Tagged With UK
UK ratchets up windfall tax
17 November 2022
Analysts and industry are left dismayed by larger-than-expected hike and potential unintended consequences
The curious case of the Hurricane bid
9 November 2022
UKCS producer’s pared-back portfolio appears to tick few boxes
Reabold management stands firm against board clear-out
2 November 2022
The co-CEOs of the North Sea-focused E&P warn that an activist shareholder lacks the vision and portfolio-familiarity to add value
Accelerated gas focus for new UK licensing round
7 October 2022
Regulator designates four priority clusters in Southern North Sea for fast track
Capricorn and New Med to merge
30 September 2022
The deal between the two independents leaves London-listed Tullow Oil without a dance partner
UK investment allowance gets to work
26 September 2022
Greater enthusiasm is emerging not just for activity but also for projects promising near-term spend
UK shale drillers hope for rebirth
8 September 2022
The new administration’s lifting of a fracking moratorium is cause for renewed optimism
UK PM contender Truss backs North Sea and fracking
1 September 2022
The favourite to be the country’s next leader backs domestic supply solutions
UK gas producers need to read the room
30 August 2022
The reality of price rises facing consumers means the dialogue has shifted
Mixed appetite for UKCS farm-outs
25 August 2022
Deltic reports progress but will also relinquish two licences after failed processes
Letter from London: Leadership lacking as energy crisis looms
22 August 2022
The UK is facing a winter of energy price discontent, but the governing Conservative party is focused on its own internal struggle
UKCS backers take big EPL hit
18 August 2022
The basin’s champions over a challenging period may lose most from timing of the so-called windfall tax
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
Serica unmoved by sweetened Kistos offer
26 July 2022
Improved terms fail to sway UK producer
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
Kistos acquires UKCS assets from TotalEnergies
11 July 2022
The Netherlands-focused independent has completed its first acquisition on the UKCS and doubled its production
Kwarteng considers accelerating UK gas quality relaxation
30 June 2022
Minister may override for now a consultation process being run by the country’s health and safety authorities
IOG aims for Southwark gas in Q4
21 June 2022
The UKCS independent is making progress at the third of its Saturn Banks phase-one fields
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
UK onshore shows further signs of life
24 May 2022
Producers continue to be upbeat on a previously neglected sector, despite unconsummated M&A
Sunak demands North Sea cash bonanza reinvestment
19 May 2022
UK MPs vote against a windfall tax on producers, but finance minister wants spending in return for no raid on coffers
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
Licensing round May update
3 May 2022
The industry's most comprehensive list of current and recent rounds for onshore and offshore licences
Letter from London: Italian dealmaking contrasts with passive UK
3 May 2022
Italy and the UK are taking different approaches to energy security following the invasion of Ukraine
Consenting your energy project: Which regime applies?
25 April 2022
The cost and length of a project’s consenting process in the UK varies greatly depending on factors such as capacity and location
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
Licensing round April update
4 April 2022
The industry's most comprehensive list of current and recent rounds for onshore and offshore licences
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
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
US and UK ban Russian oil imports
9 March 2022
The allies call a halt to deliveries, but Biden seems accepting that more exposed European countries will not follow suit
IOG completes UK gas reception facilities
7 March 2022
Producer set to bring on new UKCS volumes amid yet another record-breaking price spike
UK’s flexibility funding gap presents investment opportunities
28 February 2022
Substantial private sector finance needed to back a rapid scale-up of low-carbon flexibility technologies as UK decarbonises its energy system
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
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