UK/UKCS ///

Frac companies get fresh hope UK government will loosen rules

A change of British government has given the much-maligned fracing industry another opportunity to make out its case for stimulating the controversial technique to tap unconventional natural gas reserves.

Well-safe Solutions awards contracts for dedicated P&A rig

Well-Safe Solutions has awarded two multi-million-pound contracts to continue the transformation of the Well-Safe Guardian, the decommissioning company’s first asset, into a bespoke plug and abandonment unit.

Equinor’s $7.7 billion Mariner field starts up in the UK North Sea

The Mariner reservoirs have up to 3 billion boe in place, a 50% increase on what was originally assumed, and the estimated recovery rate has already been increased by 20 percent. Mariner is expected to produce annual average plateau rates of around 55,000 boed and up to 70,000 boed day at peak production.

Oil majors reluctant to place bets on aging North Sea, as output descends

Emily Querubin, World Oil

Since the 1960s, the North Sea has remained a highly sought-after region for oil and gas E&P.

TechnipFMC awarded UK North Sea EPCI contract by Neptune Energy, JV partners

Neptune Energy and its joint venture partners BP and JAPEX today announced TechnipFMC has been awarded an engineering, procurement, construction and installation Target Cost contract for the Seagull development oil project in the UK North Sea.

Europeans plan naval mission to ensure safe passage in Persian Gulf

European governments will assemble a naval mission to provide safe passage for ships through the Persian Gulf, after Iran seized a British oil tanker, an act that U.K. Foreign Secretary Jeremy Hunt described as “state piracy.”

Guilty plea on five counts in UK's Iraqi bribes case

A former oil executive pleaded guilty to five counts of corruption in the U.K. as part of one of the white-collar financial crime prosecutor’s biggest bribery investigations.

New CEO appointed at EnerMech

EnerMech, the Aberdeen-headquartered provider of specialist services to the energy and infrastructure sectors, has today announced that John Guy has been appointed as CEO, succeeding company founder Doug Duguid, who will assume the role of deputy chairman.

Fast and lean: How North Sea oil is learning from American shale

The U.S. oil boom changed the petroleum industry forever. Now its philosophy is being adopted by conventional producers in the North Sea.

Decommissioning in Shetland expands with the arrival of more North Sea structures

The Dales Voe decommissioning facility in Shetland is one step closer to becoming a center of excellence for recycling offshore structures from the North Sea with the arrival of two new installations for decommissioning by strategic partners Veolia and Peterson.

Britain raises Gulf shipping threat to highest level possible

Britain raised the threat level to the highest possible for ships operating in the Persian Gulf as tensions escalate in a region accounting for a third of seaborne petroleum trade.

OGA launches 32nd Offshore Licensing Round on the UKCS

The Oil and Gas Authority (OGA) has launched the 32nd Offshore Licensing Round with 768 blocks or part-blocks on offer across the main producing areas of the UK Continental Shelf (UKCS). Acreage is on offer in the Central North Sea, Northern North Sea, Southern North Sea and the West of Shetlands.

Cuadrilla confirms return to UK frac operations

Cuadrilla today confirmed that it will return to hydraulic fracturing and flow testing of natural gas at its flagship Lancashire site in Preston New Road, near Blackpool.

Total divests UK assets to Petrogas for $635 million

Total has signed an agreement to divest several UK non-core assets to Petrogas NEO UK Ltd, the exploration and production arm of the Oman-based conglomerate MB Holding.

World of oil and gas

Emily Querubin, World Oil

Talos Energy has completed its appraisal program for the Zama discovery on Block 7, in the offshore portion of Mexico’s prolific Sureste basin.

What’s new in exploration

William (Bill) Head, Contributing Editor

Rebound seen in new offshore exploration

Frame agreement results in triple contract completion for Rever Offshore

Rever Offshore, a leading subsea services provider to the oil and gas industry, continues to consolidate its North Sea presence, announcing the successful completion of three standalone contracts for energy major, Total E&P UK.

Marathon Oil closes on sale of its UK business

Marathon Oil Corporation (NYSE: MRO) announced today the company has closed on the sale of its UK business, which consists of the Brae area fields and Foinaven, to RockRose Energy PLC.

Siccar Point Energy completes Lyon exploration well

Operator Siccar Point Energy has completed an exploration well 208/02-1 on the Lyon Prospect in License P1854 in the West of Shetland.

Well-Safe Solutions invests in new Aberdeen headquarters

Well-Safe Solutions today announced it will be moving headquarters, following a landmark contract win and acquisition of its first asset.