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Montrose Port Authority embarks on bold restoration initiative for iconic Customs House and Granary Store

Montrose Port Authority embarks on bold restoration initiative for iconic Customs House and Granary Store   The 19th Century listed buildings which previously reflected the importance of Montrose in the world of international trade and shipping have been bought by Montrose Port Authority (MPA). Situated on the Port’s north quayside, the imposing B-listed Customs House and Granary Store was previously owned by the Stonehaven-based engineering firm, Whittaker Group which planne...

Consent granted for Rosebank project

Consent granted for Rosebank project   The North Sea Transition Authority has today granted development and production consent for the Rosebank field, north-west of Shetland. The consent has been given by the oil and gas regulator to owners Equinor and Ithaca Energy, following the acceptance of the Environmental Statement. An NSTA spokesperson said: “We have today approved the Rosebank Field Development Plan which allows the owners to proceed with their project. “...

REACTION: TNUoS tariffs catastrophic for Scotland’s renewable energy industry

REACTION: TNUoS tariffs catastrophic for Scotland’s renewable energy industry   National Grid ESO has announced its projection of Transmission Network Use of Service (TNUoS) tariffs for 2029/30 – 2033/34. Responding, Morag Watson, Director of Policy at Scottish Renewables, said:     “The latest projection of TNUoS tariffs is catastrophic for Scotland’s renewable energy industry and says to investors ‘no new projects should be built in...

TotalEnergies weighs sale of UK North Sea gas assets

TotalEnergies weighs sale of UK North Sea gas assets The Greater Laggan Area comprises the undeveloped Glendronach field as well as the Laggan, Tormore, Edradour and Glenlivet gas fields.   French oil and gas major TotalEnergies is considering selling its remaining stake in the UK’s North Sea natural gas fields, reported Bloomberg, citing sources. The assets up for sale are located within the Greater Laggan Area (GLA). Last year, TotalEnergies agreed to sell a 20% inter...

BlueNord drops out of Danish North Sea oil and gas tender

BlueNord drops out of Danish North Sea oil and gas tender BlueNord has decided not to proceed with an application for a mini-tender staged by the Danish Energy Agency for an oil and gas permit covering the Elly and Luke discoveries.   BlueNord has decided not to proceed with an application for a mini-tender staged by the Danish Energy Agency (DEA) for an oil and gas permit covering the Elly and Luke discoveries. The DEA opened the tender on July 6 following an unsolicited applic...

North Sea oil: Serica Energy in UK windfall tax regime call

North Sea oil: Serica Energy in UK windfall tax regime call   The chief executive of a North Sea oil and gas company has said UK fiscal regime “problems” need to be addressed urgently to restore confidence in the sector. London-listed Serica Energy posted “commendable” results for the six months ended June 30 and hailed investment but warned of “uncertainties” and the current UK Government fiscal regime amid an ongoing push against measures such...

Unite's Petrofac Members Prepare for Strike on Ithaca Energy's Offshore Platforms

Unite's Petrofac Members Prepare for Strike on Ithaca Energy's Offshore Platforms   The UK-based union Unite said Tuesday that around 85 offshore workers employed by Petrofac Facilities Management Limited are set to take strike action over six days on installations operated by Ithaca Energy. According to Unite, the dispute centers on Ithaca Energy’s fourteen-day 'clawback' policy. Petrofac offered to reduce this policy to twelve days. The industry norm is sev...

Hibiscus’ Marigold field development marks one step further towards tapping oil reserves, says HLIB Hibiscus’ Marigold field development marks one step further towards tapping oil reserves, says HLIB

Hibiscus’ Marigold field development marks one step further towards tapping oil reserves, says HLIB  Hibiscus’ Marigold field development marks one step further towards tapping oil reserves, says HLIB   Hong Leong Investment Bank (HLIB) is positive on Hibiscus Petroleum Bhd’s wholly owned unit Anasuria Hibiscus UK Ltd (AHUK) entering into a unitisation and unit operating agreement (UUOA) to develop the Marigold field located in the Central North Sea. The rese...

Equinor submits PDO of Eirin gas field in Norwegian North Sea

Equinor submits PDO of Eirin gas field in Norwegian North Sea   Equinor, on behalf of its partner KUFPEC Norway, has submitted a plan for development and operation (PDO) of the Eirin gas field in the North Sea to the Norwegian Ministry of Petroleum and Energy. The offshore field holds an estimated 27.6 million barrels of recoverable reserves, with the majority consisting of natural gas. Discovered in 1978, the Eirin gas field is intended to be developed as a subsea tieback to th...

OEUK statement: Murlach oil and gas field approved

OEUK statement: Murlach oil and gas field approved   The leading representative body for the offshore energy sector, Offshore Energies UK, has today responded to bp’s Murlach oil and gas field gaining government approval. OEUK sustainability and policy director, Mike Tholen, said: “The approval of Murlach is good news for the UK’s economy. Every new project approved in UK waters will help us manage our reliance on imported energy as North Sea production decline...

Ithaca to acquire remaining stake in underdeveloped North Sea oil, gas field from Shell

Ithaca to acquire remaining stake in underdeveloped North Sea oil, gas field from Shell   Ithaca Energy has agreed to acquire the remaining 30% stake in the Cambo oil and gas field from Shell U.K. Limited, taking Ithaca Energy’s stake in Cambo to 100%. The acquisition will provide Ithaca Energy with full control over the progression of the future development of Cambo, the second largest undeveloped oil and gas discovery in the UK North Sea. The Cambo field is located in th...

DNV acquires ANB Systems to enhance its digital energy management capabilities and accelerate the energy transition

DNV acquires ANB Systems to enhance its digital energy management capabilities and accelerate the energy transition   DNV, the independent energy expert and assurance provider, has announced the acquisition of Houston-based ANB Systems, a prominent software as a service (SaaS) company providing energy program services to utility and regulatory body customers. This strategic move is part of DNV's ongoing commitment to support customers in leading and accelerating the energy transi...

2024 Offshore Achievement Awards (OAA) Launch at Offshore Europe with Dual 50th-Year Celebrations

2024 Offshore Achievement Awards (OAA) Launch at Offshore Europe with Dual 50th-Year Celebrations   The SPE Aberdeen Offshore Achievement Awards 2024 launched at the end of Offshore Europe to coincide with the event’s 50th year. SPE Aberdeen will also celebrate its 50th year in the industry when the awards are held on the 14th March 2024 at the P&J Live in Aberdeen. The nominations for 2024 are now open with the awards also welcoming new principal sponsors Exceed and Wel...

Ithaca Energy takes full control of North Sea gas field in deal with Shell

Ithaca Energy takes full control of North Sea gas field in deal with Shell   Ithaca Energy PLC said it plans to acquire the remaining 30% stake in Cambo from Shell PLC, subject to regulatory approval. The acquisition will give Ithaca Energy full control over Cambo, the second-largest undeveloped oil and gas discovery in the UK North Sea. Payment for the acquisition is contingent on either the production of first oil or the proceeds from any subsequent sale of a working interest...

Robert Gordon University research reveals that despite significant challenges, the UK offshore energy workforce has vast potential to grow

Robert Gordon University research reveals that despite significant challenges, the UK offshore energy workforce has vast potential to grow   A new report by Robert Gordon University has found that the UK offshore energy workforce can increase by up to 50% from over 150,000 in 2023 to 225,000 by the end of the decade with new renewable jobs outnumbering oil and gas roles if a successful transition is achieved. However, the new Powering up the Workforce report also warns that if the...

ORE Catapult launches new programme for companies in Caithness, Sutherland and Orkney to break into Offshore Renewable Energy

ORE Catapult launches new programme for companies in Caithness, Sutherland and Orkney to break into Offshore Renewable Energy   Businesses across Caithness, Sutherland and Orkney aiming to enter the rapidly expanding offshore renewable energy sector can apply to a regional Fit For Offshore Renewables (F4OR) programme for the first time today (Tuesday). The industry leading F4OR supply chain growth programme will be delivered by the Offshore Renewable Energy (ORE) Catapult, and supp...

North Sea oil expertise can help Scotland profit from the renewable energy ‘gold rush’ but there is still a real risk of missing out – Sian Lloyd-Rees

North Sea oil expertise can help Scotland profit from the renewable energy ‘gold rush’ but there is still a real risk of missing out – Sian Lloyd-Rees   The UK is a leader in offshore wind energy and Scotland is in prime position to capitalise on the global ‘gold rush’ for renewable power. We are surrounded by seas boasting some of the best wind conditions in the world, while innovations in engineering across the sector have driven down costs. This pot...

Getech assists Nittetsu Mining in Copper Exploration in Peru

Getech assists Nittetsu Mining in Copper Exploration in Peru   Getech, a world-leading locator of subsurface resources, has successfully assisted Nittesu Mining to identify favourable conditions for iron oxide copper gold (IOCG) minerals deposits in Peru. This analysis informed a multi-million-dollar investment decision in the country. Rather than following the traditional approach of searching near already discovered mineral deposits, Getech’s solution identifies geological...

Economic Report 2023: Need to reframe UK energy debate from what we just stop to what we must start ​

Economic Report 2023: Need to reframe UK energy debate from what we just stop to what we must start ​   The UK must compete globally and act on unlocking energy investment – and it must act fast, Offshore Energies UK chief executive has said in a speech launching the organisation's 2023 Economic Report in Aberdeen today (Wednesday, September 6). David Whitehouse told an audience of industry, stakeholders and media that the answer to unlocking key investment to safeguard t...

Scottish Government promises a Green Industrial Strategy

Scottish Government promises a Green Industrial Strategy   Scottish Renewables welcomes the Scottish Government committing to: a Green Industrial Strategy delivering on an Energy Strategy and Just Transition Plan establishing an onshore wind sector deal speeding up the consenting process for offshore wind The First Minister has promised a Green Industrial Strategy and to start delivering on an Energy Strategy and Just Transition Plan that will support the global trans...
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