Tagged With North Sea
Mixed appetite for UKCS farm-outs
25 August 2022
Deltic reports progress but will also relinquish two licences after failed processes
Little love lost as Serica and Kistos walk away
10 August 2022
Neither firm will pursue their offer for the other, but they may look elsewhere
Suncor in no rush on UKCS sale
9 August 2022
The Canadian producer’s exit from Norway may not be closely followed by divestment across the maritime border
Shell commits to second SNS exploration probe
26 July 2022
The major will sink another well linked to farm-in agreements with UK independent Deltic
Hurricane looks to a debt-free future
19 July 2022
Embattled North Sea producer is set to pay off the last of its convertible bonds later this month
Is there logic in Kistos-Serica?
13 July 2022
Both sides appear potentially interested in a union on their terms. But not all analysts are convinced
UKCS firms look at investment allowance options
10 June 2022
Producers eye spending to offset windfall tax hit
Banks retain oil and gas lending caution
8 June 2022
The Ukraine crisis has not yet seen Europe’s financial institutions shift gears on lending to producers of domestic oil and gas
Viaro seeks range of growth options
7 June 2022
The relatively new entrant to the UKCS is keeping all avenues open to hit ambitious output target
New UKCS entrant takes stock of windfall impact
6 June 2022
Viaro Energy has significant growth ambitions it must re-evaluate in the wake of the UK government’s announcement
Can the UKCS adapt again?
6 June 2022
The windfall tax is a blow. But the basin has rebounded from being written off before
Concerns grow for UKCS investment
27 May 2022
Commentators are unconvinced that tax relief on spending will offset the impact of windfall levy uncertainty
UK hits producers with windfall tax
27 May 2022
The Johnson government U-turns again, while still calling for more investment
Reabold aims for project conveyor belt
26 May 2022
The firm hopes to take advantage of a shift in UKCS M&A dynamics
JOG mulls myriad GBA options
5 May 2022
The firm is working with potential partners on a range of outcomes for its UKCS redevelopment project
Serica builds its war chest
21 April 2022
The UK producer is benefitting from high prices and all the revenues from its BKR asset. But it continues to preach M&A caution
UK plans autumn licensing round
8 April 2022
The country also aims to speed project development as it outlines new energy security strategy
Trade sale exit for Siccar Point private equity backers
8 April 2022
Israeli-owned UK independent Ithaca swoops for UKCS peer
SNP rows back on North Sea drilling opposition
25 March 2022
Scotland’s largest political party recognises that the Ukraine crisis has changed the game
Letter from Amsterdam: Dutch rediscover North Sea gas benefits
21 March 2022
An increasingly import-dependent Netherlands is mulling fresh incentives for offshore gas exploration as the industry prepares to make energy transition pledges
Harbour bullish on UKCS drilling
17 March 2022
The firm will add a fifth rig as it seeks to extend reserve life in the basin
Johnson reaffirms commitment to UKCS oil and gas
15 March 2022
Prime minister sees a role for the basin in greater UK energy independence, as lobby group puts its head above the parapet on windfall tax calls
IOG achieves first gas
14 March 2022
UK independent flows SNS molecules to Bacton
IOG completes UK gas reception facilities
7 March 2022
Producer set to bring on new UKCS volumes amid yet another record-breaking price spike
War in Europe reinforces logic for tapping North Sea gas
1 March 2022
Russia’s invasion of Ukraine has underscored the urgency for the Netherlands, and Europe more widely, to exploit its domestic gas resources, Nogepa chief tells Petroleum Economist
Letter from Edinburgh: Scotland’s oil balancing act
18 February 2022
The recent blow to plans for developing the Cambo oilfield illustrates the country’s changing and increasingly uneasy relationship with oil
Market takes heart from UK government’s North Sea commitment
11 February 2022
Renewed backing for project sanctions boosts UKCS mood
Deltic retains exploration enthusiasm
3 February 2022
The UK independent has successfully brought in partners and is gearing up to drill
i3’s UKCS race not run yet
31 January 2022
The UK-listed independent has pivoted more towards Canada. But that does not speak to diminished enthusiasm for the North Sea basin
Challenges aplenty but opportunity remains for UKCS
27 January 2022
There is life in the old North Sea dog yet
UKCS still attracting buyers
18 January 2022
Healthy appetite remains despite an evolving oil and gas landscape
NCS resource growth hits seven-year high
13 January 2022
2021 additions top 500mn bl
UK-listed independents get busy
11 January 2022
Shareholder antipathy towards oil and gas is no stumbling block to activity
North Sea independents aim to reap carbon footprint benefits
3 December 2021
Two of the basin’s larger producers consider ways to cash in on relatively greener production
Sturgeon omits Cambo from conference speech
30 November 2021
No mention of the potential UKCS development in Scottish leader’s address to her party
Outlook 2022: A ‘just’ or ‘just in time’ transition for the UK North Sea?
25 November 2021
For over 200 hundred years, the world has relied on fossil fuels for affordable, reliable energy. How does it get to an economy based on greener energy without triggering an adverse reaction?
Outlook 2022: Independents tap into the transition
9 November 2021
Large-cap companies may be keen to decarbonise their portfolios, but shedding non-core assets presents a golden opportunity for smaller upstream E&Ps
Var looks at IPO
27 October 2021
The Norway-focused IOC/private equity company is mulling a flotation
OGA takes aim at Elgin-Franklin laggards
26 October 2021
The UK upstream regulator is unhappy at partners in the field dragging their feet on the sale of ExxonMobil’s stake
Corallian seeks bidders
21 October 2021
The pre-production North Sea independent has put itself up for sale
Could Boris Johnson drop a Cop bombshell on UK oil and gas?
14 October 2021
Industry figures warn the quixotic British prime minister might choose Glasgow talks to make a grand gesture on the UKCS’ future
Greenpeace makes further UK anti-oil protest after court defeat
12 October 2021
The beleaguered E&P sector can breathe easier after legal ruling against the environmental NGO. But it has taken its message directly to the heart of the political establishment
Serica factors ESG into North Sea M&A ambitions
30 September 2021
The firm has added environmental footprint into its criteria when assessing potential buys
North Sea buyers wanted
10 September 2021
The UKCS in particular has a pipeline of assets for sale. But who will the purchasers be?
Why the SNP is wrong about Cambo
9 September 2021
Scotland’s largest party stands accused of failing to see the big picture on the UK oil and gas industry’s contribution to the energy transition
BP content with West of Shetland portfolio
7 September 2021
The major pronounces itself satisfied with the assets it holds in the UKCS frontier region
Enquest seeks more low-cost deals
2 September 2021
The UK and Malaysia-focused producer is in the market for assets, but ideally those without a price tag
OGUK issues North Sea investment warning
2 September 2021
The industry lobby group is concerned that a slowdown in UKCS spending does not translate into a stop
JOG looks towards UKCS regional electrification
31 August 2021
Power-from-shore for the GBA project could be significantly expanded
IOG rebrands project Saturn Banks
26 August 2021
The UK independent has a new name for its UKCS complex as it gears up for first gas in Q4
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