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One of the biggest acquisitions in the European oil and gas sector in recent years, the UK’s tax and regulatory policies, and the consequences of those policies for North Sea operators were the highlights of the UK North Sea oil and gas industry in the past month.
Hartshead has continued to progress the Phase I development of the Anning and Somerville gas fields with the award of Platform and Subsea Front-End Engineering Design (FEED) contracts to Petrofac, and has completed the initial phase of a partial divestment process with interest from a number of potential industry partners.
UK North Sea-focused Hartshead Resources has awarded Petrofac two contracts in respect of the platforms FEED contract for…