TotalEnergies has announced the sale of its comprehensive interests in the West of Shetland assets in the United Kingdom to The Prax Group, marking a significant shift in its UK operational focus. The assets involved in the transaction include the Laggan, Tormore, Glenlivet, Edradour, and Glendronach fields, the onshore Shetland Gas Plant, and nearby exploration […]
Subsea7 has been awarded a substantial contract valued between $50 million and $150 million by Serica Energy for the development of the Belinda field, located southeast of the Triton FPSO in the UK Central North Sea. This pivotal project is set to commence with immediate effect, emphasizing Subsea7’s expertise in the EPCI (Engineering, Procurement, Construction, […]
North Sea oil and gas operators are set to invest up to £3 billion in 14 major emission reduction projects aimed at slashing lifetime CO2e emissions by up to 32 million tonnes, surpassing London’s estimated annual emissions in 2021. This significant investment, announced during the North Sea Transition Authority’s (NSTA) annual performance review, underscores the […]