UK/UKCS ///

North Sea tax measure to unlock upstream UKCS investment, says Oil & Gas UK

Chancellor Philip Hammond today announced a tax measure that will unlock further investment in the UK North Sea by enabling more assets to change hands and allow new owners to provide fresh investment in many mature oil and gas fields.

Siccar Point Energy farms out Lyon prospect

Siccar Point Energy E&P Limited (SPE) is pleased to announce that it has entered into a farmout agreement with Ineos UK SNS Limited (Ineos) covering two exploration licences (P.1854 and P.1935) in the West of Shetlands area, containing the significant Lyon prospect.

Industry's growing optimism reflected in 30th offshore licensing round

The Oil and Gas Authority has received 96 applications for 239 blocks in the 30th offshore oil and gas exploration license round.

Europa Oil & Gas provides update on Holmwood well, Weald basin

Europa Oil & Gas (Holdings) plc, the AIM traded Ireland and UK focused oil and gas exploration, development and production company, has provided a planning update regarding the Holmwood oil exploration prospect on licence PEDL 143 at Bury Hill Wood, Coldharbour Lane, Surrey.

John Lawrie Group acquired by its management

Metal reprocessing, tubular supply and decommissioning company John Lawrie Group has been acquired by its management in partnership with Rubicon Partners and Grovepoint as it gears up for an expansion of its business in the UK and U.S.

Craig International secures contract with Chrysaor for UKCS

Oil and gas procurement specialist, Craig International, has bolstered its North Sea operations with the announcement of a contract with Chyrsaor. The contract is for an initial year with two one-year options included.

Industry bodies strengthen partnership with new agreement

The leading trade body for the UK’s offshore oil and gas industry, Oil & Gas UK, have signed a Memorandum of Understanding with the Society of Petroleum Engineers’ Aberdeen branch.

Maersk Drilling secures North Sea contract with Nexen Petroleum UK Limited

Maersk Drilling has been awarded a contract by Nexen Petroleum UK Limited following a competitive tender exercise for the drilling of three wells and options for nine additional wells at UK’s largest producing oil field, the Buzzard field in the central North Sea.

Oil & Gas UK welcomes multi-billion-dollar North Sea deals

Commenting on two major North Sea deals completed within the past 24 hours, Deirdre Michie, chief executive at the industry trade association Oil & Gas UK, said the deals are "hugely significant."

Shell sells UK North Sea asset and Gabon onshore interests

Shell has completed the sale of a package of UK North Sea assets to Chrysaor for a total of up to $3.8 billion.

Hess Corp. to sell interests in Norway, Denmark

Hess Corporation has announced several additional steps in the continued execution of its strategic plan to further focus the company’s portfolio and allocate capital to higher return assets.

Premier Oil reports arrival of BW Catcher FPSO

The BW Catcher Floating Production Storage and Offloading (FPSO) vessel arrived at Catcher field on Wednesday, Oct. 18.

Ineos appoints new shale boss to build a UK natural gas boom

Ineos AG, Britain’s largest closely held company, has taken another step toward creating a shale boom on its side of the Atlantic.

UK North Sea oil faces quickening decline if no Brexit deal

The UK oil and gas industry faces a faster decline if Prime Minister Theresa May fails to agree to a trade deal with the European Union, as restrictions on the movement of workers and equipment would increase costs.

Statoil reports oil discovery in Verbier sidetrack on UK continental shelf

Statoil and partners have made an oil discovery in the Verbier sidetrack well in the outer Moray Firth on the UK Continental Shelf, proving a minimum of 25 million recoverable barrels of oil in the immediate vicinity of the wellbore.

Petrofac secures North Sea contract extension with Chevron

Petrofac has secured a contract extension from Chevron North Sea Limited (Chevron) for the provision of engineering services; an agreement it has held since 2014.

UK energy users have a taste of Brexit and don't like It

Britain is getting a preview of what some energy bills might be like after Brexit. And it’s not popular.

Providence Resources provides update regarding Porcupine basin operations

Providence Resources, the Irish based Oil and Gas Exploration Company, today provides an operational update regarding Frontier Exploration Licence (FEL) 2/14 located in the southern Porcupine basin.

New hope for Jersey Oil & Gas’ Verbier well as Statoil recommends side-track

Jersey Oil & Gas has given investors some fresh hope that value could be salvaged from the Verbier exploration well, with news that a side-track is being drilled to test another target.

Premier Oil sells Wytch Farm field for $200 million

Premier has announced pleased to announce that it has entered into a sale and purchase agreement to sell its entire interests in Licences PL089 and P534, which contain Wytch Farm field, to Verus Petroleum SNS Limited for a cash consideration of $200 million.