BP and ConocoPhillips swap North Sea and Alaska assets

The deal is subject to regulatory approvals and is expected to be completed later this year

New investment from Equinor ‘to double Norwegian field’s remaining reserves’

The £224m is expected to boost resource recovery from the North Sea’s Fram field

UK is ‘leading the way with planned North Sea projects’

It has 10 planned projects, followed by Norway and the Netherlands with five and one respectively

North Sea decommissioning costs ‘to double to £80bn’

New research suggests it is estimated to cost the younger generation around £3,000 each

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 […]