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HomeNorth Sea

North Sea

Aker
Exploration and Production

Aker BP getting ready to spud North Sea prospect with Saipem rig

February 16, 2023 Mariel Alumit

Home Fossil Energy Aker BP getting ready to spud North Sea prospect with Saipem rig Norwegian oil and gas player Aker BP has received consent from Norway’s offshore safety regulator for exploration drilling in the North […]

North
CCUS

Two energy giants, two green projects: one double-booking in North Sea

January 24, 2023 Mariel Alumit

LONDON, Jan 24 (Reuters) – Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to […]

oil and gas
Exploration and Production

Norway’s oil and gas player enters North Sea license with 50% interest

December 29, 2022 Mariel Alumit

Home Fossil Energy Norway’s oil and gas player enters North Sea license with 50% interest Norwegian oil and gas company OKEA has signed a sale and purchase agreement (SPA) with compatriot DNO Norge to enter into […]

UK
Crude Oil News

How will UK’s energy windfall tax hike impact oil & gas players?

December 2, 2022 Mariel Alumit

Credit rating agency Moody’s has highlighted that the rise in the energy windfall tax will crimp the North Sea producers’ free cash flow generation. As a result, the latest changes are credit negative for oil […]

UK offshore oil and gas steep tax increases
ENB Pub Note

UK offshore oil and gas, renewable energy groups react to steep tax increases – Should the U.S. pay attention?

November 19, 2022 Mariel Alumit

ENB Pub Note: This will slow down the entire economy rather than solve the problem.  LONDON – Britain’s North Sea oil and gas and offshore wind sectors will have to pay higher taxes on profits, under […]

New British Prime Minister Liz Truss walks outside Number 10 Downing Street
Energy Crisis

UK Prime Minister Liz Truss to scrap frac ban -report

September 7, 2022 Mariel Alumit

 Britain’s new Prime Minister Liz Truss will on Thursday scrap the country’s fracking ban and will seek to make more use of North Sea reserves, the Telegraph newspaper reported. The reported moves are part of what […]

Germany
ET Renewable

Dutch build out North Sea wind farms, test floating solar panels

August 27, 2022 Mariel Alumit

Wind turbines, floating solar panels, and green hydrogen at sea are among the projects under construction off the Dutch coast. Wind turbines from Vattenfall are seen at the North Sea in Scheveningen, Netherlands August 25, […]

UK North Sea
Finance

UK North Sea Tax Receipts Now $27 Million Daily

August 2, 2022 Mariel Alumit

The UK Government is being urged to do more to support families, businesses, and the energy transition after research by the Aberdeen & Grampian Chamber of Commerce (AGCC) revealed a 662 percent increase in North […]

UK
Exploration and Production

UK firm invests millions in new facility to support North Sea oil & gas industry

July 18, 2022 Mariel Alumit

Aberdeen-based safety equipment manufacturer Dräger Marine & Offshore, a subsidiary of Dräger, has revealed a multi-million-pound investment in a new facility, which the firm describes as a demonstration of its commitment to the North Sea energy industry. […]

Shell
International News

Shell Gets Green Light To Develop Jackdaw Gas Field

June 3, 2022 Mariel Alumit

Shell Plc won official consent to develop the Jackdaw natural gas field in the UK’s North Sea, eight months after the country’s regulator blocked the project on environmental concerns. The move marks a change in […]

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