UK/UKCS ///

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.

Premier Oil to rejoin UK offshore just in time for oil price surge

With the takeover by Chrysaor expected to complete by the end of March, Premier Oil will start trading under its new name, Harbour Energy Plc, on April 1. Putting behind it a multibillion-dollar debt pile, the firm should be well-positioned to ride the recovery in oil demand and boost investor returns.

Oil majors outbid green energy firms to build offshore UK windfarms

The UK's Crown Estate auctioned seabed rights that will allow about 8 gigawatts of new wind farms, enough to power more than 7 million homes. With oil majors taking a majority of the sites, it’s a sign that green energy companies are facing a new era of competition for some of the world’s biggest renewable energy projects.

UK oil and gas group names Equinor SVP as board co-chair

The leading representative body for the UK oil and gas industry has today announced the appointment of a new co-chair to its board, as the sector focuses on the industry’s recovery whilst meeting net-zero targets for 2021.

Neptune Energy commences Seagull drilling campaign

Neptune Energy and its joint venture partners bp and JAPEX, announced drilling has commenced on the Seagull project in the UK Central North Sea.

Deep Casing Tools secures new investment to accelerate global growth

Deep Casing Tools has secured new investment of £1.6m from Scottish Enterprise and its long-term backer, EV Private Equity, which will help the firm build on its global success of the last two years.

Spirit Energy taps Wood to extend productive life of UK offshore gas fields

The five-year consolidated services contract, valued at $130 million, will see Wood leverage its experience and capability in late life asset optimization and management to extend field life, lower costs, and reduce late life carbon intensity across the Hub’s offshore assets in the East Irish Sea and the Barrow onshore gas terminal on the northwest coast of England.

Marubeni retains Jefferies to market its North Sea oil and gas assets

Marubeni Corp. could all but exit the UK North Sea as it looks to sell its main oil and gas fields in the region, according to people with knowledge of the matter.

Maersk Drilling secures one-well UK contract for Maersk Resolve

Maersk Drilling has been awarded a contract from Spirit Energy for the harsh-environment jack-up rig Maersk Resolve to drill one development well at Grove North East in the UK North Sea.

As the world focuses on climate change targets, the Middle East doubles down on oil

With the Paris Agreement's decarbonization plans suddenly not ambitious enough for the West, key Middle East producers see an opportunity, and are putting serious money down to cover their bets.

UK climate change report underlines fiscal importance of domestic energy supply

The Sixth Carbon Budget published by the Committee on Climate Change makes the case for meeting as much as possible of the UK’s ongoing domestic needs from domestic production, warning of the risk that lower production costs internationally could favor imports.