North Sea

All posts for North Sea

UK Trade Body Welcomes Budget Green Light to Tax Change That Will Unlock Investment

The Chancellor today announced a tax measure that will unlock further investment in the UK North Sea by enabling more assets to change hands and allow new owners to provide fresh investment in many mature oil and gas fields. Oil & Gas UK has been working constructively with HM Treasury for a numbe ...

OilVoice Press - OilVoice

Posted 1 day agoOpinion > United KingdomBudgetTax +3

Acquisition of BP Interests in the Bruce, Keith and Rhum Fields in the North Sea

London, 21 November, 2017 – Serica Energy plc (AIM: SQZ) (“Serica” or “the Company”) is pleased to report that Serica UK, a wholly-owned subsidiary of the Company, has signed a Sale and Purchase Agreement to acquire BP's interests in the Bruce, Keith and Rhum fields in the North Sea and associat ...

OilVoice Press - OilVoice

Posted 2 days agoPress > BPAcqusitionSerica Energy +6

Craig International Secures Multi-Million Pound Contract With Chrysaor

Oil and gas procurement specialist, Craig International, has bolstered its North Sea operations with the announcement of a contract with Chyrsaor. The contract is for an initial year with two one-year options included. The project will see Craig International provide its procurement services to th ...

OilVoice Press - OilVoice

Posted 3 days agoPress > Craig InternationalChrysaorNorth Sea +1

Oil & Gas UK Makes Final Case For Tax Change Ahead of UK Budget

The UK Government has a limited window of opportunity to introduce a tax change with the Budget that could save the UK taxpayer millions of pounds by deferring the decommissioning of mature oil and gas fields. That's the view of Oil & Gas UK which believes it is vital that the tax history is trans ...

OilVoice Press - OilVoice

Posted 3 days agoPress > Oil & Gas UKTaxUnited Kingdom +4

Wood Commences New Operating Partner Contract for SAGE System and Beryl Pipeline

Wood has commenced a multi-million dollar, evergreen contract to act as operating partner of the Scottish Area Gas Evacuation (SAGE) system and Beryl pipeline, on behalf of Ancala Midstream Acquisitions Limited (Ancala Midstream). Wood will manage the day-to-day operation of the SAGE system, which ...

OilVoice Press - OilVoice

Posted 4 days agoPress > WoodSAGE SystemBeryl Pipeline +3

Wintershall Deploys Emerson’s Advanced Downhole Wireless Integrity Monitoring System on Maria Field

STAVANGER, NORWAY (November 20, 2017) – Emerson's latest Roxar Downhole Sensor System has been deployed on the Maria field offshore Norway, providing the field's operator Wintershall with improved well integrity monitoring and offshore safety.  The latest deployment of the system - a wireless solut ...

Paul Fisher

Posted 4 days agoPress > North Sea

Well-Safe Solutions Secures its First Contract

Specialist well abandonment company wins intervention work for TAQA Bratani Limited Well-Safe Solutions has signed its first contract after launching in July this year. The specialist well abandonment company has secured a three-year framework agreement with TAQA Bratani Limited for the provisi ...

OilVoice Press - OilVoice

Posted 7 days agoPress > Well-Safe SolutionsContractUnited Kingdom +2

RiskPoynt to Provide Operational Risk Management Software Solution for UK Oil and Gas Company, Chrysaor

DENVER – (November 6, 2017) – The oil and gas company Chrysaor has selected RiskPoynt Barrier Model as their operational risk management solution. Chrysaor tapped RiskPoynt in 2017 after searching for a software tool to improve their process for managing upstream operational risks. Chrysaor, which ...

Rachel Brannon

Posted 17 days agoPress > North SeaOil and GasChrysaor +2

Statoil - New Gas Module at Troll C

  The partners in the Fram license have decided to invest in a new project to increase production from the Fram field in the North Sea. The decision is taken in agreement with the partners in the Troll license.  This means that the Fram licence is investing NOK one billion in a new gas ...

OilVoice Press - OilVoice

Posted 17 days agoPress > StatoilFram licenseNorth Sea +1

Ramco Group announces Russel Davies as new CEO

Aberdeen headquartered Ramco Group has appointed former Dominion Gas managing director Russel Davies as its new CEO. The independent oil and gas industry specialist has made the move as former CEO Derek Smith stands down after a successful three years, relocating back to the central belt of Scotla ...

OilVoice Press - OilVoice

Posted 21 days agoPress > Ramco GroupNorth SeaUnited Kingdom +1

ENGIE E&P Increases Resource Estimate on Cara

ENGIE E&P, the operator of the Cara-licence (PL 636) in the Norwegian sector of the North Sea, is increasing the resource estimate. ENGIE E&P now estimates that the Cara discovery contains 56 - 94 million barrels of oil equivalent. Cara is a gas and oil discovery in PL636 in block 36/7, located a ...

OilVoice Press - OilVoice

Posted 21 days agoPress > ENGIENorwayNorth Sea +2

NorSea Group and IOS Form Alliance

NorSea Group (UK) Ltd and Independent Oilfield Services (IOS) have formed an alliance to provide a complete logistics, storage and inspection package which will deliver significant cost benefits for energy sector companies operating in the North-east of Scotland. The arrangement will combine NorSea ...

Kate Yuill

Posted 21 days agoPress > North Seasupply chain logisticsPipe +2

New Executive Chairman for Joint Fishing and Offshore Safety Organisation

Issued by U.K. Fisheries Offshore Oil and Gas Legacy Trust Fund Limited  A lawyer with extensive experience of working with the fishing and oil and gas industries today (November 1) takes over the helm of the U.K. Fisheries Offshore Oil and Gas Legacy Trust Fund Limited or FLTC. Charles Scott, a ...

OilVoice Press - OilVoice

Posted 21 days agoPress > United KingdomOffshoreNorth Sea +1

Shell Completes Sale of UK North Sea Asset Package to Chrysaor for up to $3.8bn

Shell has completed the sale of a package of UK North Sea assets to Chrysaor for a total of up to $3.8bn, including an initial consideration of $3.0bn and a payment of up to $600m between 2018-2021 subject to commodity price, with potential further payments of up to $180m for future discoveries. Th ...

OilVoice Press - OilVoice

Posted 23 days agoPress > ShellUnited KingdomNorth Sea +1

EnQuest Liquidity Enhanced by Over $100 Million

EnQuest announces the execution of an $80 million crude oil prepayment transaction and a $37.25 million refinancing for its Tanjong Baram project in Malaysia. These transactions directly provide EnQuest with over $100 million of additional financial resources. This is part of the ongoing programme ...

OilVoice Press - OilVoice

Posted 28 days agoPress > EnQuestLiquidityNorth Sea +1