China announced the creation of its long-planned national oil and gas pipeline company, officially kicking off one of its biggest energy revamps aimed at helping supply keep pace with swelling demand.
The Danish philosopher Soren Kierkegaard said, “Life can only be understood backwards; but it must be lived forwards.”
The giant Johan Sverdrup oil field is coming to the rescue of Norway’s oil industry -- again.
Tensions over new tax changes to offshore contractors arose yesterday as Cnooc International became one of the first North Sea firms to roll out its new off-payroll working rules.
A fledgling plug and abandonment firm which recently received a £66 million investment has said it “expected” its £2.7m loss.
During my recent interview with David Clark, global energy director at Lloyd’s Register (LR), one adjective cropped up repeatedly – “encouraging”.
Neptune Energy and partners have dished out drilling services contracts worth £30.8 million for its 50 million barrel Seagull project in the UK North Sea.
Serica Energy’s boss has said the gains squeezed by his team from North Sea fields acquired a year ago show smaller companies can be more efficient.
Shares in Hurricane Energy slid on Monday despite the company confirming oil at a field west of Shetland.
Spirit Energy struck gas at its Andromeda North well in the southern North Sea, but the discovery was “at the lower end of expectations.”
Exploration activity in the UK North Sea has picked up substantially since last year, but the success rate has “fallen off a cliff”, an analyst has said.
North Sea oil and gas minnow Ping Petroleum could soon be under new ownership, it is understood.
A discussion forum for the oil and gas industry in Scotland has changed its name to “better reflect” its evolving role.
Serica Energy has picked helicopter operator Babcock Offshore to fly its crew to the Bruce field in the North Sea.
Shares in North Sea explorer i3 Energy sank today after the company said its plans to develop targets in the outer Moray Firth hinged on finding additional funding.
Aberdeen’s Ithaca Energy said today that “quick payback” projects had boosted production at the company, which recently bought most of Chevron’s North Sea portfolio.
Nicola Sturgeon yesterday warned Labour’s oil tax would cost north-east jobs but declined to give a cast-iron commitment to oppose the plan during Westminster talks.
Chinese firm Cnooc has taken up an option for a Maersk rig to drill an additional infill well on its huge Buzzard field in the UK North Sea.
An annual offshore decommissioning conference has “left its comfort zone”, organisers said as the 2019 event drew to a close yesterday.
The following figure is from the Government produced ‘UK greenhouse gas (GHG) emissions national statistics 1990 – 2017’. The bar chart shows the main sectors contributing to GHG emissions.
A new study into the health of the North Sea oil and gas industry has revealed growing levels of confidence and an increasing number of firms gearing up for the energy transition.
A UK Government official said yesterday that 2019 was a “year of scrutiny” for the offshore oil and gas decommissioning industry - and it was not a “one-off”.
The UK oil and gas industry must get more “radical” and “strategic” if it wants to make big decommissioning cost savings, an industry expert said.
The predicted cost of decommissioning the UK’s offshore wind farms has already risen to about £4 billion, the audience heard at a conference in St Andrews yesterday.
The rise of specialist decommissioning firms could give the UK the edge in a global oilfield dismantling market worth £67 billion over the next decade, a new report said.