Dana’s oil production on target, says chief
The chief executive of Aberdeen-based Dana Petroleum said yesterday it was on target to achieve output of more than 100,000 barrels a day by 2016.
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CEO delivers update on exploration plans
Premier Oil chief executive Simon Lockett said yesterday he was looking forward to increased exploration by the firm in the next 12 months, including in the North Sea.
Rosebank development in North Sea to create 300 jobs
Oil giant Chevron said yesterday its multibillion-pound North Sea Rosebank development was expected to lead to the creation of 300 jobs out of its Aberdeen base.
GDF gets go-ahead for Juliet
French utility GDF Suez's exploration and production arm is to build its first production hub as an operator in the North Sea after getting the go-ahead from regulators today.
Berenx could be company maker for Europa
Onshore oil and gas explorer Europa Oil & Gas has said its Berenx onshore France discovery could be a “company maker”.
BP looking to exit TNK-BP venture
BP has this morning said it is looking into a sale of its share of the Russian oil venture TNK-BP.
Maersk seeks further UK opportunities
Maersk Oil North Sea said yesterday it was looking at further opportunities in the UK after agreeing to spend £81.4million taking take full control of two fields and a floating production vessel.
Shell to boost Schiehallion stake
Oil giant Shell has agreed a deal that could see it increase its stake in the BP-operated Schiehallion field to nearly 50%.
EnQuest continues acquisition trail
North Sea-focused oil and gas firm EnQuest today announced yet more acquisitions but said production fell in the first quarter pf 2012.
Tax break to benefit Ithaca developments
Aberdeen-based oil and gas firm Ithaca Energy yesterday said all of its current and future developments would get a boost from the March Budget.
British sector’s ‘bright future’
The chief executive of Dana Petroleum, of Aberdeen, said yesterday that the UK offshore oil and gas industry had a bright future, despite declines in output and exploration and drilling activity.
Kuwaitis end talks on oil and gas takeover
The national oil company of Kuwait has walked away from takeover talks with North Sea-focused oil and gas explorer Ithaca Energy, a report in the Middle East has said.
Van Nes producing, says Dana
Dana Petroleum last night said first oil had been achieved on the Van Ghent well on the Dutch continental shelf yesterday.
Total’s Islay comes on stream
French oil and gas giant Total said today first production had started from its Islay gas field in the northern North Sea.
Millions in tax leaking away with gas each day
The UK Government is losing around £2.5million per day in tax revenues because of the gas leak on Total's stricken Elgin platform, according to an analyst.
First Norwegian production for BG
BG Group said today it had started its first production from the Norwegian Continental Shelf.
Budget will save us £25million in taxes – Deo
North Sea oil firm Deo Petroleum said yesterday an extension to small field allowances delivered by Wednesday's Budget would save it about £25million in taxes.
Concerns over environmental impact
WWF Scotland hit out at the drilling plans yesterday, accusing the government of helping to take the UK further and further away from becoming a zero-carbon country and risking the environment.
Emergency shutdown at Statoil’s Statfjord C
Production was shut down at a North Sea platform today after a toxic gas leak.
Taqa Bratani gearing up for drill campaign
North Sea oil and gas firm Taqa Bratani is gearing up to drill another five to 10 exploration wells, its managing director said yesterday.
Endeavour International focus on North Sea
Endeavour International today said its 2012 budget of up to £109million would be focused on the North Sea.
Oil & Gas UK boss wants Government support
UK Government support for the oil and gas industry would help the long-term security of the north-east and boost Treasury tax intake, the boss of Oil & Gas UK said yesterday.
Centrica’s upstream business on target for 70million barrels of oil equivalent annually
Centrica's upstream business is on target to hit 70million barrels of oil equivalent (boe) annual production by the end of 2013 after a three-month spending spree, the firm's UK upstream boss said today.
Apache completes deal
Oil and gas firm Apache North Sea (ANS) last month completed its acquisition of the assets of Mobil North Sea, including the Beryl field, from ExxonMobil.
Nexen to drill in North Sea
Nexen said yesterday it had an exploration programme planned for 2012 in the UK North Sea.