‘Disappointing’ lack of wells risks early North Sea decline, warns NSTA
Assets are at risk of being shut down early, says the regulator, as the number of wells drilled drops.
E&P
Big oil eyes South Korean offshore wind
News that South Korea aims to build the world’s largest offshore wind farm by 2030 follows moves by major exploration and production companies to establish a foothold in the nascent market.
A bright future for the Guyana economy post-Covid
ABIS Energy is passionate about Guyana. We have been engaged with the Guyana economy for the past 4 years and foresee a bright future.
Global E&P revenues to fall by $1 trillion in 2020, Rystad says
The devastating effect of the Covid-19 pandemic on global oil and gas exploration and production (E&P) companies is better understood by looking at the industry’s expected total annual revenues for 2020.
Lloyd’s Register in new JV to deliver services to Ghana’s growing oil and gas sector
Lloyd's Register has joined forces to deliver professional services to the oil and gas sector in the Republic of Ghana.
North Sea oil and gas industry finally ‘coming up for air’
The North Sea is finally "coming up for air" after a tough two years, according to a leading industry expert.
E&P firm VNG awards FEED contracts to Subsea 7, Technip FMC, and Aker Solutions
Gas exploration and production (E&P) firm VNG has awarded Front End Engineering and Design (FEED) contracts to Subsea 7, Technip FMC, and Aker Solutions
Trinity agrees further extension on $13m debt
Independent exploration and production company Trinity has agreed a further extension to the moratorium on principal repayments related to its outstanding debt.
Trinity E&P director resigns
A director of Trinity Exploration & Production has stepped down just a week after the company revealed its chief executive would leave his post. The company said Charles Anthony Brash would be stepping down as a non-executive director immediately.
PwC says UK oil and gas firms have £20billion investment reservoir to exploit
UK Oil & Gas firms can access a £20bn cash reservoir by tightening up working capital according to financial services giant PwC.
Greka Drilling records first half loss but says activity is picking up
Shale gas focused Greka Drilling has reported a pretax loss in the first half of 2015, but said its key markets in China and India were planning new drilling campaigns in the near future.
Centrica Energy retains focus on North Sea despite job cuts
Centrica Energy's boss spelled out the reasons behind the oil and gas giant's decision to scale back its upstream operation.