Spirit Energy bares ‘exceptional loss’ on sale of Norwegian assets
North Sea operator Spirit Energy has bared an “exceptional loss” relating to the sale of its Norwegian business in 2022.
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Neptune Energy hails first gas from 11th well at Cygnus
Neptune Energy has hailed first gas from the 11th well at its flagship UK field, Cygnus, bolstering UK energy security.
High profits for Aberdeen-based Spirit Energy did not stop layoffs
Aberdeen-based Spirit Energy reports that “29 employees left the organisation” late last year through its redundancy consultation, despite profits tripling in 2022.
‘Run-off’ mode Spirit Energy triples profits to £245m
Despite bleak news for the company through 2022, Spirit Energy managed to triple profits to £245m during the year, contributing to parent firm Centrica's record takings.
Aberdeen in line for jobs boost as Spirit unveils plans to repurpose gas fields
Spirit Energy has confirmed plans to repurpose offshore gas fields for emissions storage, in a move it claims will support thousands of jobs.
Capricorn faces EGM vote amid Palliser’s merger opposition
Capricorn noted that it had been working on “strategic alternatives” for more than a year. However, there have been no better options, it reported, and a sale is necessary to “maximise shareholder value and the full potential of Capricorn’s assets”.
NSTA names and shames as North Sea operators Equinor, EnQuest and Spirit hit with £265,000 fines
EnQuest was slapped with what is believed to be the largest fine issued by the North Sea Transition Authority (NSTA) to date.
TAQA and Spirit launch legal action against Viaro over Brae decom costs
TAQA and Spirit Energy are taking fellow North Sea firm Viaro Energy to court to recover costs linked to decommissioning the Brae oilfield.
Major North Sea operators tease details of lucrative upcoming contracts
Some of the North Sea’s biggest companies have shared details of millions of pounds worth of upcoming operations and maintenance (O&M) work.
Taqa share of decommissioning Brae Area up $352m after Fujairah default
Taqa’s share of the decommissioning bill for the Greater Brae Area (GBA) has increased by more than $350 million after a licence partner defaulted on its liability.
Spirit Energy among 13 new Hydrogen UK members
Hydrogen UK is eyeing further growth after adding a baker’s dozen to its membership in recent months.
North Sea boss calls for an energy secretary in Liz Truss’ cabinet
The CEO of North Sea operator Spirit Energy has called for Liz Truss to appoint an energy secretary to her new government.
Wood to create 300 new UK jobs amid North Sea push
Energy services giant Wood is expecting to create around 300 new jobs thanks to a surge in activity in the UK North Sea.
NZTC study finds ‘significant challenge’ in cost of North Sea electrification
A study by the Net Zero Technology Centre (NZTC) has found high capex costs remain a barrier to electrifying North Sea assets, but rising carbon taxes and net zero targets may yet spur development.
Spirit Energy launches consultation on Aberdeen job cuts
North Sea operator Spirit Energy has launched a consultation on redundancies in Aberdeen.
A fossil fuel investment resurgence amidst Europe’s energy crisis?
With conflict in Ukraine and sanctions on Russia continuing to exacerbate supply issues, rising energy prices are fuelling new opportunities for private equity in the European oil and gas industry.
Thompsons of Prudhoe inks two decom contracts with Spirit Energy
Thompsons of Prudhoe has secured contracts to help decommission a trio of North Sea assets, working in collaboration with Heerema and DeepOcean.
Hummingbird Spirit FPSO setting off for Cromarty Firth and uncertain future
The Hummingbird Spirit FPSO will head off from the North Sea today to the Cromarty Firth - ahead of an uncertain future for the vessel which could see it scrapped.
Regulator approves removal plans for Brae Bravo jacket
Regulators have approved TAQA’s plans to remove a section of the remaining jacket structure at Brae Bravo, following a successful topsides decommissioning campaign last year.
Centrica completes sale of Spirit’s Norwegian assets
Centrica has concluded the sale of the majority of Spirit Energy’s Norwegian assets to Sval Energi, and its interests in the Statfjord field to Equinor, as it focuses on UK gas production and energy transition projects.
Hurricane Energy takes $4.1m hit as it gives up on Warwick Area
Hurricane Energy (LON: HUR) and its partner Spirit Energy have given up on the Warwick Area in the West of Shetland.
Equinor and partners to invest £750m in six discoveries at Halten East
Equinor and its partners have decided to invest NOK 9 billion (£746m) in the Halten East development area in Norway.
Petrofac awarded two-year contract extension by Spirit Energy
Energy services firm Petrofac has secured a two-year operations and late life asset support contract extension with Spirit Energy.
Shell spuds much-anticipated Edinburgh well
Shell has spudded its hotly tipped Edinburgh exploration well near the UK-Norwegian border – potentially one of the largest remaining undrilled structures in the central North Sea.
Spirit brings in Heerema for Audrey, Ensign decom work
Spirit Energy has awarded Heerema Marine Contractors a contract for removal and disposal of a trio of southern North Sea assets, with further options for work on a wider portfolio.