Shell to move ahead with ultra-deep Stones development
Shell said yesterday it had decided to go ahead with its two mile deep Stones field development in the Gulf of Mexico.
oil equivalent
Offshore leak on Cormorant Alpha contributes to Taqa’s 70% profit slump
Energy giant Taqa said yesterday an oil leak at its Cormorant Alpha platform in the North Sea had contributed to a 70% slump in profits.
Talisman ‘on track’ despite £137m loss
Talisman Energy said yesterday it was on track to meet its cash-flow targets for 2013 despite first-quarter losses of £137million.
US official looking at tax issues
Alaskan governor Sean Parnell visited firms in Aberdeen yesterday to learn how they were affected by changes to the North Sea tax regime.
Bond wins EnQuest flight contract
Bond Offshore Helicopters has won a multimillion-pound deal with EnQuest to support the oil firm’s North Sea operations.
Results hit by Elgin leak
French oil and gas group Total’s first-quarter turnover was down 6% to £40.6billion, although this was broadly in line with market expectations.
Plan for Cladhan approved
Energy group Taqa said the development plan for its Cladhan field in the North Sea had been approved by the UK Government.
Chevron’s earnings tumble 15%
Oil and gas company Chevron said yesterday its pre-tax profits fell 15% year-on-year to £6.6billion for the first quarter of 2013.
BP could delay major oil project
BP said yesterday it could delay a major oil project in the Gulf of Mexico because rising costs made it difficult to justify development.
Skarfjell reserves upgrade
Oil and gas explorer Cairn Energy said yesterday it was upgrading its reserve estimate for the Norwegian North Sea Skarfjell discovery to a range from 92-282million barrels of oil equivalent.
Parkmead mulling moves to expand North Sea empire
North Sea-focused oil firm Parkmead revealed yesterday that it was considering 12 potential acquisitions, including four companies.
Ithaca’s output jumps by 34%
Ithaca Energy increased output by 34% during 2012, the North Sea-focused oil and gas company said yesterday.
BG says Everest East production on stream
Oil and gas operator BG Group said yesterday it had started production from a UK North Sea field.
Production restarts at oilfields after a year offline
French energy giant Total said yesterday production at its troubled Elgin-Franklin fields had finally restarted after nearly a year shut off.
Elgin back at work a year after gas leak
Production on Total's Elgin platform is to resume in the next few days - a year after gas started pouring out of the installation.
Maersk has 2020 vision
Danish group AP Moller Maersk has highlighted its plans to increase its UK production to 100,000 barrels of oil equivalent (boepd) by 2020.
OMV to spend £1bn
Austrian oil, gas and power firm OMV said yesterday it had invested £33million in exploration and appraisal (E&A) and £55million in development spending in the UK North Sea in 2012.
Focus: Greater Stella Area is key project
Ithaca Energy was formed just nine years ago with a focus on the UK North Sea.
Elgin-Franklin go-ahead ‘in days’
French operator Total said it expected the Health and Safety Executive to approve the restart of the Elgin-Franklin development within days.
Elgin-Franklin platform may restart output next month
A North Sea platform which has been shut down for nearly a year after a gas leak could restart production by the end of next month, it was confirmed yesterday.
Oil giant lifting annual investment to £12.7bn
Norwegian oil giant Statoil said yesterday it was ramping up investment to more than £12.7billion a year as it looked to hit its 2020 production target.
Cost of Alma Galia soars by about £126m
North Sea independent EnQuest has said the cost of its Alma Galia development is to rise by about £126million to £757million, as a result of additional work on the project.
Gas-leak platform could restart ‘in days or weeks’
A North Sea platform which has been shut down for 10 months costing hundreds of millions of pounds in lost revenues is on the verge of being restarted.
EnQuest snaps up 8% stake in Alba
UK North Sea oil and gas company EnQuest said today it had bought two companies holding an 8% total stake in the Alba oil field from Cieco of Japan for an initial £18.75million.
GSA to swallow lion’s share of Ithaca budget
Ithaca Energy said yesterday that most of this year's £224million capital expenditure would go on the Greater Stella Area (GSA) development in the North Sea.