The future of new oil and gas projects in the UK has been thrown into doubt following a landmark decision by the Supreme Court.
Under supportive policies, investment in domestic offshore energy sectors such as oil and gas, offshore wind, hydrogen, and carbon capture and storage technology could surge by more than 50%, rising from approximately £13 billion last year to over £20 billion by the early 2030s, according to a new report
Luxembourg-domiciled Subsea7 has tucked a new assignment in the UK under its belt, which will enable it to work on the development of a field that will be tied back to an existing floating production, storage, and offloading (FPSO) vessel working in the North Sea.
UK-based produced water treatment specialist Adaptive Process Solutions (APS) has conducted a field trial of its microbubble infusion unit (MiFU) technology aboard a floating production, storage, and offloading installation (FPSO) vessel in the North Sea, resulting in lower oil in water (OiW) levels.
A new study reveals that without urgent political alignment, the UK’s offshore energy industry faces a bleak future, with less than 0.3% of scenarios providing a “just and fair” transition by 2030
Eni SPA is combining its upstream oil and gas business in the United Kingdom with Ithaca Energy PLC, in a transaction expected to potentially give the Italian energy major a leading position in the UK continental shelf (UKCS).
UK-headquartered oil and gas company Trident Energy has expanded its footprint on Africa’s oil and gas scene by inking strategic agreements with two oil majors, the U.S.-based Chevron and France’s TotalEnergies, which enable it to get its hands on offshore acreage in the Republic of Congo.
However, the deal excludes Eni’s East Irish Sea assets and carbon capture and storage activities.
A new report published by independent research and business intelligence company, Rystad Energy shows the oil and gas sector’s supply chain possesses between 60 to 80% of the capabilities required to develop the UK’s low carbon energies, but targeted investment is vital to capture the potential of an estimated £150 billion opportunity.
Dagang NeXchange Bhd’s (DNeX) UK upstream oil and gas arm Ping Petroleum UK plc (Ping UK) has added three more North Sea oilfield licences to its portfolio.