Firms to tackle non-destructive testing of pipes under insulation

A consortium of organisations is to tackle the non-destructive testing (NDT) of corroded pipes under insulation and temporary engineered pipe wraps. It is said to be one of the major challenges in the North Sea. The group, which includes the Scottish Innovation Centre for Sensor and Imaging Systems, TRAC Oil & Gas and the University […]

UK Government pledges ‘full support’ for oil, gas sector

The UK Government has pledged its “full support” to help maximise the economic opportunity in the UK North Sea. During his first visit to Scotland as Energy Minister, Richard Harrington said the government would ensure the oil and gas industry continues to flourish and that it is also committed to supporting the decommissioning sector. He […]

EU clears INEOS’ buyout of BP’s North Sea pipelines

The European Commission has approved the buyout of BP’s North Sea pipelines by INEOS. That includes the Forties Pipeline System (FPS) – which links 85 oil and gas assets to the UK mainland and to the Kinneil terminal in Grangemouth, Scotland – and associated facilities. INEOS has agreed to pay up to $250 million (£191m) […]

EU clears INEOS’ buyout of DONG’s oil and gas business

The European Commission has approved the takeover of DONG’s oil and gas business by UK petrochemicals giant INEOS. It comes after the Danish firm agreed to sell its oil and gas exploration and production unit for $1.05 billion (£810m). That includes a mix of long life and development fields, producing an average of 100,000 barrels of […]

First oil delivery from Kraken North Sea field

One of the North Sea’s largest new oil projects in a decade has seen the first delivery of oil. Located around 125km east off the Shetland Islands, the Kraken field is expected to contain around 128 million barrels of oil. The project will also support more than 1,000 jobs in the UK for each year […]

Shell gets EU clearance for $3.8bn North Sea assets sale

Shell has received clearance from the European Commission to sell a package of its UK North Sea assets for up to $3.8 billion (£3bn). Chrysaor Holdings Limited, part of EIG Global Energy Partners, will take sole control of the assets, including shareholdings in a number of oil fields and infrastructure and the relevant liences. They […]

DONG turns to D as INEOS buys oil and gas business

INEOS is to buy DONG’s Oil & Gas Business for $1.05 billion (£810m). The deal will position INEOS as a top 10 company in the North Sea and significantly expand its trading and shipping activities. DONG will sell its entire portfolio, made up of a mix of long life and development fields, producing an average of 100,000 barrels of […]

First oil flows from redeveloped UK North Sea field

BP and its partners have announced first oil production from a redeveloped UK North Sea field. Schiehallion, located 110 miles west of Shetland, had been shut down for refurbishment since 2013. BP, Shell and Siccar Point Energy expects the Quad 204 project and neighbouring fields to unlock an estimated 450 million barrels of resources, extending […]

DONG Energy to build unsubsidised offshore wind farms

DONG Energy has won a deal to build two large wind farms in the German North Sea with no government subsidies. The Danish company said it made bids for no financial support for the 240MW OWP West and 240MW Borkum Riffgrund West 2 projects. DONG Energy cited several factors that enabled the zero bid in […]

North Sea to see 30 new oil and gas projects by 2020

Around 30 new crude oil and natural gas projects are expected to start operating in the North Sea by 2020. That’s according to research and consultancy firm GlobalData, which says the UK will lead the resurgence with 19 projects, followed by Norway with 10 and Denmark with a single installation. A new report from the company […]