‘Plenty’ of demand for new oil discoveries likely in 2026, says Westwood Global
Oil and gas firms can expect “plenty of potential demand” for production from future discoveries made towards the end of the decade.
oil discoveries
Oil find “not as big as hoped”
One of the biggest oil discoveries in the North Sea in years may not be quite as big as hoped, Sweden’s Lundin Petroleum said yesterday.
Lundin could cut south Avaldsnes estimates
Lundin Petroleum Norway said today its resource estimates on the southern part of the large Avaldsnes discovery would most likely be cut following an appraisal well.
Sterling starts offshore Netherlands operations
Aberdeen oil and gas firm Sterling Resources is eyeing its first development offshore the Netherlands after spudding its first well in the area.
Placing raises £30.35m for oil explorer
NAUTICAL Petroleum, the Aim-listed heavy-oil explorer, said yesterday it had raised £30.35million in a share placing to help fund its planned activity until the end of 2011.
2008 pretty good despite price seesaw
During a record year in which the oil price averaged around $100 a barrel overall, the UK sector saw the highest level of exploration and appraisal drilling for a decade.
Rocksource to survey Cyclops
ROCKSOURCE is to carry out a controlled source electromagnetic (CSEM) survey over the Cyclops prospect straddling blocks 17/6 and 17/9 in the Norwegian sector of the North Sea.Cyclops is located just north of the Bream and Brisling oil discoveries and is part of the same Middle Jurassic play. The prospect is estimated to contain 100million barrels of recoverable oil.