Oil prices fall to their lowest level since April
Oil prices slid to their lowest levels since April yesterday amid signs that production cartel Opec was planning to keep supply levels steady.
Oil & Gas
Westminster urged to back North Sea sector
The UK North Sea sector needs support from Westminster to encourage fresh investment and achieve its full potential, a conference heard yesterday.
Oil service group had £33m of debts
Aberdeen oil service group C&M had debts of more than £33million when it went into administration, it emerged yesterday.
Chrysaor signs up to Spanish Point farm-out
Providence Resources has signed a staged farm-out agreement with Chrysaor, a privately owned UK development-led company, covering the Spanish Point discovery in the Porcupine Basin, west of Ireland.
Desire’s Arcadian dream pays out to tune of 85%
This was a very badly kept secret - at last Arcadia Petroleum has Falkland Islands government approval to farm into North Falklands Basin Tranches C and I.
MPD already drilling the un-drillable
IT DOESN'T take an oil minister to tell us that we need more oil and that it is "understood by Government at the highest level". Any teenager old enough to fill up the family car knows that. Consumers pay good money for petrol to make sure oil companies also know that. That has been the real incentive to tackle fields previously viewed as too old, too deep, too hot, and develop the technology to make it happen.
It can’t be done, says CBI chief Lambert
THE EU's greenhouse emissions and renewable energy targets are "unrealistic" and could damage European business, according to the head of the Confederation of British Industry (CBI).
Sustainability costs through the roof
A STUDY by the Royal Institute of Chartered Surveyors shows that the payback periods for energy technologies installed in the average home in England and Wales are lunatic.
High-efficiency supply chain is a must
Oil & Gas UK turns the spotlight towards the UK oil&gas supply chain in November with two major events specifically designed to help strengthen the long-term future of this hugely important part of the sector.
Russian Bear takes a swipe at Georgia
The continuation and evolution of "The Great Game", that oft-quoted 19th-century struggle for dominance between Imperial Britain and Czarist Russia, was among the topics discussed over coffee with Energy's editor, Jeremy Cresswell, on August 4.
Are you getting your fair share?
"I HAVE registered with FPAL but I still don't seem to be getting my fair share of orders. Why is that?" - this is a common complaint heard by FPAL purchasers from disgruntled suppliers.
Engineering consultancy at threshold of founder’s dream
Computational mechanics specialist Prospect is in an expansionist mood with the expectation that its workforce will grow from 40 today to 140 by 2010.
Greening North Sea infrastructure
The importance of meeting future world energy demands and, at the same time, reducing carbon footprint is moving further up the global agenda. And to meet these challenges will involve a great deal of creativity from both our industries and our wealth creators.
Fostering the art of communication
A year ago, OPITO launched its highly successful Go Explore campaign designed to raise awareness of the oil&gas industry among young people with the aim of driving them to the oilandgas4u.com website.
Georgia on our minds
I have been in Georgia several times this year, working on a feasibility study of transporting gas from the Caspian Sea countries - Azerbaijan, Kazakhstan and Turkmenistan - to European markets.
Master’s students show their mettle
An opportunity for industry it indeed was, and yet the turnout of oil&gas bosses to the first joint Energy Institute/Aberdeen and The Robert Gordon universities MSc projects seminar was dismal.
Industrial revolution behind unexpected ice-core results
COAL-BURNING, primarily in North America and Europe, contaminated the Arctic and potentially affected human health and ecosystems in and around Earth's polar regions a century ago, according to new research.
Fuel-cell ‘copters – whatever next?
German scientists say that, in future, it will be possible to use miniature, fuel-cell-powered robot helicopters to search for people trapped in damaged buildings, check out traffic or investigate contaminated terrain.
Maiden contract
Fugro Saltire enters Aberdeen to prepare for her maiden contract. This 111m ship, owned by E. Forland Shipowners and Fugro Rovtech, will provide offshore construction and subsea support. It is equipped with FCV 3000-class remotely operated vehicles
Chameleon’s-eye view of well bores proving a boon
Here at Energy we enjoy highlighting the development of new technologies, and it is always a struggle to create sufficient space for them.
Drugs, alcohol and oil&gas industry
As Aberdeen's leading occupational-health provider, Abermed carries out nearly 4,000 drug tests and more than 1,000 alcohol tests for various companies on an annual basis.
Joint venture
Odfjell Drilling of Norway and Metro Exploration (Th. Angellopoulos Group) have teamed up in a joint venture to own a pair of two ultra-deepwater drillships to be delivered from Hyundai Heavy Industries, South Korea, during Q1 and Q2 2011. The drillships are of Gusto design, and will be equipped for operations in water depths to 3,000m (10,000ft), but are designed to be upgraded for operations in waters as deep as 4,000m. Metro Exploration will retain 60% ownership in the vessels ordered earlier this year from HHI, and Odfjell Drilling will take a 40% stake and be responsible for the construction supervision, marketing and operation of the vessels.
Bounty find for Canadian Superior
CANADIAN Superior has notched up what it says is a significant gas discovery offshore Trinidad & Tobago with the drilling and production testing of its Bounty exploration well.
Iranians roll in barrels
NATIONAL Iranian has reported that four new oil&gas fields probed over the past two years have in-place reserves totalling 3.7billion barrels of oil and 52.97billion cu ft of gas.
StatoilHydro maps out NCS ambitions
NEW field projects and actions to increase oil&gas production are expected to add 600,000 barrels oil equivalent per day to StatoilHydro's production from the Norwegian Continental Shelf (NCS) by 2015, according to Hege Marie Norheim, the group's head of reserves and business development on the NCS.