News listings

energy-pedia general news

United Kingdom flagUnited Kingdom

Europe / Caspian / CIS >>> United Kingdom

UK: EthosEnergy secures multi-million dollar contract extension with Spirit Energy


08 Sep 2025

Photo - see caption

EthosEnergy, a leading independent service provider (ISP) in the energy sector, has secured a significant contract extension with Spirit Energy. This long-term agreement will see EthosEnergy continue to support Spirit Energy’s offshore assets in the East Irish Sea through to the end of their operational life.

The expanded agreement builds on an established partnership between the two companies, first initiated in 2018 and renewed three times since. This latest development reflects the strength of the relationship and the trusted reputation EthosEnergy has earned by delivering reliable engineering expertise, transparent communication, and consistently high standards of operational delivery.

Under the new five-year contract extension, EthosEnergy will continue to provide comprehensive support across a fleet of gas compression packages located on the North Morecambe Terminal and CPC offshore platform in the East Irish Sea. Services include embedded 24/7 offshore and onshore engineering teams, proactive obsolescence management, and life extension strategies that help maximise asset uptime while reducing overall cost.

The value of the contract is estimated to be in the seven-figure range, with projected savings for Spirit Energy in the six-figure range across the contract term.

Together with Spirit, EthosEnergy developed a joint strategy, drawing on operational experience, to achieve extended time between overhauls.

Luke Merson, Account Manager at EthosEnergy, said: 'We were asked a simple question: what savings can you bring us? Our answer was rooted in practical engineering. By refining maintenance intervals, managing obsolescence, and delivering these initiatives as a committed partner, we’ve demonstrated long-term value for our customer.'

Unlike traditional Original Equipment Manufacturers (OEM), EthosEnergy brings together multi-OEM capability, technical flexibility, and an ISP mindset, enabling them to tailor support to customer needs without compromising quality or safety. Their embedded team effectively operates as an extension of Spirit Energy’s organisation, managing complex equipment and ensuring availability while avoiding unnecessary capital expenditure.

James Edmondson, Commercial Director at EthosEnergy, said: 'This contract showcases our unique market position. We offer the technical robustness you’d expect from an OEM, paired with the agility and customer alignment of an ISP. Partnering with us doesn’t mean compromise - it means innovation, value and performance.'

The agreement was the result of the trusted relationship with Spirit Energy - one that grew from years of reliable performance and shared problem-solving.

'This win is a credit to our entire delivery team,' continued Merson. 'Many of them have supported this customer since 2018. It’s their professionalism and operational excellence that made this extension possible.'

As North Sea reserves decline, EthosEnergy sees this contract as both a reaffirmation of its capabilities and a signal to other operators of what’s possible when cost-efficiency, performance, and transparency come together to meet the evolving needs of a maturing basin.

Original announcement link

Source: EthosEnergy





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 195

Completed Deals

Completed Upstream Deals: 6640

Company Profiles

Current Company Profiles: 2933

Corporate Activity

Current Corporate Activity articles: 4197

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1674

Geostudies

Current Geostudies articles: 1003

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Merlin
Telos NRG
Syntillica
Union Jack Oil 149
energy365
Borchwix
OPC
Rose & Assocs
Bayphase
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com