Neptune Energy and its partner Spirit Energy today began production from the 11th well at its operated Cygnus gas field in the southern North Sea. SUPPLY The new well is expected to produce approximately 4,000 boepd, enough gas to heat approximately 200,000 UK homes. Together with the 10th well which came onstream earlier this year, […]
Tag: UK net zero
Neptune to invest $1bn to secure UK energy
Neptune Energy today said it would spend more than $1 billion (£800m) over the next five years to secure energy supplies for the UK and speed the transition to net zero. CARBON INTENSITY The company operates around 11% of the country’s gas supply from fields in the UK’s Southern North Sea and the Norwegian North […]
OGA interventions avoid 970,000t of future CO2
The Oil and Gas Authority (OGA)’s interventions during 2021 have helped the industry avoid producing 970,000 tonnes of future carbon dioxide equivalent – the same as taking 500,000 cars off the road for a year. The figures were published today in the authority’s annual report and accounts which also include: – a decrease of 10% in CO2 emissions from offshore installations and […]