Western Europe
News
November 27, 2022
Shell Plc is selling its stakes in a group of North Sea oil fields, according to Bloomberg News. The assets include minority stakes in two fields operated by BP Plc and an interest in a discovery field also operated by BP in the waters east of Scotland.
News
November 23, 2022
An investigation has been launched into an oil and gas company for flaring and venting in the North Sea without consent. The probe by the North Sea Transition Authority could result in action being taken, including a fine for the company or the relevant license being taken away.
News
November 23, 2022
Bumi Armada, international offshore energy facilities and services provider, has partnered with OPEX (an ERM Group Company) to drive down carbon emissions on its Armada Kraken FPSO facility, which serves the EnQuest-operated Kraken Field located in the northern North Sea.
News
November 22, 2022
Equinor ASA will lead the development of the Irpa gas discovery in the northern reaches of the Norwegian Sea to unlock an estimated 20 billion standard cubic meters of recoverable reserves, Norway’s Petroleum and Energy Ministry said in a statement on Tuesday.
News
November 17, 2022
Waldorf is among several smaller companies seeking to acquire North Sea assets being offloaded by larger energy players, who are seeking to offload oil and gas exploration projects to raise money for renewable investments.
News
November 17, 2022
(WO) — The UK’s offshore industry will be hit hard by the chancellor’s latest tax changes, which threaten to drive out investors, drive up imports and leave consumers increasingly exposed to global shortages, Offshore Energies UK warned.
News
November 16, 2022
Neptune Energy and its partners said Wednesday that hydrocarbons have been encountered in the Calypso exploration well in the Norwegian Sea. The operations are still at an early stage, and Neptune has not determined if commercial volumes are present.
News
November 14, 2022
Germany moved to nationalize a second major gas company in two months as Berlin seeks to secure supplies for the winter and contain the financial shock from Russia’s squeeze on European energy.
News
November 13, 2022
UK Chancellor Jeremy Hunt is expected to delay much of the £55 billion ($65 billion) of savings to fill the hole in the public finances until after the next election, including an increase in the oil and gas windfall tax.
News
November 13, 2022
Oil and gas investments could be driven out of UK waters if Chancellor Jeremy Hunt carries out threats to raise the windfall tax to 35%, Offshore Energies UK (OEUK) has warned.
News
November 11, 2022
The European Union’s impending sanctions on oil imports from Russia aren’t quite as exclusionary as they might seem at first sight. It will still be possible for what are arguably still Russian oil molecules to legitimately enter the European Union.
News
November 10, 2022
TÜV SÜD National Engineering said it has secured government funding to build the UK’s first gaseous CO2 flow measurement facility to provide meter traceability for carbon capture utilization and storage deployment.
News
November 08, 2022
The split in the European Union is deepening over how to contain an energy crisis, with nations supporting a price cap on imported natural gas accusing the bloc’s executive of being too slow to develop a proposal to limit the costs of the fuel.
News
November 08, 2022
Many of the world's oil refineries are rushing to secure supplies of Middle East crude for next year as nearly all European Union countries will be barred from purchasing seaborne cargoes from Russia within a month.
News
November 04, 2022
Neptune Energy announced Friday that drilling has commenced on the Calypso exploration well in the Norwegian Sea, with a target depth of approximately 2,960 meters (9,711 feet).
News
November 04, 2022
The Czech Republic imposed its first windfall tax on some of the biggest businesses to help finance energy subsidies without boosting government borrowing. The 60% "surcharge" will be in place for three years.
News
October 12, 2022
Neptune Energy received approval to raise the production limit at its operated Römerberg oil field in the Rhine Valley, southwestern Germany, enabling Neptune to increase oil production by up to three times the current limit of 3,700 barrels of oil equivalent per day.
News
October 10, 2022
Petrofac has been selected by Dana Petroleum to provide well management services for all its UK North Sea operated assets, including the Triton FPSO and the Western Isles FPSO vessels.
News
October 07, 2022
The UK oil and gas licensing round announced Friday by the North Sea Transition Authority, will boost British gas supplies, sustain the offshore industry and strengthen plans for a low carbon future, said Offshore Energies UK.
News
October 06, 2022
Neptune Energy and its partners announced an extension of higher gas production from the Duva field in Norway, supplying enough gas to heat a further 550,000 UK homes per day.
News
September 30, 2022
Record exports of Norway’s Johan Sverdrup crude oil are set to help meet European refineries’ needs as a deadline to phase out Russian supplies draws closer.
