North Sea production increased to 7.5 million barrels last year
Operators still fell short of the 80% production efficiency target
Tag: North Sea oil and gas
Flaring fine for another North Sea Operator
CNOOC fined £125k for two flaring incidents in 2022
Government denies claims of North Sea oil drilling ban
Government officials refute reports that Energy Secretary Ed Miliband imposed an immediate ban…
UK energy security could be in reverse gear over next five years
A new report has found that the rise in British renewables will significantly boost the UK’s…
Sir Patrick Vallance calls for vaccine-style action on energy transition
Labour's pledge to decarbonise electricity supplies by 2030 has garnered support from…
North Sea drilling to extend beyond net zero
Despite Britain's net zero deadline, North Sea oil drilling will continue for up to a…
Ithaca Energy acquires Eni’s UK assets in £754m deal
Ithaca Energy has finalised an agreement to purchase the majority of Eni's UK-based oil…
UK extends energy windfall tax
Chancellor Jeremy Hunt has announced the extension of the Energy Profits Levy on profits from…
Gas boiler manufacturers eye over £100m in price increases
Top gas boiler manufacturers could earn over £100 million by increasing prices by an average of…
North Sea oil investments face 60% cash flow drop
Private equity investments in North Sea oil and gas may see a 60% cash flow decline due to the…
