Tag: North Sea

• Wednesday, November 26th 2025 - 09:15 UTC

  UK Labour has plans to relax restrictions on oil and gas drilling in the North Sea

  

  London media reports indicate that the UK Labour Government has Plans to relax restrictions on new oil and gas drilling in the North Sea, the proposition should be announced this Wednesday under the government's North Sea Strategy.

• Thursday, May 29th 2025 - 10:11 UTC

  Trump tells UK to get rid of unsightly windmills and open North Sea to modern drilling

  

  President Donald Trump on Truth Social has strongly criticized UK’s energy policy of pursuing renewables and further taxing North Sea oil and gas operators. In a piece published in OilPrice he suggests getting rid of “costly and unsightly windmills”.

• Thursday, September 28th 2023 - 08:37 UTC

  UK implements a U-turn in climate policy and opens largest oilfields in North Sea to exploration and production

  

  The United Kingdom approved the exploration and exploitation of oil and gas in its largest undeveloped field, the North Sea Transition Authority, the responsible regulatory body said on Wednesday.

• Tuesday, August 1st 2023 - 12:10 UTC

  UK launches ambitious North Sea oil and gas development licensing to ensure energy security

  

  The United Kingdom is to grant hundreds of new licenses to seek and drill for gas and oil in the North Sea as it tries to bolster its energy security, the government said on Monday.

• Tuesday, January 11th 2022 - 13:41 UTC

  North Sea Oil Operators Set For Near Record Cash Flows

  

  By Tsvetana Paraskova for Oilprice.com – UK North Sea operators will see near-record cash margins and profits this year as they will look to extend field lives amid high oil and gas prices in a “now or never” regulatory environment, energy consultancy Wood Mackenzie says.

• Thursday, March 25th 2021 - 17:55 UTC

  UK: Green energy transition backed by the historical North Sea deal

  

  The United Kingdom becomes the first G7 country to agree a landmark deal to support the oil and gas industry’s transition to clean, green energy. The UK government announced on Wednesday a landmark North Sea Transition Deal is agreed with industry and high-skilled oil and gas workers will not be left behind in the transition to a low carbon future.

• Wednesday, January 13th 2021 - 09:33 UTC

  Premier Oil becomes Harbor Energy; merges with Chrysaor to make North Sea's largest oil and gas producer

  

  Premier Oil announced on Tuesday that shareholders voted in favor of a reverse takeover of private equity-backed Chrysaor to create the British North Sea’s biggest oil and gas producer in which Premier shareholders will hold about 5.5%.

• Friday, April 19th 2019 - 09:27 UTC

  ConocoPhillips pulling out of the North Sea oil exploration and production

  

  ConocoPhillips is pulling out of UK exploration and production after selling its North Sea oil and gas assets to Chrysaor for US$ 2.68bn (£2bn). The sale will boost Chrysaor's production by about 72,000 barrels a day to 177,000 - making it one of the UK's biggest operators.

• Monday, January 14th 2019 - 06:40 UTC

  Premier record oil production helps significant cuts in its debts

  

  Premier Oil has taken advantage of its second consecutive year of record oil production to make larger than expected cuts into its still-significant debts. The London-listed oil and gas developer, with interests in the Falkland Islands, expects its financial results to reveal end-of-year debts of US$2.3 billion, after removing US$390 million from the total following a sharp rise in oil output.

• Thursday, August 23rd 2018 - 08:33 UTC

  First container vessel attempting the melting Arctic sea route north of Russia

  

  Danish vessel setting sail from Vladivostok this week is set to become the first container ship to tackle the Arctic sea route north of Russia. The Venta Maersk, owned by Maersk Line, and carrying 3,600 containers, hopes to reach St Petersburg by late September. That could be up to 14 days faster than the southern route via the Suez Canal.