Union Jack Oil reported its total losses nearly doubled to £935,151 in the first six months of 2020 compared with £484,068 for the same period last year, but it remained confident in the future. In its unaudited results for the first six months to 30 June 2020, the company reported a fall in revenue of […]
Tag: gas
EnQuest reports losses and reorganises North Sea operations
EnQuest’s revenue nearly halved for the first six months of 2020 compared with the same period last year but production losses were minimised. Th group also decided not to restart production at the Heather/Broom and Thistle/Deveron fields, and to reorganise its UK North Sea business into three directorates of upstream, midstream and decommissioning leading to a […]
OGA notes joint power sites for oil-gas and wind farms
Shared electrification of offshore oil and gas industry and wind farms aimed at reducing greenhouse gas emissions has taken a step further by the Oil & Gas Authority (OGA). Areas identified with the most significant opportunities are West of Shetland, the Outer Moray Firth, Central North Sea and Southern North Sea. The OGA stated that […]
Egdon completes North Sea gas farm-in with Shell
Egdon Resources plc (AIM:EDR) has sealed the farm-in agreement with Shell in respect of offshore North Sea licences P1929 and P2304 containing the Resolution and Endeavour gas discoveries. The Oil and Gas Authority (OGA) approved the transfer of a 70% interest and operatorship in both licences, and Egdon retains a 30% interest in the licences. […]
UK energy integration could add 30% to net zero
UK offshore oil and gas, renewables, hydrogen and carbon capture and storage (CCS) integration could contribute some 30% of the country’s total carbon reduction needed to meet the 2050 net zero target. The Oil and Gas Authority’s (OGA) published its findings in a report, Energy Integration Project, in collaboration with Ofgem, The Crown Estate and the Department for […]
Rathlin eyes two new possible oil sites at West Newton
Two new potential oil sites in Weston Newton are being planned by Beverley-based onshore energy operator Rathlin Energy (UK) Ltd. The company has submitted screening requests to East Riding of Yorkshire Council for West Newton C and West Newton D to determine the need for environmental impact assessments. Rathlin already operates at West Newton A […]