The North Sea Transition Authority said it was investigating an oil and gas company suspected of failing to meet licence obligations designed to stimulate activity in support of the UK’s energy security. SEISMIC SURVEY The regulator will consider whether the company was obliged under the terms of a licence it was awarded in a prior […]
Tag: North Sea Transition Authority – NSTA
UK North Sea flaring decreases 50%
UK North Sea flaring has fallen by 50% following four consecutive years of reductions while venting last year increased, said the North Sea Transition Authority (NSTA). EMISSIONS Offshore flaring, when excess gas is burned off, decreased in 2022 by 13% to 22 billion cubic feet (bcf), contributing to a total reduction of 50% since 2018 […]
UKOG to progress Loxley appraisal well
UK Oil & Gas plc (UKOG) has received regulatory consent for a modified retention area at PEDL234 Loxely gas field in Surrey. APPRAISAL WELL The company said yesterday that the North Sea Transition Authority (NSTA)’s approval will allow it to focus on accelerating its planned appraisal campaign of its 100%-owned gas discovery. UKOG has agreed […]
Baron submits JV bid in 33rd licensing round
Baron Oil plc said it had, as a joint venture non-operating partner, submitted an application in the UK offshore 33rd Round of licensing, conducted by the North Sea Transition Authority (NSTA). POTENTIAL The company said its bid was in line with its strategy to acquire “significant equity stakes” in potentially high impact oil and gas […]
NSTA 33rd licensing round attracts more than 100 bids
A total of 76 companies submitted an aggregate 115 bids across 258 blocks and part-blocks in the UK’s 33rd offshore oil and gas licensing round, said the North Sea Transition Authority (NSTA). PRODUCTION Offered acreage across the North Sea includes four priority areas, which have known oil and gas, in which there was “very keen […]
Neptune to use offshore wind for North Sea assets
Neptune Energy hopes to extend the life of its producing fields by powering new integrated energy hubs in the UK North Sea with offshore wind-generated electricity. INTEGRATED ENERGY HUBS The company today signed a memorandum of understanding with Ørsted and Goal7 to examine the potential of supplying renewable electricity from Ørsted’s Hornsea offshore windfarm projects […]