the Cambo oil field, paving a potential future for the project.
Orcadian Energy gets more time with 25 million-barrel North Sea discovery
Orcadian Energy has been granted more time with one of its North Sea licences after “extensive talks” with the regulator.
Firm seeks to sell North Sea discoveries ‘left behind’ by ConocoPhillips
An outfit of North Sea experts is seeking to sell off discoveries which it says ConocoPhillips should “never have relinquished”.
North Sea operator targets third ‘first gas’ this year
A North Sea operator is targeting "first gas” from its third field this year as a problematic project gets back on track.
OEUK issues stark energy security warning as Norway becomes UK’s primary gas supplier
The amount of gas the UK imports from Norway has outstripped domestic supplies for the first time, a key industry study has found.
Multimillion-dollar deal struck to settle dispute on North Sea discovery
A multimillion-dollar deal has been struck to end a dispute over a North Sea oil and gas discovery.
North Sea recruitment market ‘heating up dramatically’
As we emerge from the pandemic, with a rapidly rising oil price and a recognition that oil and gas are vital to security of domestic supply, delayed projects are coming back on stream and new ones are being sanctioned.
Hurricane Energy agrees charter extension with Bluewater for the Aoka Mizu FPSO
Troubled North Sea oil firm Hurricane Energy has struck a deal to extend the stay of the FPSO on its flagship Lancaster field.
‘Various options’ on the table as EnQuest pushes ahead with Bressay and Bentley prospects
Operator EnQuest (LON: ENQ) is exploring a range of options as it draws up plans to develop two major North Sea prospects.
North Sea firm Waldorf Production doubles stake in Catcher field
North Sea oil firm Waldorf Production has struck a deal to acquire MOL Hungarian Oil and Gas’ UK assets.
Shell to invest up to £25 billion in UK energy system over next decade
Shell has announced it will invest up to £25 billion in the UK energy system in the coming years.
Shell North Sea platform caught without lifeboats by HSE
Shell has been landed with a warning from the safety watchdog after it found there were no lifeboats available on one of its North Sea platforms.
‘Fairly underwhelming’ – Sunak criticised for not pulling CCS or hydrogen ‘rabbit out of the hat’
Rishi Sunak has been criticised for failing to announce specific backing for key transition technologies during his Spring Statement.
North Sea dodges windfall tax – but Treasury’s oil and gas receipts head for highest in over a decade
The North Sea has dodged calls for a windfall tax, but Treasury receipts from the sector are set to surge to their highest in over a decade.
Petrofac awaits outcome of £127 million HMRC court battle
Petrofac (LON: PFC) is awaiting the outcome of a £127 million court battle with HMRC, and said a portion of the costs could land on its customers.
AF Gruppen keeping door ‘firmly open’ on future decom co-ops after Fairfield collapse
Bosses at engineering firm AF Gruppen remain open minded about a future decommissioning partnership after a previous venture failed to gain traction.
Unions left livid after Moray West fabrication work disappears ‘into the desert wind’
A union boss has slammed the decision to send fabrication work for a major Scottish offshore wind farm to the Middle East.
Economic analysis shows Neptune Energy supported almost 10,000 jobs across Europe in 2021
North Sea firm Neptune Energy has set out the “significant” impact its operations have on economics across Europe.
‘Cambo has to go ahead’: Industry debates as Shell reconsiders oilfield exit
Industry leaders have been debating as news emerges that Shell is reconsidering its exit of the Cambo oilfield.
Former BP CEO Lord Browne says windfall tax is ‘justifiable’
Calls for a North Sea windfall tax “are justifiable” according to the former CEO of oil giant BP, Lord John Browne.
‘The Rig’ TV show one of Amazon Studios’ ‘biggest investments’
Supernatural thriller ‘The Rig’ is one of Amazon Studio’s “biggest investments”, it has told MPs, helping create hundreds of jobs.