A total of 76 companies submitted an aggregate 115 bids across 258 blocks and part-blocks in the UK’s 33rd offshore oil and gas licensing round, said the North Sea Transition Authority (NSTA). PRODUCTION Offered acreage across the North Sea includes four priority areas, which have known oil and gas, in which there was “very keen […]
Tag: North Sea Transition Authority – NSTA
Neptune to use offshore wind for North Sea assets
Neptune Energy hopes to extend the life of its producing fields by powering new integrated energy hubs in the UK North Sea with offshore wind-generated electricity. INTEGRATED ENERGY HUBS The company today signed a memorandum of understanding with Ørsted and Goal7 to examine the potential of supplying renewable electricity from Ørsted’s Hornsea offshore windfarm projects […]
NSTA investigates flaring and venting without consent
The North Sea Transition Authority in investigating an oil and gas company for flaring and venting without consent in the North Sea. ENERGY WASTE Possible likely action by the regulator includes a fine or up to the relevant licence being taken away. “Monitoring flaring and venting and reducing emissions are vital parts of the NSTA’s […]
NSTA investigates suspected breach of licence condition
The North Sea Transition Authority (NSTA) is investigating an operator suspected of breaching one of its licence conditions. OBLIGATIONS The regulator will assess whether the licensee conducted a well test – intended to gauge whether or not the reservoir can produce oil or gas – without consent and failed to provide timely notification of the […]
NSTA appoints Stuart Payne as new CEO
The North Sea Transition Authority (NSTA) has appointed Stuart Payne as the new chief executive officer, effective 1 January 2023. CURRENT POSTS He will succeed outgoing CEO Dr Andy Samuel, who has held the post since NSTA’s creation as the Oil and Gas Authority in 2015. An experienced business leader and current NSTA supply chain, […]
UKOG receives NSTA approval for HH-2z well conversion
UK Oil & Gas plc (UKOG) said that the North Sea Transition Authority had approved the recompletion, or conversion, of Horse Hill-2z into a water reinjection well at the site in Surrey. INTERESTS The move follows approval from the Environment Agency on 4 May. The company holds an 85.635% operated interest in the Horse Hill oil […]