Shell more than halfway through seismic work on North Sea prospect
Shell is more than halfway through seismic survey work on a newly-acquired North Sea prospect.
oil and gas
Equinor reaches first oil from Mariner after £6.4bn investment
Equinor has hailed a major milestone for the North Sea oil and gas industry with first production from its giant Mariner field.
Mariner is ‘natural fit’ for Equinor despite climate challenge
The Mariner field is a “natural fit” for Equinor’s portfolio, despite growing pressure on the energy transition and climate change.
Milestone as Equinor hits first oil from huge Mariner project
Equinor has hailed a major milestone for the North Sea oil and gas industry with first production from its giant Mariner field.
Brexit and oil price dent profits at Burness Paull
Brexit and the delay in oil price recovery caused profits at Burness Paull to fall in the last 12 months.
Equinor given go ahead to start up Utgard on UK/Norway border
Equinor has been given the go-ahead to begin production from its Utgard field next month.
Bilfinger praises ‘strong demand’ for offshore business
German industrial services giant Bilfinger saw “strong demand” for its offshore services in the UK and Norway in the first half of the year.
Saudi Aramco regaining grip on world’s fastest-growing oil market
Saudi Aramco’s proposed purchase of part of India’s Reliance Industries Ltd. will allow it to regain its grip on the world’s fastest-growing oil market where suppliers including the U.S. and Russia are making inroads.
Awilco Drilling posts loss as rig remains unused for nearly four years
Awilco Drilling has reported a set of losses as one of its two rigs has remained unused for nearly four years running.
Exxon considering sale of UK North Sea assets – report
ExxonMobil is considering a sale of its North Sea assets as it focusses on US shale production, according to a news report.
OGIC and Aberdeen University team up on £1.3million of new drilling technologies
The Oil and Gas Innnovation Centre (OGIC) has joined forces with Aberdeen University to develop £1.3million of new offshore drilling technologies.
Shell completes farm-in to Cluff North Sea licence
Shell has completed a 50% farm in to a North Sea licence held by Cluff Natural Resources (CLNR).
Premier Oil kicks off Tolmount East appraisal drilling
Premier Oil has started drilling an appraisal well at its Tolmount East discovery in the Southern North Sea.
Opex Group wins multi-million pound North Sea contract with Cnooc
Aberdeen-headquartered Operational Excellence (Opex) Group has won a multimillion pound contract with Cnooc International on its North Sea assets.
Aramco remains world’s most profitable company even as oil falls
Saudi Aramco showed Monday it’s still the world’s most profitable company -- and paid out almost all its net income in dividends -- despite the dwindling price of oil.
Sir Ian Wood to receive prestigious Carnegie Medal for philanthropy
One of the north-east’s most renowned business figures has gained international recognition for his philanthropy.
OGA completes ‘key priority’ of Wood Review with mapping project
The Oil and Gas Authority (OGA) has completed a “key priority” of the review which led to its creation in 2015.
Carbon capture ‘10 times cheaper’ than decommissioning oil platforms
Using old North Sea platforms to store carbon emissions underground would be “10 times cheaper” than decommissioning them, according to a new study.
Babcock hits back at Sikorsky in £53m legal battle over North Sea helicopters
UK operator Babcock has hit back at manufacturer Sikorsky amid legal claims it reneged on a £53million deal for two North Sea helicopters.
Pilots approach wrong North Sea platform due to ‘decoy characteristics’
Pilots nearly landed a helicopter on the wrong North Sea platform because they look similar, according to air accident investigators.
Taqa hails strong UK performance in first half of 2019
Taqa’s European boss said robust production at its UK assets underpinned a strong first half of the year.
Most North Sea wells due to spud since 2010
Westwood Global Energy Group reports that as of June 30, one exploration well and three appraisal wells were in progress in the UK. Three wells were spudded and one well was completed in July.
Oil industry ‘missing the boat’ by overlooking military service leavers
The oil and gas industry is “missing the boat” by overlooking military service leavers at a time when alarm bells about skills shortages are ringing loudly, a former army officer has said.
North Sea tackling billion-dollar asset integrity challenge
In 2017, the North Sea lost out on 14.7 million barrels of oil due to asset integrity issues. That equates to roughly $926m at today’s oil price.
Six exploration wells active at end of July
Westwood Global Energy reports that there were six active exploration wells and one active appraisal well at the end of July. Since the last report, five exploration wells have spudded and six E&A wells have completed on the Norwegian Continental Shelf.