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Independent Oil and Gas (IOG) has completed its farm-out transaction with CalEnergy Resources and made final investment decision on Phase 1 of its Core Project. This comprises 410 bcf of 2P+2C reserves and resources across six discovered UK southern North Sea gas fields. IOG and CalEnergy have said they will shortly be submitting confirmation of full funding to the OGA in support of the Phase 1...
Tuesday 29 October , 2019
<span style="font-size: 12.0pt;font-family: 'Arial',sans-serif">The increasing importance of digitalisation was put under the spotlight today at a breakfast briefing event, sponsored by Deloitte, held by the leading representative body for the UK’s offshore oil and gas industry, OGUK.</span> <span style="font-size: 12.0pt;font-family: 'Arial',sans-serif">An audience of over 150 industry profe...
Tuesday 29 October , 2019
Well-Safe Solutions has secured over £66 million in new investment to fund its next phase of growth as a tier one well decommissioning company. MW&L Capital Partners led the investment round, bringing together a consortium of private investors to acquire a major stake in the business. Launched in 2017 to provide a ground-breaking approach to safe and cost-efficient decommissioning, Well-Sa...
Monday 28 October , 2019
Peterson has strengthened its relationship with independent E&P group Premier Oil after it renewed a long-term contract worth over £20 million. Peterson has worked with Premier since 2010 providing integrated logistics services to support its North Sea activity. The contract will see Peterson provide support for up to a decade, with the first five years confirmed, and an optional five year...
Monday 28 October , 2019
The Oil & Gas Technology Centre (OGTC) has launched the third year of its accelerator programme, TechX, with the announcement of new industry partner Equinor. The TechX Pioneer Programme helps ambitious start-ups take their solutions to the energy market faster. 21 companies have so far graduated from the award-winning programme, supporting the development of ground-breaking technologies in...
Thursday 24 October , 2019
Aker Solutions will aim to generate nearly half its revenue from renewable or low-carbon solutions by 2030, according to its newly outlined '20/25/30 strategy'. This would see the company derive 20% of its revenue from renewable energy and 25% from distinct low-carbon solutions by the year 2030. The renewable energy solutions will primarily come from floating wind, while the low-carbon segment ...
Wednesday 23 October , 2019
<strong>The next generation of the UK’s oil and gas industry are being called upon to make their voices heard on key issues including the energy transition and climate change at a new event being held in Aberdeen on Thursday 24 October.  </strong> Leading representative body for the sector OGUK today announced a<a href="https://www.eventbrite.co.uk/e/oguk-industry-insights-for-young-professi...
Thursday 17 October , 2019
UK and Netherlands-focused energy group Parkmead has announced the filing of a draft Field Development Plan (FDP) and Environmental Statement (ES) for the Platypus gas project. The two documents were submitted to the Oil and Gas Authority (OGA) and the Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) by Dana Petroleum (59%), on behalf of project co-venturers which includ...
Tuesday 15 October , 2019
Neptune Energy has entered into a conditional agreement with Energean Oil and Gas to acquire Edison E&P’s UK and Norwegian producing, development and exploration assets for $250 million. Pending Energean’s completion of its proposed acquisition of Edison, the portfolio will give Neptune an estimated 30 million barrels of oil equivalent of 2P reserves and near-term production in core are...
Monday 14 October , 2019
“Expanding Frontiers” is the theme for the tenth <a href="https://offshoredecommissioningconference.co.uk/">Offshore Decommissioning Conference</a>, co-hosted by OGUK and Decom North Sea on November 25-27. The event will explore how by achieving step changes in its current mindset, the sector can make the most of potential business opportunities in the UK and global decommissioning markets. ...
Monday 14 October , 2019
Following the new that Spirit Energy and partner Dana Petroleum have announced plans to drill a new well at Chestnut, around 125miles north-east of Aberdeen, which could keep it producing as far into the future as 2023, OGUK’s supply chain director, Matt Abraham, said “This continued commitment is a strong vote of confidence in the UKCS basin and demonstrates our supply chain expertise i...
Friday 11 October , 2019
Flow measurement R&D specialist, TÜV SÜD National Engineering Laboratory, has opened its £16million Advanced Multiphase Facility (AMF) which it says will help global oil and gas operators to ensure that production remains economically viable. In terms of testing operating pressures, temperatures, flowrates and metrology, the AMF’s capabilities are beyond that of any other laboratory in...
Thursday 10 October , 2019
<img class="aligncenter wp-image-42320 size-medium" src="https://oilandgasuk.co.uk/wp-content/uploads/2019/10/Matt-Abraham-300x200.jpg" alt="" width="300" height="200" /> Solving future challenges and driving improvements in health, safety and environmental practice across the UK oil and gas industry will be discussed at a major one-day conference to take place in Aberdeen next month. As a f...
Wednesday 9 October , 2019
Responding to the announcement of the Final Investment Decision for the Pierce field gas project, Mike Tholen, Upstream Policy Director OGUK said: “This is good news and will help to meet more of the UK’s energy needs from domestic production. That Shell and Ithaca Energy have agreed the Final Investment Decision on Pierce underlines that the UK Continental Shelf remains an attractive inves...
Friday 4 October , 2019
Subsea 7 has been awarded a contract by Shell for the Pierce depressurisation project, located approximately 160 miles offshore Aberdeen. The contract scope involves the engineering, procurement, construction, transportation and installation (EPCI and T&I) of a 30km gas export pipeline, a gas export riser and associated subsea infrastructure, for tie-ins at the Haewene Brim FPSO. Project...
Friday 4 October , 2019
ODE Asset Management (ODE AM), a unit of international engineering and operations support services contractor ODE Group, has been appointed as installation operator (duty holder) of the normally unattended installation (NUI) Tolmount platform. The Tolmount platform and associated gas export pipeline comprise the Humber Gathering System, which is owned by Humber Gathering System Limited (HGSL) -...
Thursday 3 October , 2019
Survitec has delivered a unique turnkey lifeboat project for Shell UK to increase lifeboat capacity on the Shearwater gas hub by more than 22%. The project was driven by an anticipated upturn in activity offshore, including a major offshore turnaround planned for 2020, which made provision of additional offshore bedding capacity a priority to allow the safe and efficient running of the Shearwat...
Wednesday 2 October , 2019
Chrysaor Holdings has confirmed the completion of its acquisition of ConocoPhillips’ UK oil and gas business for $2.68 billion. The assets acquired produced approximately 72,000 barrels of oil equivalent per day (boepd) in the first six months of 2019. Combined with Chrysaor’s existing portfolio, this represents average first-half 2019 production of 195,000 boepd. The transaction adds two n...
Tuesday 1 October , 2019
Neptune Energy, alongside joint venture partners BP and JAPEX, have awarded Valaris a contract to provide a heavy-duty jack-up drilling rig for the Seagull oil development. Valaris will provide the Rowan Gorilla VI to drill four firm wells for the project, located in the central North Sea. The approximately 18-month drilling campaign is scheduled to start in Q3 2020, after its field development...
Monday 30 September , 2019
Engineering procurement and construction (EPC) contractor Global E&C has won a life-of-field contract for brownfield services with Apache’s North Sea subsidiaries. Global E&C forms part of Inverness-based Global Energy Group, and the award represents the largest in the Group’s history. Aberdeen-headquartered, Global E&C was formed specifically to support UK operators in deliveri...
Friday 27 September , 2019