LNG

June 17 (LNGJ) - Subsea7 S.A., the oil and gas services company listed on the Oslo exchange in Norway, was awarded of a sizeable contract by Dana Petroleum for the Bittern natural gas and oil field located 190 kilometres (118 miles) east of Aberdeen in the UK Central North Sea and at a water depth of 90 metres.

   The contract scope includes project management, engineering, procurement, construction and installation of a 22km, 12-inch water injection pipeline. Subsea7’s scope also includes associated subsea structures and tie-ins to the Triton Floating Production Storage and Offloading (FPSO) vessel. Natural gas from the Bittern field is brought ashore via the Shell-Esso Gas and Liquids (SEGAL) gas line.

The North Sea Transition Authority (NSTA), the UK regulator seeking more oil and gas exploration and production in British territorial waters that will affect future import needs for pipeline gas, LNG and oil has offered a total of 24 licences in the second tranche of the 33rd oil and gas licensing round.

Nov 6 (LNGJ) - UK major BP said production had successfully started from the Seagull oil and natural gas field in the UK North Sea, boosting energy security and underpinning continued production from an offshore facility that’s been operating for 25 years while supplying more oil to Scotland and natural gas to England.

   The Seagull field has been developed by Neptune Energy, now being acquired by Italy’s Eni, as a subsea tieback to the BP-operated central processing facility of the Eastern Trough Area Project in the central North Sea, around 140 miles (225km) east of Aberdeen. “Oil from Seagull is exported through the Forties Pipeline System to Grangemouth in central Scotland and natural gas to Teesside via the Central Area Transmission System,” said BP. The new field is expected to produce around 50,000 barrels of oil equivalent gross per day at peak production.

The UK North Sea Transition Authority (NSTA) has given the go-ahead for the development of the North Sea Rosebank oil and gas field by Norway’s Equinor and London-listed Ithaca Energy with sizeable contracts for US engineering company TechnipFMC and several European energy contractors.

The United Kingdom, one of Europe’s largest liquefied natural gas importers and with new natural gas projects planned for the North Sea, is set to roll back and delay Net Zero emissions policies with Prime Minister Rishi Sunak declaring that Britain’s new response to the climate change dilemma has to be a “proportionate” one rather than being imposed on ordinary people by an elite minority, personified by Sunak himself who is a former investment banker with a vacation home in Santa Monica, California.

Production companies seeking efficient and cost-effective methods of increasing their output are forecast to increase spending by almost 20 percent in 2023 to total $58 billion for additional oil and natural gas resources to satisfy global demand for energy such as LNG and pipeline gas and for necessary activities like petroleum refining and chemicals production to make products such as pharmaceuticals.

The decline of the UK oil and gas industry with the country being a net importer of oil and natural gas by gas pipelines and as LNG after being a net exporter for over 25 years has been further illustrated by Japan’s Mitsui now taking over UK energy pipeline services and technology specialist STATS.

Italian energy company Eni has explained the strategy behind its agreed acquisition for $4.9 billion of UK-based Neptune Energy, which is controlled by equity funds and owns key global LNG stakes and gas field assets in Algeria, Indonesia, Norway, the UK, the Netherlands and Australia.

Energy ministers of the Group of Seven industrial nations met in the Japanese city of Sapporo on April 15-16 under the revolving chairmanship with Japan as host and issued a hodge-podge statement of aims including one pledging to back new natural gas projects but reduce fossil fuel needs over time.

The UK Government’s North Sea Transition Authority (NSTA) said there was wave of new opportunities for the UK’s world-class offshore energy supply chain to create oil and gas projects on the UK Continental Shelf, which will have an impact on LNG supply needs from 2025 and beyond.