WorldOil VARD wins North Star Renewables contract for three SOVs to operate on Dogger Bank Wind Farm VARD has secured contracts for the design and construction of three Service Operation Vessels (SOVs) for North Star Renewables in Scotland. The state-of-the-art hybrid trio will operate on the Dogger Bank Wind Farm in the North Sea. KRG Engineering expands in oil and gas with £2 million investment program The company aims to grow turnover by 20% annually for the next five years by expanding its oil and gas, rail, defense and FMCG presence and diversifying into renewables. North Sea oil and gas license ban may factor into UK’s green strategy Energy Minister Anne-Marie Trevelyan said the UK could eventually follow in the footsteps of North Sea neighbor Denmark which will stop offering new oil and gas licenses and end production by 2050. UK agrees to safeguard oil and gas jobs during low-carbon shift The UK government said it has reached an agreement with the country’s oil and gas industry that will help safeguard jobs as the nation strives to achieve net-zero emissions of greenhouse gases. BP reveals plans for UK’s largest blue hydrogen facility BP announced that it is developing plans for the UK’s largest blue hydrogen production facility, targeting 1GW of hydrogen production by 2030. The project would capture and send for storage up to two million tons of CO₂ per year. BP fields final offers for North Sea oil and gas assets Oil and gas producers Tailwind Energy Ltd., Serica Energy Plc, Ithaca Energy Ltd., EnQuest Plc and newcomer Waldorf Production UK Ltd. have been considering binding offers for some or all of the assets, according to people familiar with the matter. UK pledges two-thirds cut in industrial CO2 pollution by 2036 The Industrial Decarbonization Strategy, published March 17, is part of the UK’s ambition to effectively eliminate greenhouse gas emissions by 2050. UK considering ban on North Sea drilling permits, reports Telegraph Britain is considering options that include ending permits in 2040, and an immediate temporary pause in licensing, the UK newspaper Telegraph reported. Brent crude premium climbs as North Sea field maintenance cuts flow Heavy maintenance work on North Sea oil fields in the coming months is helping to erode the flow of crude to Asia from some suppliers in the Atlantic basin as a key price spread between the two regions balloons. Exxon to sell down North Sea assets as focus narrows on key opportunities The company will sell most of its non-operated upstream assets in the UK central and northern North Sea to NEO Energy, according to a statement Wednesday. NEO is an oil producer backed by Norwegian private equity firm HitecVision AS.