Supply-chain exports up 280%
Overseas sales by Scottish oil and gas industry supply-chain firms have risen more than 280% in 10 years, a major conference on the sector will be told today.
WilHunter repaired but not yet operational
Drilling rig firm Awilco said yesterday that repair work had been completed on its rig the WilHunter, but that it had not been able to restart drilling.
Nexen to drill in North Sea
Nexen said yesterday it had an exploration programme planned for 2012 in the UK North Sea.
Xcite gets Bentley wheels in motion
Aberdeen-based oil explorer Xcite said today it was hoping to float out the rig to be used to drill its North Sea Bentley field as soon as it gets good weather after Monday.
Talisman North Sea production falls short
Oil and gas independent Talisman Energy said today its North Sea production fell short of expectations last year.
North Sea output to fall again
North Sea crude oil output from has been predicted to fall in March for a third month this year due to maintenance work and natural declines.
Evolutionary move for Taqa and Fairfield
North Sea independent Fairfield Energy has signed-up Taqa Bratani to help it develop what has been described as one of the biggest recent developments in the North Sea.
ExxonMobil to drill west of Ireland
ExxonMobil plans to drill an exploration well on the Dunquin prospect offshore the west coast of Ireland in the second quarter of next year, it was revealed today.
Kalvklumpen disappoints
Operator Det Norske's exploration well on the Kalvklumpen prospect is to be abandoned after finding "good quality" reservoir rocks, but no oil or gas.
Total set to be North Sea’s second largest producer
Total will become the second largest producer in the UK North Sea, overtaking Shell as it ramps up major projects over the next two years, its UK boss said yesterday.
Operator to spend £15billion this year
Oil major Total said yesterday it was increasing its global capital spending to £15billion in 2012, up from £12.9billion last year.
Busy year in North Sea for Agora
Norwegian exploration firm Agora Oil and Gas said today it would be taking part in nine wells on the UK and Norwegian continental shelves in 2012.
Dong readies for deepwater drilling
Denmark's Dong Energy is planning to drill a deepwater well north-west of Shetland in September this year.
Centrica ups stake in Fogelberg
Centrica's Norwegian upstream business is to up its stake in its Fogelberg discovery after agreeing a £44million deal with oil firm North Energy.
BG Group targets 1.4m barrels a day
BG Group said yesterday it was targeting 1.4million barrels of oil equivalent per day (boepd) globally by 2020 and the North Sea would help boost output in the short term.
Subsea 2012 swelled by record crowds
Excitement around the booming subsea industry saw record crowds flock to this year's Subsea 2012 conference and exhibition, held in Aberdeen yesterday and Wednesday.
EEEGR innovation awards finalists revealed
Eight innovative ideas from a tidal-energy device to an offshore access system have made it through to the finals of an energy business awards in the east of England
Awards honour industry’s best
Outstanding subsea firms and workers were recognised at an industry award dinner in Aberdeen last night.
North Sea ‘still a tax target’
An oil and gas industry analyst yesterday said the industry could still be a taxation target for the chancellor.
EPC Offshore geared up for major growth
Aberdeen project-management firm EPC Offshore said yesterday it hoped to grow significantly in 2012 after launching new services.
Trend of ‘social dumping’ eroding work opportunities
Trade unions representing North Sea offshore workers vowed yesterday to tackle what they said could be a catastrophic trend in the use of low-cost labour.
European offshore rig count down
European offshore rig counts fell in January to 37, compared to 54 in the same month last year and 42 in December, according to Baker Hughes' monthly data.
Market comment: Earnings better than rival Shell’s for first time in a year
BP narrowly exceeded earnings expectations in the fourth quarter of 2011, with a 14% rise in adjusted net profits to £4.8billion, compared with £3.5billion for the corresponding three months in 2010.
Subsea boom to stretch resources
Subsea firms in the north-east are going to face increasing competition for staff and rising costs as work ramps up in the North Sea, a major conference on the sector will hear this morning.
Energy giant ‘on right path’
BP is on the right path, chief executive Bob Dudley said yesterday when he announced the global oil giant's annual results.