Spirit Energy and Wood have entered into a $130 million (£95m) agreement on late life solutions for one of the UK’s largest gas accumulations, Morcambe gas fields in the Irish Sea. The five-year consolidated services contract will see Wood aim to extend field life, lower costs and reduce late life carbon intensity across the Hub’s […]
Oil & Gas
Neptune awarded six new Norwegian Sea licences
Neptune Energy has been awarded six new licences in the Awards in Predefined Areas (APA) 2020, announced by the Norwegian Ministry of Petroleum and Energy. Neptune Energy won four licences in the Norwegian North Sea and two in the Norwegian Sea. All the licences are located close to existing infrastructure in areas where the company […]
Spirit wins new North Sea-Norwegian Sea licences
Spirit Energy has won three new licences in the Awards in Predefined Areas (APA) 2020 round in the North Sea and Norwegian Sea. Production Licence 1049 B is in the North Sea where the operator is Equinor (40%) and partners are Petoro (20%) and Spirit Energy (20%). Production Licence 1112 is in the Norwegian Sea. […]
Spirit aims to extend life of Grove NE field with new well
Spirit Energy said it would drill a new well in the Grove North East area which could extend the field’s life by five years to 2028 and improve prospects of additional opportunities in the area. The hydrocarbon exploration and production (E&P) company has studied several options including horizontal, simple vertical and platform deviated wells, subsea […]
IOG expects first gas-revenues in ‘breakthrough’ 2021
Independent Oil and Gas plc (IOG) said it expected 2021 to be another breakthrough year with first production and revenue in the UK Southern North Sea. The company, which operates an infrastructure-led hub strategy, added that Phase 1 remained on schedule for first gas during the third quarter of 2021. The Blythe and Elgood offshore […]
Union Jack increases stake in Biscathorpe for £1m
Union Jack Oil plc (UJO) today said it now held 45% interest in the Biscathorpe joint venture project PEDL253 after buying a 15% stake from Humber Oil & Gas for £1 million. TERMS Other shareholders of the licence include operator Egdon Resources UK Ltd with 35.8% and Montrose Industries Ltd 19.2%. UJO will pay £500,000 […]