Ithaca holds out hope of sanctioning next stage of Captain EOR project in 2020
Ithaca Energy hasn’t abandoned hope of sanctioning phase two of its enhanced oil recovery (EOR) programme on the Captain field before year end.
oil
Protest-plagued North Sea project achieves first oil
A £200 million North Sea project that environmental activists repeatedly tried to thwart has delivered first oil.
Acquisition gives Jersey Oil and Gas full control of North Sea licence
London-listed Jersey Oil and Gas has agreed to buy the remaining 12% of the licence containing the Verbier discovery in the outer Moray Firth.
Updated: Oil aviation market ‘extremely tough’ as Covid slashes flying hours, Babcock says
Engineering service group Babcock International said today that market conditions for its oil and gas aviation business were “extremely tough” in the six months to September 30.
Oil and gas sector job protection heading up SNP group’s wish list
Rishi Sunak has been urged to make good on a pledge to invest in Aberdeen to help the oil and gas industry go green in today’s spending review, amid claims “failure” to do so cannot go on any longer.
Oil keeps rising after eight-month high on demand optimism
Oil kept rising after closing at a eight-month high on increasing optimism that recent Covid-19 vaccine breakthroughs will lead to a swift recovery in global energy demand next year.
Expect any Biden climate plan to have big impact on energy sector
The Joe Biden climate plan, Energy sector experts breakdown what to expect as the new US President looks to change the country's climate change stance.
Oil rises past August high on vaccine progress, Biden transition
Oil extended gains after closing at the highest level since August on signs Covid-19 vaccines could be rolled out within weeks and as the start of the U.S. presidential transition process aided markets in general.
Parkmead steering toward development decision on North Sea project in 2021
Parkmead Group’s boss said yesterday that the Aberdeen-based energy firm hoped to settle on the best development option for its flagship UK North Sea oil project next year.
Parkmead widens search for Greater Perth Area host
Parkmead Group, of Aberdeen, has widened its search for a host facility for its Greater Perth Area (GPA) project in the central North Sea.
Ithaca Energy outlines intent to develop central North Sea field
Ithaca Energy, of Aberdeen, has taken a step toward developing a field in the central North Sea.
OPEC+ drops another hint it will delay production hike
OPEC+ said oil producing countries must be ready to act when the group gathers for its next full ministerial meeting in two weeks, the latest indication the cartel is preparing to delay a production increase.
Oil extends gains on vaccine progress as OPEC+ meets
Oil extended its gain with investors weighing news of another Covid-19 vaccine breakthrough as OPEC+ moved closer to delaying a planned easing of output cuts.
New tool for slashing well decom costs aces first live test in North Sea
An Aberdeen start-up firm’s technology for slashing oil well decommissioning costs has passed its first North Sea trial with flying colours.
Zero hour: Four ways governments can unlock green businesses at COP26
In the “business-as-usual” version of 2020, global leaders should have been gathering this week in Glasgow for the most important meeting on climate since the Paris Agreement five years ago.
Don’t throw the baby out with the bathwater – caution urged amid net-zero push
UK oil and gas industry figures have stressed the need to protect indigenous hydrocarbon production amid the nation’s drive to net-zero.
Electrification of older platforms as complicated as ‘open heart surgery’, Shell chief says
Shell’s UK North Sea chief has said the task of engineering ageing oil platforms to run on green power would be as complicated as “open heart surgery”.
Total hands out UKCS engineering framework deals to trio of consultants
A trio of consultancies said yesterday they had clinched contracts to provide engineering services on oil and gas giant Total’s UK continental shelf (UKCS) assets.
Well-fed microbes deliver big production boost at North Sea field
A pilot test of a pioneering microbial technology has delivered a production increase of more than 25,000 barrels at a UK North Sea oilfield.
Trump’s Iran policy can be an opportunity for Biden
The next U.S. president will have to come to terms with “the will of the Iranian people” and end the economic war against the Islamic Republic, Iranian President Hassan Rouhani said in a speech Thursday. Bluster aside, there is a kernel of truth to his prediction — and President Donald Trump’s Iran policy may make negotiations easier for President-elect Joe Biden.
Philippines greenlights oil exploration in disputed sea without China
The Philippines said oil exploration in the disputed South China Sea can proceed without China, in what could be a further sign of the Southeast Asian nation’s tougher stance against Beijing.
Plans to link pay with oil prices in new deal for North Sea workers
A new deal covering thousands of North Sea workers could include a “rate adjustment mechanism” linking pay with oil and gas prices, a key figure behind the talks said.
Repsol Sinopec targets investment call on Montrose infill project in 2021
Repsol Sinopec Resources UK (RSRUK) has said it expects to make a final investment decision (FID) on a new infill project at its Montrose field next year.
Commodities on edge as tight US election hurts gold, aids oil
Gold fell with copper and oil pared gains as tight races in battleground states in the U.S. election shook traders’ initial faith in a decisive outcome, raising the prospect of a prolonged wait for the final result.
Decom timing frustrations forcing North Sea firms to look overseas
Frustrated by uncertainty around project schedules offshore UK, North Sea decommissioning firms are increasingly looking overseas for work, a sector chief said.