News
January 11, 2023
Of the 47 drilling permits, 29 are in the North Sea, 16 are in the Norwegian Sea, and two are in the Arctic Barents Sea. This licensing round is expected to bolster and maintain activity in the Norwegian Continental Shelf.
News
January 10, 2023
"We strongly support the draft strategy's commitment to developing a Scottish hydrogen economy, including the exciting ACORN project in the north-east. However, we are concerned at the statement's suggestion of accelerating the decline in oil and gas production," Jenny Stanning, OEUK’s external relations director said.
News
January 10, 2023
The converter platforms will collect the alternating current generated by several wind farms and convert it into high voltage direct current (HVDC), which will then be reconverted into alternating current at onshore stations approximately 400 km away.
News
January 09, 2023
Neptune Energy announced first oil production from its operated Rӧmerberg 6 well in the city of Speyer, south-western Germany. Initial production tests indicate flow rates of up to 1,800 boed.
News
January 09, 2023
The government received 13 new field-development plans last year. Companies including Equinor ASA and Aker BP ASA rushed to take advantage of Covid-era tax breaks that expired at the end of December.
News
January 03, 2023
The agreement opens a new supply route in southeastern Europe after Russia curbed shipments to the continent following its invasion of Ukraine. Previously, Bulgaria’s shortest way to access LNG was through Greece.
News
January 03, 2023
The Maria Energy is fully loaded with approx. 170,000 m3 LNG – enough to supply around 50,000 German households with energy for one year.
News
December 30, 2022
The Finnish Government gave consent regarding research permits to Eolus for the two offshore wind projects Wellamo and Tuulia in the Finnish Bothnian Sea. The Environmental Impact Assessment and seabed investigations will begin in 2023.
News
December 29, 2022
The oil and gas industry warns that the Energy Price Levy, which slaps a 35% rate on profits from North Sea producers, risks drying up investment in a sector that’s key to the country’s energy security even as it transitions away from fossil fuels to achieve climate goals.
News
December 29, 2022
The agreement will see the companies examine the potential to supply renewable electricity from Ørsted’s Hornsea offshore windfarm projects to power future Neptune-operated hubs in the UK North Sea.
News
December 28, 2022
Neptune Energy welcomed Equinor’s announcement of the start of production from the Njord field in the Norwegian Sea. This news follows a major upgrade of the platform and the floating storage and offloading vessel.
News
December 22, 2022
Britain’s wind farms produced nearly 74 terawatt hours so far this year, enough to power more than 19 million British homes, according to National Grid data. That exceeded the previous record of 68 terawatt hours set in 2020.
News
December 20, 2022
Cushaling Wind Farm incorporates the latest technologies and will mark the first use in the Irish market of the Vestas V162-6.2 MW EnVentus turbines. The turbines will maximize the local wind energy resource potential.
News
December 19, 2022
In Oman, three rigs have been extended for a total of seven years of work. Additionally, KCA Deutag’s Kenera business unit will provide a grid container for rig T-899. Elsewhere, the T63 has mobilized to drill two wells, with two more optional wells, for a client in Kurdistan.
News
December 19, 2022
The partnership will submit a plan for development and operation to the Ministry of Petroleum and Energy before the end of December. They will recommend that the Berling field be developed as a subsea tieback to the Åsgard B platform some 12.43 miles away.
News
December 19, 2022
Ramping up projects such as wind farms at sea is set to play a key role if Europe is to reduce its dependence on natural gas and cut carbon emissions. The UK plans to increase capacity of offshore wind production fivefold to 50 gigawatts by the end of the decade.
News
December 16, 2022
The Asterion deal gives Repsol a 7.7-gigawatt portfolio in Spain, Italy and France. The assets comprise 4.9 gigawatts of photovoltaic solar and 2.8 gigawatts of wind generation — some still under construction.
News
December 16, 2022
Along with several measures to increase efficiency and recovery, these development projects will enable Aker BP's oil and gas production to grow from around 400,000bpd in 2022 to around 525,000bbl in 2028.
News
December 14, 2022
OEUK warned that the declining output from the UK’s existing fields meant continued exploration and financing were vital for the UK’s energy security. They also announced David Whitehouse as the new CEO.
News
December 12, 2022
The EU faces a potential shortfall of almost 30 billion cubic meters of natural gas in 2023 – but they can close gaps and avoid shortages by improving energy efficiency, deploying renewables, installing heat pumps, promoting energy savings and increasing gas supplies.
News
December 08, 2022
Earlier this year, UK Chancellor Hunt increased a windfall tax on profits for the sector to 35%, from 25%, and extended it to 2028 to help subsidize energy bills that have soared on natural gas prices.
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