Dräger Marine & Offshore (DMO), a global leader in the field of safety technology, has secured a long-term deal with a major North Sea oil and gas operator.
Due to run for five-years, with a further two one-year extension options, the extension of the existing supply contract means more than 10 UK North Sea assets will continue to benefit from Dräger’s industry leading portable gas detection and breathing apparatus systems.
Perenco CEO Armel Simondin said, “This test has met our expectations, both in terms of technical execution and the quality of data gathered. These insights are instrumental as we move to the next phase of developing the Poseidon Project. The successful test highlights the role our industry can play in the UK’s decarbonization efforts. The Perenco CCS team and our joint venture partners are now fully focused on interpreting the results and converting new insights into an evidence-based development plan for Project Poseidon”.
Latest analysis from Westwood Global Energy Group, the specialist energy market research and consultancy firm, reveals the extent of financial and logistical hurdles for North Sea decommissioning
The UK government is drafting a new tax regime for oil and gas companies to replace a controversial windfall levy after 2030, with an aim to hit companies only when prices are unusually high.
The two-year, cost-reimbursable contract extension, centers on providing brownfield EPC services, as well as subsea and integrity management, at the Shell UK-operated St Fergus and Mossmorran onshore terminals and the Nelson, Gannet and Shearwater offshore assets.
The U.K.’s controversial Rosebank oilfield, which was approved for development in the North Atlantic in September 2023, by the former Conservative government, has faced severe delays as environmentalists battled to block the development.
Oil giants such as BP and Shell who operate in the North Sea should be given huge tax breaks to help protect the UK against Donald Trump’s burgeoning trade war, Chancellor Rachel Reeves has been told.
The government fleshed out the goal Prime Minister Keir Starmer announced at the COP29 summit in November, touting its credentials as the first Group-of-Seven country to phase out coal, its phaseout of new cars relying solely on the combustion engine by 2030 and its policy of not issuing new oil and gas exploration licenses.
US onshore driller Helmerich & Payne (H&P) has closed its $1.97 billion acquisition of UK competitor KCA Deutag, and in the process it acquired the remaining 10% of KCA Deutag that had been held by Italian contractor Saipem.
The financial curbs on oil trading firms, 2Rivers DMCC and 2Rivers Pte Ltd. will clamp down on Russia’s oil revenues and drain President Vladimir Putin’s “war chest,” the UK government said in a statement on Tuesday. The two firms were “key lynchpins in enabling the trading of Putin’s precious oil,” it said.