OGTC brings BP on board for new oil technology accelerator
The Oil and Gas Technology Centre (OGTC) today launches a new business “accelerator” to help budding companies take their pioneering products to market faster.
oil
Drilling under way on Oyo well in Nigeria, Erin says
Erin Energy said today it had started drilling the Oyo North West well off Nigeria.
Hungary’s MOL Group mulls UK North Sea exit, report says
Hungarian oil firm MOL Group is weighing up the sale of its UK North Sea business, just four years after its arrival in the basin, a news report said.
Exclusive: Jacket for Shell’s Brent Alpha platform to be scrapped in Norway
Oil major Shell has revealed that the steel jacket for its Brent Alpha platform will be taken to Norway for scrapping.
Shell hopes to make investment decision on Penguins ‘shortly’
Shell’s UK upstream boss yesterday hailed a “great year” and said the oil major expected to be busy in the North Sea in 2018.
Time for North Sea to speed up collaboration drive, Deloitte says
A director at Deloitte said today that North Sea industry had made real progress in its collaboration drive, but that companies needed to "go faster" to lock in the gains.
Ace Group in recruitment drive as oil market picks up
Ace Group plans to cement its position as one of the biggest suppliers of freight services to North Sea industry after securing a seven-figure lending package from Clydesdale Bank.
Siccar Point books rig for Lyon well, completes Ineos farm-out
Oil firm Siccar Point Energy said today that it had booked a rig for drilling the Lyon well next year.
Oil falls below $58 as rig count counters OPEC curbs extension
Oil dropped below $58 a barrel as investors weighed an increase in U.S. oil drilling rigs against OPEC’s promise to extend output cuts through the end of next year.
Worker dies after falling ill on North Sea rig
An oil worker has died after falling ill and being airlifted from a North Sea platform.
Opec’s easy win masks tough oil-market choices still to come
On the surface, Thursday’s OPEC meeting was a no-drama success.
Updated: Oil extends gains as Opec prolongs production curbs through 2018
Oil extended gains following a third monthly advance after OPEC and Russia agreed to prolong production cuts through to the end of 2018 in their fight against a global supply glut.
Updated: EnQuest takes over at Sullom Voe, Magnus as BP deal closes
EnQuest became the operator of another North Sea field and a major oil terminal today.
Opec, Russia extend output cuts, boosting oil alliance
OPEC and its allies outside the group agreed to maintain oil production cuts until the end of 2018, extending their campaign to wrest back control of the global market from America’s shale industry.
Worst of oil downturn ‘over’, new survey shows
The worst of the oil and gas downturn is over, a new survey shows.
OPEC and Russia ready to extend oil-supply cuts through 2018
OPEC and Russia are ready to extend their oil production cuts until the end of next year to ensure global stockpiles keep falling and prices maintain recent gains.
North-east consultancy poised to double size of workforce
DiveSource, an international offshore crewing and diving consultancy based in Westhill, Aberdeenshire, said yesterday it was poised to double the size of its workforce after winning a multimillion-pound North Sea deal.
Oil slips on signs US inventories gained ahead of Opec meeting
Oil dropped for a third day as U.S. industry data showed crude stockpiles expanded and as OPEC ministers arrive in Vienna to decide on prolonging supply cuts past the end of March.
37 Years in the Making: Exxon Opens Tap on Offshore Canada Cache
On the eve of the most momentous OPEC gathering in at least three years, Exxon Mobil Corp. turned on the spigot on an oil field that’ll pump a supertanker worth of crude every two weeks.
Decom Conference: Decommissioning cost cutting efforts risk clash with competition watchdogs, OGA says
A decommissioning expert at the Oil and Gas Authority (OGA) said today that efforts to lower North Sea dismantling costs risked a clash with competition watchdogs.
Rhum field may test Iran policy, report says
A North Sea field being sold by BP could test US policy towards Iran, a news report said.
Decom firm Well-Safe picks Dundee port for marine base
Fledgling decommissioning firm Well-Safe Solutions has said that its onshore marine base will be located in the Port of Dundee.
Sodexo wins North Sea deals worth £4m
French catering and facilities management firm Sodexo has won two new contracts worth a combined value of £4million.
OGA extends Cluff’s southern North Sea licences
The Oil and Gas Authority (OGA) has agreed to extend two of Cluff Natural Resources' southern North Sea licences for a further year.
Too early for talk of ‘flurry’ of North Sea deals, analyst says
An analyst has tempered expectations of a “flurry” of North Sea asset sales following the Chancellor’s decision to introduce transferable tax history (TTH) from November 2018.