High oil prices putting pressure on traditional oil firms
Professional services firm Ernst &Young (E&Y) has said high oil prices are continuing to put pressure on some of the world’s largest oil and gas firms.
major oil companies
CNS seismic shoot starts
CGG has started a new highly pre-funded 3D seismic multi-client campaign in the Central North Sea, otherwise known as the Cornerstone program and utilising its BroadSeis technology.
Greenpeace out to block Arctic resources exploitation
Environmental pressure group Greenpeace has launched a worldwide campaign to have the Arctic declared a sanctuary.
Adil boss outlines growth plans
Despite being warned he "must be stupid" to start his own business, James Paton had faith in what Adil could achieve.
The longer term future of the UKCS
THE announcement by BP that investment of £10billion is to be made on four major oil and gas developments in the UKCS is obviously welcome news for all stakeholders.
Geoprober’s new well system could cut costs
AN ABERDEEN drilling firm said yesterday it had developed technology which could cut the cost of deepwater exploration.
The future of oil&gas in the UK
A decade ago, oil&gas production in the UK stood at 4.5million barrels oil equivalent per day. Last year, that figure was 2.5mmboed. The UK Continental Shelf (UKCS) is in decline, but the UK oil&gas industry is most certainly not.
Faroe starts drilling Norwegian prospect
Faroe Petroleum, of Aberdeen, said yesterday that drilling had begun on the Fogelberg prospect in Norwegian waters.
Hydrocarbons hunt heating up
With a large gas field just located offshore Ghana by GNPC, with Vitol, and a promising oil discovery made offshore Sierra Leone by Anadarko with Tullow Oil, Woodside and Repsol in tow, excitement is growing that a major new boom is about to burst offshore West Africa.
Key role for service firms in UK E&P, says consultant
UK energy industry consultant Hannon Westwood said yesterday that the oil and gas service sector could take a leading role to access the benefit of the estimated 23billion barrels of oil equivalent remaining in the UK North Sea.
Mexican leader heading north to bolster oil ties
The president of Mexico will visit Aberdeen today to strengthen links between the oil-rich Latin American country and the north-east.
Training event focuses on energy industry
A TRAINING event focusing on the energy industry will be held in Aberdeen next month.
Moody’s downgrades view of oilfield service sector
Rating agency Moody's said yesterday it had changed its outlook for the global oilfield service sector to "negative" from "stable".