Oil and gas contracts worth $230m signed for North Sea

A Norwegian oil and gas operator has awarded approximately $230 million (£165m) worth of subsea contracts for the North Sea’s Nova field. Wintershall Norge has awarded two major subsea contracts – the Subsea Production System (SPS) contract has been awarded to Aker Solutions, while the Pipeline and Subsea Construction (PSC) contract has been awarded to […]

BP announces two North Sea discoveries

BP has announced two new oil and gas discoveries in the North Sea, which could lead to a major expansion of its production. They are Capercaillie in the Central North Sea and Achmelvich located in the west of Shetland. The energy giant owns 100% of the former well while the latter well (52.6%) is in […]

Centrica joint venture to drill new North Sea well

Spirit Energy, the joint venture between Centrica and Norweigan firm Bayerngas Norge, is to drill a new gas well in the Southern North Sea. The £75 million Chiswick field investment is expected to produce around 50 billion cubic feet of gas. Oil & Gas UK Chief Executive Deirdre Michie said: “Spirit Energy’s announcement provides evidence […]

Shell announces oil and gas field redevelopment

Shell has announced the redevelopment of an oil and gas field in the UK’s North Sea. The energy giant will build a floating production, storage and offloading (FPSO) vessel in the Penguins field, the first new manned installation for Shell in the region in almost 30 years. It says the opportunity presents a break-even price […]

Forties Pipeline returns to full operation

The Forties Pipeline has returned to full operation after being halted for maintenance repairs, following to a crack on its onshore section in Scotland. INEOS, the owner and operator of the North Sea infrastructure, said all restrictions on the flow of oil and gas from platforms feeding into the system have been lifted, with “virtually […]

CMA removes Centrica’s Rough gas storage commitments

The Competition and Markets Authority (CMA) has confirmed its decision to remove the requirements placed on Centrica’s Rough gas storage facility in the North Sea. The announcement will help the energy giant with the closure of the facility, which it has deemed unsafe due to its physical deterioration, the associated safety risks and the high […]

INEOS’ North Sea pipeline closure ‘worth £20m a day’

The shutdown of one of the major oil pipelines in the North Sea is worth around £20 million a day. That’s according to industry body Oil & Gas UK, which made the comment following INEOS’ announcement to close the Forties Pipeline System for repair. The pipeline carries around 40% of North Sea crude oil. The […]

Scotland provides £1.1m for oil and gas decommissioning

Seven oil and gas decommissioning projects across Scotland have been awarded a share of £1.1 million. The first round of awards from the Decommissioning Challenge Fund aims to improve port and shipyard infrastructure to make North Sea decommissioning easier, cheaper and more effective. The scheme has offered grants to initiatives in Methil, Montrose, Ardersier, Stornoway, […]

More than 200 North Sea rigs to close by 2025

More than 200 oil and gas platforms and close to 2,500 wells across the North Sea are scheduled to be decommissioned by 2025. That’s according to new information published by Oil & Gas UK and Decom North Sea. The groups say this will take place on 349 fields across the region, including six on the […]

Vattenfall places huge turbine order with Siemens Gamesa

Swedish firm Vattenfall has placed an offshore turbine order with Siemens Gamesa, claimed to be the world’s largest this year. The total installed capacity will be close to 1GW for three wind farms – Kriegers Flak in the Baltic Sea and Vesterhav Syd and Nord in the North Sea. The order includes 113 8MW turbines, […]