North Sea
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The North Sea Transition Authority has updated its UKCS Well Applications and Consents Guidance to include the process for applying for consent to drill carbon-storage wells. -
Equinor, Aker BP, DNO Norge, and Vår Energi received the most licensing offers in APA 2025.
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Operators are turning to new gas-lift and nanoparticle-fluid technologies to drive up production rates.
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Preliminary estimates indicated recoverables of between 30 million and 110 million BOE at the discoveries, which Equinor called its largest of the year.
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The North Sea Transition Authority has published its first table identifying 13 operators that are behind schedule in decommissioning their inactive North Sea wells.
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Adura will become the UK North Sea’s largest independent producer by combining 12 key oil and gas assets, employing around 1,200 staff. It aims to produce more than 140,000 BOED in 2026.
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Plans call for license partner Aker BP to serve as operator during the development phase, with operatorship reverting to DNO after first oil in 2028.
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Regulators pull from experiences in the oil and gas industry to define best stewardship practices for the nascent CCS industry.
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Updates about global exploration and production activities and developments.
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The service company said the cancellation of a 2-GW offshore wind project in the Netherlands means its restructuring plan can no longer be delivered.
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