2324 results found for 'Shetland Islands'

2324 results found for 'Shetland Islands'
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  • EnQuest trims Kraken costs

    19 February 2018
    Project & Tenders

    UK-based oil company EnQuest has further reduced capital expenditure for its Kraken project in the North Sea and is now expected to be more than 25% lower than originally sanctioned cost of $3.2 billion. 

  • UK: BP, Partners Approve Major Re-Development of Schiehallion and Loyal Oil Fields

    13 July 2011
    Business & Finance

    On behalf of its co-venturers BP announced an agreement to progress a major re-development of the Schiehallion and Loyal oil fields to the west of the Shetland Islands. Schiehallion and Loyal have produced nearly 400 million barrels of oil since production started in 1998 and an estimated 450 million barrels of resource is still available. […]

  • UK: BP Partners Approve Major Re-Development of Schiehallion and Loyal Oil Fields

    13 July 2011
    Business & Finance

    On behalf of its co-venturers BP announced an agreement to progress a major re-development of the Schiehallion and Loyal oil fields to the west of the Shetland Islands. Schiehallion and Loyal have produced nearly 400 million barrels of oil since production started in 1998 and an estimated 450 million barrels of resource is still available. […]

  • Banks support Siccar Point with extended debt facility ahead of ‘exciting’ 2019

    13 December 2018

    Siccar Point Energy, a North Sea-focused oil and gas player, has signed an agreement with its existing syndicate of banks to increase and extend its existing Reserves Based Lending facility limit

  • British conglomerate swoops up TotalEnergies’ West of Shetland gas assets bundle

    27 June 2024
    Business & Finance, Business Developments & Projects

    TotalEnergies has decided to put several gas fields and associated infrastructure up for sale to optimize its portfolio and direct its attention to its core business.

  • ABB to Power Dana Petroleum’s FPSO

    27 June 2013
    Business & Finance, Equipment, Project & Tenders

    ABB, the leading power and automation technology group, has been awarded an oil and gas contract worth $20 million for providing power and automation technologies to a floating production, storage and offloading vessel (FPSO) built by the Chinese shipyard COSCO Nantong for Dana Petroleum. The contract was signed in the second quarter of 2013. ABB’s […]

  • ABB to Power Dana Petroleum’s FPSO

    27 June 2013
    Business & Finance, Equipment

    ABB, the leading power and automation technology group, has been awarded an oil and gas contract worth $20 million for providing power and automation technologies to a floating production, storage and offloading vessel (FPSO) built by the Chinese shipyard COSCO Nantong for Dana Petroleum. The contract was signed in the second quarter of 2013. ABB’s […]

  • Ofgem to Host Consultations on Shetland Subsea Power Link

    9 August 2017
    Business & Finance, Equipment, Operations & Maintenance

    Ofgem, regulator of the UK energy industry, is hosting consultations this month in Shetland to gather the public’s views on plans to service the isles’ energy needs through a subsea cable from the Scottish mainland. Lerwick Power station is reaching the end of its operating life. Ofgem, regulator of the energy industry, asked SSEN, operating […]

  • DECC Approves EnQuest’s £4 Billion Kraken Development (UK)

    15 November 2013

    EnQuest PLC has given its go-ahead for a £4 billion investment in the c.140 million barrel oil field Kraken development. According to EnQuest, the investment is set to generate billions of revenue for taxpayers and to support an estimated 20,000 jobs during the project’s construction period and an average of approximately 1,000 operational jobs a year […]

  • Equinor keeping ‘Safe Boreas’ at Mariner at least till October 2018

    19 July 2018
    Exploration & Production

    Norwegian oil firm Equinor has exercised an option to extend a contract for a Prosafe offshore accommodation unit.

  • Equinor extends ‘Safe Boreas’ stay at Mariner

    10 April 2019
    Business & Finance, Exploration & Production

    Prosafe-owned flotel Safe Boreas has been awarded a contract extension from Norway’s Equinor for operations at the Mariner field located in the UK sector of the North Sea.

  • TAQA gains approval for decommissioning plans for North Sea topsides

    23 November 2020
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Operations & Maintenance, Regulation & Policy, Rules & Regulation, Safety

    TAQA Bratani has received approval for its drafts decommissioning programs for the Tern and North Cormorant platform topsides, located in the UK North Sea.

  • Drydocks World wins award for Solan tank construction

    12 November 2014
    Business & Finance, Equipment

    Drydocks World and Maritime World, the international providers of maritime and offshore services to the shipping, oil, gas, and energy sectors have been awarded the Best Oil & Gas Project Award for outstanding Project Excellence on the Solan Project in the UK North Sea. The gala event was held on the 30th anniversary of Abu […]

  • Harkand wins major North Sea contract with CNRI

    11 March 2014
    Business & Finance

    An international subsea inspection, repair and maintenance (IRM) group Harkand is to position a second dive support vessel in the burgeoning North Sea sector after securing a major contract with CNR International (CNRI). The contract will see Harkand deliver jacket life extension works, IRM scopes and inspection services in the second quarter of 2014 for […]

  • Fairfield submits decom plan for Dunlin subsea infrastructure

    23 June 2017
    Project & Tenders

    Fairfield Energy, a late-life asset and decommissioning operator, has submitted its draft decommissioning programs for the Dunlin, Merlin and Osprey field subsea installations and pipelines, in the UK sector of the North Sea, to the UK authorities.  This is a second company to submit a draft decommissioning plan to the UK’s Department for Business, Energy […]

  • Siccar Point delays sanction date for Cambo project due to coronavirus

    30 March 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Infrastructure, Project & Tenders

    Siccar Point Energy has decided to defer its planned sanction date for the Cambo project, located West of Shetland, to 2021 in light of the unprecedented worldwide macroeconomic dislocation resulting from Covid-19.

  • Hurricane completes horizontal sidetrack well test on Lancaster

    27 October 2016
    Project & Tenders

    UK-based oil and gas exploration company Hurricane Energy has completed testing operations on the 205 21a-7Z horizontal sidetrack well at its Lancaster field west of Shetland Islands. Hurricane said on Thursday that the company has proceeded to suspend the well as a future producer, providing a second production well ahead of the Early Production System […]

  • Fraser Well Management takes over operation of suspended offshore well

    7 October 2020
    Business Developments & Projects, Project & Tenders

    Independent oil and gas development and production firm Bridge Petroleum has appointed well engineering and project management specialist Fraser Well Management (FWM) to operate the suspended appraisal well in the Galapagos field in the Northern North Sea.

  • UK: Development of EU Ocean Energy in Need of Greater Investment

    28 March 2012
    Business & Finance, Operations & Maintenance, Research & Development

    Despite of the fast development of EU wave and tidal power technology due to the shortage of governmental financial support and that of big investors, considerable time will have to pass before this sector becomes a reliable source of energy, Euractiv informs. According to renewables manager at UK consultancy Douglas Westwood, Frank Wright: “The big […]

  • CNRI Hires Harkand Da Vinci Vessel in North Sea

    11 March 2014
    Business & Finance, Project & Tenders

    Fast-Growing international subsea inspection, repair and maintenance (IRM) group Harkand is to position a second dive support vessel in the burgeoning North Sea sector after securing a major contract with CNR International (CNRI). The contract will see Harkand deliver jacket life extension works, IRM scopes and inspection services in the second quarter of 2014 for […]

  • Shell’s field disappears from horizon with heaviest offshore lift ever performed

    12 July 2024
    Business & Finance, Business Developments & Projects, Infrastructure, Project & Tenders

    Allseas has completed the removal of the fourth and final platform from Shell’s Brent field in the UK’s North Sea as part of a decommissioning project that took over a decade to conclude. The Brent oil and gas field, located northeast of the Shetland Islands, was one of the largest fields in the North Sea […]

  • Siccar Point delays sanction date for Cambo project due to coronavirus

    30 March 2020
    Project & Tenders

    Siccar Point Energy has decided to defer its planned sanction date for the Cambo project, located West of Shetland, to 2021 in light of the unprecedented worldwide macroeconomic dislocation resulting from Covid-19.

  • What is the meaning of licence extension for controversial Cambo project in UK?

    31 March 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders, Rules & Regulation, Transition

    Partners in the Cambo project, Shell and Siccar Point Energy, have received a licence extension for the controversial field development.

  • Faroe Petroleum Acquires Interest in Foinaven Field (UK)

    21 September 2012
    Business & Finance

    Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that it has agreed to acquire a 10% non-operated interest in the East Foinaven Field and a 0.5% interest in the West of Shetland Pipeline System (the “Interests”) from […]

  • Shell hands out Penguins award to Subsea 7

    11 June 2018
    Business & Finance, Infrastructure

    Subsea 7 has been awarded a contract by Shell for the Penguins redevelopment project, located approximately 150 miles north-east of the Shetland Islands.