Spirit Energy halts plans for Pegasus West
Spirit Energy will not carry its Pegasus West development forward to a final investment decision (FID), the operator has confirmed.
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Centrica profits double on commodity prices and Direct Energy sale
Spirit Energy owner Centrica has announced bumper 2021 profits on the back of soaring energy prices, and the offloading of several upstream assets.
‘Uptick’ in North Sea IPOs forecast with high oil and gas prices on course to continue
North Sea initial public offerings (IPOs) could be back on the menu with healthy oil and gas prices tipped to continue for much of 2022.
Waldorf in talks for $1bn deal for ONE-Dyas oil and gas assets
North Sea focused Waldorf Production has started exclusive talks to buy the assets of Dutch oil and gas company ONE-Dyas BV, according to people familiar with the matter.
Spirit Energy appoints new interim CEO as Chris Cox exits
Spirit Energy has appointed a new interim chief executive and chairman as part of its transition to a “new phase”.
Operators hail ‘new era in collaboration’ following Canadian decom trials
A collaborative model for trialing new technologies has been deemed a success by a trio of major operators, as the sector races to drive down the costs of well decommissioning.
Spirit Energy targets Q2 sailaway for Hummingbird FPSO
Spirit Energy is tentatively targeting a second quarter sailaway for the Hummingbird Spirit FPSO in the North Sea.
Centrica continues hunt for North Sea exit after Spirit Energy Norway sale
British Gas owner Centrica has said it will continue its strategy to exit the UK North Sea after announcing a deal to sell Spirit Energy Norway for £800million.
‘Sorry guys, we’re full’: CessCon predicts onshore decom ‘bottleneck’
The chief executive of CessCon Decom has warned that a potential “bottleneck” could emerge for onshore dismantling over the coming years as North Sea decommissioning ramps up.
Exclusive: Brae Area partner defaults on decommissioning costs after buying stake for 75pence
A company which bought stakes in the Taqa-operated Brae Area for just 75pence last year has now defaulted on its decommissioning liability.
Spirit Energy hits milestone for Pegasus West sanction
Having resolved issues with partner Neptune Energy, Spirit Energy has handed in an environmental impact assessment (EIA) for proposed new drilling at the Pegasus West discovery.
UK North Sea expecting flurry of contracts and tight supply of oil rigs in 2022
The UK North Sea is likely heading for tighter supply of oil rigs as a flurry of deferred drilling contracts for next year come through, according to new analysis.
North Sea infrastructure could get fresh lease on life with hydrogen production
A new report has examined how ageing North Sea infrastructure could be repurposed for wind-powered hydrogen production.
Industry talent to be recognised at OGUK Awards as finalists announced
Some of the North Sea oil and gas industry’s biggest players, including Neptune Energy, BP and TotalEnergies, are in the running to pick up a gong at the OGUK Awards.
Ithaca makes first UK North Sea find of 2021 at Fotla
Ithaca Energy’s oil find at Fotla has been described as a “ray of light” for UK exploration, in what has otherwise been a tough year.
Spirit Energy to finally decommission over-performing Chestnut field
Spirit Energy has decided it will finally decommission the Chestnut field in the North Sea, more than a decade after it was first expected to be shut in.
Spirit Energy owners to put Norwegian business up for sale
The owners of Spirit Energy will put the exploration and production company’s Norwegian business up for sale separately.
Spirit Energy finds more gas at Grove field
Spirit Energy has found more gas at Grove, "significantly" extending the life of the southern North Sea field.
Ithaca Energy kicks off drilling at Fotla prospect
Ithaca Energy has started drilling work at its Fotla project in hopes of boosting barrels via its Alba field.
Centrica ‘simplifying’ Spirit Energy sales process
Utilities firm Centrica said today that it was simplifying the sales process for its upstream exploration and production (E&P) business, Spirit Energy.
NEO Energy on the rise after losses on oil price and Western Isles impairment
NEO Energy has said it has “rapidly expanded” since the oil price crash brought it down to losses in its first full year of trading.
Hurricane Energy completes Lincoln decommissioning west of Shetland
Troubled operator Hurricane Energy has announced the completion of decommissioning work to its Lincoln well, which it once hoped to develop, in the west of Shetland.
Stena Don rig on hire for Lincoln well abandonment job, Lancaster pump fixed, Hurricane says
Troubled UK oil firm Hurricane Energy said today that the Stena Don rig is now on hire to plug and abandon the Lincoln well, which it once hoped to develop, west of Shetland.
Longboat hails fundraiser as a success, names two farm-in partners
Longboat Energy said today it had succeeded in raising £35 million through a share placement and confirmed farm-in agreements with Equinor and Spirit Energy.
Pioneering Spirit completes single-lift platform removal in East Irish Sea
The Pioneering Spirit vessel has removed the DP3 gas production topsides from Spirit Energy’s Morecambe Bay development in the East Irish Sea.