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Hendry launches 27th UK Round
 Britain's Department of Energy and Climate Change has launched the UK's 27th Offshore Licensing Round offering up to 2,800 blocks for new exploration.
Energy Minister Charles Hendry says the new round - following on from the 26th Round in 2010 which saw 190 new offshore licences issued and the highest number since offshore licensing was launched back in 1964 – is offering 2,800 blocks.
“This is shaping up to be a very prosperous year for the North Sea as we expect a substantial increase in field approvals,” the Minister declared. “With around 20 billion barrels of oil still to be extracted, the UK Continental Shelf has many years of productivity left.”
Applications for the new round close in May this year.
On offer is acreage across the whole of the UKCS including the Northern, Central and Southern North Sea, the English Channel, the South-west Approaches, Morecambe Bay, and the region west of the Hebrides Islands.Advertisement
 Estimated reserves in the UK North Sea Fyne field have been cut down 36% by former operator Antrim Energy and further doubt has been cast over the future development of the discovery. [Les mer ] • Field development
 Tullow Oil has revealed that a new well on the Ketch field in the UK Southern North Sea has come in successfully and is to be brought onstream. [Les mer ] • Field development
 Norwegian industrial group Aker ASA says it value rose 16% in the first quarter to NOK 22.5 billion (US $3.74 bn) as its investments – mainly in oil and gas operations - rose in value. [Les mer ] • Company news
 Middle East-based rig and fabrication group Lamprell has warned of a tightening in the international supply chain for rig components which has hit its construction schedules and costs. [Les mer ] • Company news
 Bond Offshore is to resume flying with its fleet of Eurocopter Super Puma helicopters after its own investigation of a gearbox fault which caused a North Sea crew change flight to ditch into the sea. [Les mer ] • HSE
 Dutch based Dockwise has launched a mandatory but hostile takeover offer for shares in rival Fairstar Heavy Transport which it does not already own. [Les mer ] • Company news
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Aker group grows value Norwegian industrial group Aker ASA says it value rose 16% in the first quarter to NOK 22.5 billion (US $3.74 bn) as its investments – mainly in oil and gas operations rose in value.
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