Hartshead Resources NL has increased its licences with the award of 10 blocks in the 33rd licensing round. PORTFOLIO The blocks contain discovered hydrocarbons with a range of re-development, development and appraisal opportunities, as well as multiple near field exploration openings. The North Sea Transition Authority offered field redevelopments in 50% partnership with Dutch developer […]
Tag: North Sea Transition Authority – NSTA
Europa declines UK offshore licence
Europa Oil & Gas (Holdings) plc has declined the offer of a licence by the North Sea Transition Authority in the 33rd offshore licensing round. OPPORTUNITIES The regulator had awarded the licence as a marriage between the company and another party. Europa declined the marriage and the full licence should NSTA decide to offer it […]
NSTA fines NEO £100,000 for venting breach
NEO Energy Production UK Ltd (NEO) has been fined £100,000 for breaching its combined vent consent for the Donan, Lochranza and Balloch fields 200km northeast of Aberdeen. FAILURE The North Sea Transition Authority said that venting approval, issued for 1 January to 31 December 2022, allowed for 1.035 tonnes of venting per day, equivalent to […]
UKOG granted one year extension for Loxley
UK Oil & Gas plc has been granted a one-year extension to its Loxley gas licence by the North Sea Transition Authority. The company must begin drilling the Loxley-1 appraisal well on PEDL234 retention area work programme no later than 30 June 2025. The deadline allows the company to retain the full 300 km² licence without […]
Orcadian agrees new date to repay $1m loan to Shell
Orcadian Energy plc has agreed an extension until 13 June 2024 to pay the US$1 million loan to Shell. AGREEMENTS The original repayment was 23 August 2023 which was twice extended to 13 March 2024. The company said that the new extension allowed time to process the $3.1m sale of a 81.25% interest in its […]
Deltic awarded Dewar-Central Graben blocks
Deltic Energy plc has been provisionally awarded two central North Sea licences over three part-blocks covering 226km2 in UK’s 33rd offshore licensing round. LOW COST The North Sea Transition Authority (NSTA)’s tranche 2 awards are for blocks 22/24f (part) and 22/25e (part) over 80km2 within Dewar and blocks 29/4b across 146km2 in Central Graben. Deltic previously […]