Serica looks to ‘spread the risk’ beyond Erskine
Serica Energy’s boss said yesterday that the firm needs to “spread the risk” beyond the Erskine field by developing its North Sea assets and beefing up its portfolio.
Serica Energy’s boss said yesterday that the firm needs to “spread the risk” beyond the Erskine field by developing its North Sea assets and beefing up its portfolio.
The rate of non-Opec production decline will remain steady through to 2020, creating disappointment for companies pinning their hopes on crude price rises, a new report said.
Faroe Petroleum's boss said yesterday that the North Sea mergers and acquisitions market is “hotting up” as players become more “impatient”.
Moray SNP MSP Richard Lochhead said yesterday the loss of more than 30 jobs at a failed Fochabers engineering firm was a “sorry blow” to the economy.
The final price prediction from Andy Hall -- the oil trader known to many in the industry as "God" -- seems to have come true. Not that it does his investors any good.
The age of persistently weak oil prices is nearing its end, with demand booming and a supply squeeze in the offing, according to Trafigura Group.
Aberdeen software firm Adept Solutions has doubled its workforce after winning a major North Sea contract.
Serica Energy announced today that production at the Erskine field resumed at the end of last week.
Norwegian contractor AF Gruppen will help ConocoPhillips decommission up to seven southern North Sea platforms.
Global Energy Group has finished building and loading out more than 1,000tonnes worth of equipment for the North Sea Culzean field at its Invergordon base.
The UK Government will provide a further £5million to boost oil and gas exploration in the North Sea, the chancellor said today.
Plexus Holdings has clinched a deal to supply Centrica with oilfield well equipment for a southern North Sea project.
Independent Oil and Gas (IOG) said today that Schlumberger would help get its field development plans for two North Sea gas projects over the line.
UK authorities have given Hurricane Energy permission to forge ahead with the early production system (EPS) for the Lancaster field, west of Shetland.
Things are looking up for oil and it’s bringing hedge funds back.
China has announced that it will limit energy supplies to North Korea and stop buying its textiles under UN sanctions imposed over its nuclear and missile development, further reducing support from Pyongyang’s last ally.
China has announced that it will limit energy supplies to North Korea and stop buying its textiles under UN sanctions imposed over its nuclear and missile development, further reducing support from Pyongyang’s last ally.
OPEC and Russia said they were about halfway toward clearing a global oil glut and urged fellow producers to stay focused and finish the job, without making any immediate changes to their agreement.
Billionaire oilman Harold Hamm says the government was way too optimistic with its prediction of more than 1 million new barrels a day in US production, and the snafu is “distorting" global crude prices.
North sea oil firm Hurricane Energy posted deeper losses yesterday, but hailed this summer’s £405million finance deal as a “significant endorsement” of its west of Shetland ambitions
Offshore vessel contractor Awilco Drilling has clinched a deal to undertake a well campaign on a North Sea field.
UK North Sea oil explorers may have suffered “collective brain freeze” when coming up with their ambitious 2017 drilling targets, an analyst has said.
Hurricane Energy reported a loss for the first half the year of $4.2million.
Industry body Oil and Gas UK (OGUK) has challenged scientists’ gloomy prediction that North Sea oil and gas reserves will run out in 10 years.
Liveried Sikh doormen have welcomed royalty, literary giants and the deep of pocket to Singapore’s Raffles Hotel for decades. And for one night in September they let in the global oil trading community for the industry’s social highlight of the year.