Newfield may sell Eagle Ford assets said valued at $500m
Newfield Exploration Co. has hired two investment banks to find buyers for its acreage in Texas’s Eagle Ford basin and other oil plays as it seeks to focus on Oklahoma’s Anadarko region.
Daily
Taqa’s global output down but Premier gets UK boost from Solan
North Sea producer Taqa said global oil and gas operations maintained “robust” levels of output during the first quarter despite significant cuts in capital expenditure.
“Chevron Cheryl” falls foul of environmentalists in US
A Los Angeles politician has been dubbed Chevron Cheryl by opponents after she accepted a $1million dollar campaign donation from oil major Chevron - to boost her environmental credentials.
Survey reveals ‘shocking’ rise in overspend by customers of Big Six energy firms
Customers of the Big Six energy companies are paying £4 billion more than they should be because they remain on the most expensive tariffs, a study claims.
Aberdeen harbour profits up by a fifth despite oil and gas downturn
The head of Aberdeen harbour said yesterday the decision to overlook the Nigg Bay expansion project for City Region Deal funding did not “make his day”, but was “not a complete surprise”. Aberdeen Harbour Board (AHB) had hoped to benefit from the £250million city deal, but will have to fund the project with its own profits and third party backing following the snub. Projected costs for Nigg Bay have shot up to £415million from £320million and AHB has previously said it will need to borrow up to £200million.
Glen Lyon plans shipshape
BP’s regional president for the North Sea, Mark Thomas, is confident the brand-new Glen Lyon production ship will be ready to be towed to the Schiehallion field west of Shetland at the end of the month.
Premier’s Catcher on target, Solan second well targeted for later this year
Premier Oil said its Catcher project remains on schedule and below budget with first oil expected next year as it posted better-than-expected results.
Bilfinger quarterly loss widens as two directors step down
Bilfinger SE’s quarterly loss widened as the embattled German engineering and real-estate services company faces a shareholders’ meeting later today and the loss of two directors.
Oil billions offer richest Scandinavians a negative-rate buffer
While the rest of Scandinavia turns into a laboratory for negative rate policies, the Norwegians are finding that billions of dollars in government support may spare them such extreme monetary experiments.
Opinion: Team, it’s a beautiful thing!
When we say the word ‘team’ we think of a tight-knit group of individuals working towards the same goal. We think of people wearing the same colours and we think of sport.
Big Oil unexpectedly backing newest non-fossil fuels
Big oil is dipping a few more toes into clean energy.
Statoil in climate change criticism from Norwegian grandparents’ pressure group
Norwegian operator Statoil expects to receive on critical environmental resolution on its oil and gas exploration at its AGM - from a pressure group set up by a group of grandparents against climate change.
Wildfire continues to hamper Canada’s oil sands production
The majority of Canada’s oil sands industry has stopped production and will only resume when it is “absolutely safe”, Alberta’s premier said after meeting company officials.
Highland windfarm to send electricity to Mars
Food giant Mars is buying electricity generated by a Highland windfarm to meet the energy requirements of all 12 of its UK production sites.
Crude oil transfer at Cromarty Firth sparks concern
Concern has been raised about the extent of consultation carried out for plans to transfer crude oil between boats in the Cromarty Firth.
Cluff says company on way to becoming major North Sea player
Oil pioneer Algy Cluff said yesterday his firm had taken another step on its way to becoming a major North Sea player after wrapping up a deal for stakes in “drill ready” licences.
Technip wins Woodside contract
Technip has won an engineering services contract by Woodside to provide services as part of an engineering panel with Woodside Petroleum.
North Sea helicopter crash: Funeral of Scottish victim to be held this week
The funeral of a north-east man who tragically died in a helicopter crash in Norway is to be held this week.
Sub $50: North Sea Power Solutions building a global business – from a chicken shed
There are not too many people who would turn their back on a highly paid contractor role with an oil and gas operator to launch a new business from a converted chicken shed.
Opinion: Nigerian militants having impact on oil shipments
Instability in the Niger Delta has resulted in significant amounts of shut-in production at onshore and shallow offshore fields, forcing companies to frequently declare force majeure on oil shipments.
Maersk to make job losses in Aberdeen, Norway and Denmark
Maersk Oil is set to make further job losses in Denmark, Norway and Scotland as it looks to reduce its costs.
Petrobras disposals unaffected by impeachment, field bidder says
Political turmoil in Brazil shouldn’t stop Petrobras from completing asset sales it has already opened up to bidders, according to one company vying for the state-controlled driller’s Bauna offshore field.
Nigeria oil union says Shell, Chevron workers evacuated
Oil producers are evacuating workers from the Niger Delta because of the deteriorating security situation in Nigeria’s most-important oil producing region, a union official said.
North Sea helicopter crash: CAA claims European watchdog needed to ground Super Puma flights
A petition to ground all Super Puma EC225 helicopters from use in North Sea offshore operations would need European-wide approval, according to the Civil Aviation Authority (CAA).
North Sea helicopter crash: Flight restrictions over crash site resume
Restrictions on air travel in the area over the site of a North Sea helicopter crash have been put in place once again as investigators continue looking for wreckage.