Ithaca Energy joins Eni's North Sea Business
Ithaca Energy announced on Thursday that it had completed a deal worth 754 million pounds ($993 millions) to purchase nearly all the UK oil and natural gas assets of Eni. This was a 100% share transaction, which created one of the largest independent energy companies operating in the North Sea. Luciano Vasques was the former Eni UK Managing Director and CEO of the combined company. This move is part Eni's'satellite strategy'…
PD&MS Group Wins $14m in Decommissioning Work
PD&MS Group secured a trio of contracts worth more than $14 million across three major North Sea late-life projects in the last six months. The latest award for the Aberdeen-headquartered company is a multimillion-pound contract from Spirit Energy to decommission the topsides on two of its unmanned Morecambe Bay gas field drilling platforms, located in the East Irish Sea. PD&MS is currently supporting similar decommissioning projects of North Sea installations for two major operators through offshore heavy lift contractor…
Centrica to Raise Morecambe Bay Gas Production
British utility Centrica will spend 60 million pounds ($77 million) to unlock an extra natural gas reserves from fields under the East Irish Sea, it said on Wednesday, helping to ease a potential shortage next winter. The project to produce the extra three billion cubic feet (bcf) will simplify the process to bring gas from offshore to the North Morecambe terminal and start later this month, Centrica said on Wednesday. It will last for nine months, with the rig campaign completed in February next year, a company spokesman said.
Sparrows Lands Crane Repair Work
Sparrows Group has been awarded a contract to fully refurbish two offshore cranes for Centrica in the East Irish Sea. The 27-year-old cranes are sited on the Morecambe field’s DP6 and DP8 platforms off the coast of Lancashire and Cumbria. Centrica announced it is set to invest up to £60 million to completely refurbish both platforms and boost overall production at Morecambe Bay. Crossing a range of engineering disciplines, the…
Serica Completes Farm Out to Centrica of East Irish Blocks
Serica Energy plc is pleased to confirm it has now completed the farm out of UK East Irish Sea Blocks 113/26b and 113/27c (Licence P.1482) with Centrica through its subsidiary Hydrocarbon Resources Limited. Under the agreement, HRL has acquired an operated 45% interest in the licence, with Serica retaining 20%,in consideration for HRL bearing Serica’s share of costs associated with the drilling of an exploration well, upto a gross cap of £11 million.
Centrica Buys Stake in Irish Sea Gas Field
A subsidiary of Britain's Centrica has completed a deal to buy a 45 percent stake in the Doyle gas prospect in the East Irish Sea from oil and gas explorer Serica Energy. As part of the agreement, Centrica's Hydrocarbon Resources Limited (HRL) will cover Serica's share of exploration costs of up to 11 million pounds. HRL has also gained a 15-percent interest and the operatorship of an adjacent block licence, Serica Energy said in a statement.
