UK/UKCS ///

Dana Petroleum reports first oil from Western Isles development in the UK North Sea

Dana Petroleum has announced first oil from its Western Isles development in the UK North Sea. Production started on Nov. 15 and has continued steadily and in line with expectations.

EnQuest acquires 25% interest in Magnus field from BP

EnQuest PLC has announced that it has completed the acquisition of an initial 25% interest in the Magnus oil field (Magnus) in the UK North Sea, as well as a 3.0% interest in the Sullom Voe Oil terminal and supply facility (SVT) and additional interests in associated infrastructure from BP as planned.

Upland Resources announces farm-in agreement with Corallian Energy in the UK

Upland Resources Limited, the oil and gas company actively building a portfolio of attractive upstream assets, is pleased to announce that its wholly-owned subsidiary, Upland Resources (UK Onshore) Limited (Upland UK), has signed a farm-in agreement with Corallian Energy Limited (Corallian) for a 40% working interest in UK Seaward Production Licence P2235 (UKCS Block 11/24b) containing the Wick Prospect.

Survey shows half of oil and gas firms confident for the first time in four years

Contractor confidence in the UK Continental Shelf (UKCS) has risen with almost half being more confident about their prospects for the first time since 2013, according to an industry report released today.

Well-Safe Solutions selects Dundee for onshore marine support base

Well-Safe Solutions, the Aberdeen-based well abandonment specialist, has chosen to locate its onshore marine base in the Port of Dundee.

Cluff Natural Resources reports extension of Southern North Sea licences

Cluff Natural Resources Plc, the AIM quoted natural resources investing company, is pleased to announce that the UK’s Oil & Gas Authority (OGA) has confirmed that the Company’s two 100% owned Southern North Sea Gas licences, P2248 and P2252--which are estimated to contain combined net P50 prospective resources of 2.4 Tcf of gas--will be extended, subject to the achievement of certain milestones, for a further year.

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.