Neptune Energy News
Neptune Energy and its joint venture partners BP and JAPEX announced the beginning of the subsea construction phase of the Seagull tie-back project. Seagull is a high-pressure, high-temperature (HPHT) development located in the Central North Sea on UK license P1622 Block 22/29C, 17km south of the BP-operated ETAP Central Processing Facility (CPF). Proved plus probable gross reserves are estimated at 50 million boe. Apache II pipelay vessel TechnipFMC has deployed the Apache II pipelay vessel...
Lumens was most recently Group Chief Financial Officer at Louis Dreyfus Company. Prior to that, he spent 20 years with Shell in various senior financial roles, among which he was a Chief Financial Officer of Shell Trading and Supply. According to the oil company, Neptune’s current CFO Peter Thomas will assist with the transition and remain involved with the future development and growth of the company. Neptune management team Sam Laidlaw, Executive Chairman of Neptune, said: “I&rs...
Rosenberg WorleyParsons won a contract for the construction and installation of a new Nova topside module on the Gjøa platform in the North Sea in May 2018 and the first steel was cut at its yard in Stavanger, Norway on Wednesday, November 14. Neptune said on Wednesday that the approximately 800-ton heavy module will in two years be lifted on board Neptune Energy’s Gjøa platform, enabling production from the nearby Nova field. This follows the approval by the Norwe...
Neptune Energy has been awarded four new licenses, three as operators, in the Awards in Predefined Areas (APA) 2023, announced by the Norwegian Ministry of Energy. The new licenses are all located close to existing infrastructure in the Gjøa area of the Norwegian North Sea, where Neptune already has a presence, reflecting the company’s exploration strategy to focus on key opportunities within core areas. Awarded licenses PL1213 S (40% and operator) in the Gjøa area PL12...
Sval, Storegga, and Neptune have formed a partnership to apply for a CO2 storage license in the Norwegian North Sea for the Trudvang project. The Trudvang license, located to the East of the Sleipner field, has the potential to store up to 225 mn tonnes of CO2 and comes after the Norwegian Ministry of Petroleum and Energy announced a new area in the North Sea for applications related to injection and storage of CO2. Assessment of the CCS value chain Truls Olsen-Skåre, Senior Vice Presid...
Horisont Energi and Neptune Energy have signed a Memorandum of Understanding (MoU) with the international energy major - E.ON with the aim to develop a European carbon capture and storage (CCS) value chain. The MoU covers several areas such as project financing, funding, and the development of a complete value chain for CO2 handling. If Horisont Energi´s and Neptune Energy´s application for CO2 storage for the Errai project is awarded, the intention is that this will be the fi...
Neptune Energy announced a £100,000 donation to Sheltersuit UK to help rough sleepers in winter. The donation will fund around 1,500 Shelterbags, which provide protection from the elements and support the salaries of two Sheltersuit employees who came to the UK as refugees. It’s the second year Neptune has provided financial support to Sheltersuit UK, which said it is facing unprecedented demand. Official figures have revealed a dramatic increase in the number of rough sleepers acro...
Neptune Energy has called on the UK Government to support regulatory changes to the country’s gas entry specifications to deliver domestic gas to households and businesses from 2023. In the longer term, revising the specification could unlock enough gas to heat more than 12 million UK homes for a whole year. Ministers are due to receive the Health and Safety Executive’s recommendations on changes to the Gas Safety (Management) Regulations 1996. five-year industry-wide consultation...
RWE and Neptune Energy announces that they have signed a Joint Development Agreement to develop the offshore green hydrogen demonstration project ‘H2opZee’ ahead of 2030. H2opZee is a demonstration project which aims at building 300 to 500 megawatts (MW) electrolyzer capacity far out in the Dutch North Sea, in order to produce green hydrogen by using offshore wind. The hydrogen will then be transported to land through an existing pipeline. Offshore energy transition The intention...
Neptune Energy has endorsed the World Bank’s Zero Routine Flaring by 2030 initiative, as further momentum grows behind emissions reduction efforts ahead of COP26. Launched in 2015 and led by the international finance group, the Zero Routine Flaring initiative brings together governments, companies, and development institutions to eliminate routine gas flaring in oil production no later than 2030. Emissions reduction targets According to the World Bank, endorsers of the scheme now accoun...
Neptune Energy announced drilling has commenced on the Dugong Tail exploration well in the Norwegian sector of the North Sea. The Dugong Tail is being drilled by the Deepsea Yantai, a semi-submersible rig, owned by CIMC and operated by Odfjell Drilling. It is located within the Neptune-operated Dugong Production Licence (882). Neptune's commitment Neptune Energy's Director of Exploration & Development in Norway, Steinar Meland, said: "Dugong Tail represents an important geophysical calibr...