Higher energy bills likely due to the Saudi oil attacks
The drone attack which knocked out half of Saudi oil production is likely to put up energy bills for UK consumers, an analyst said.
oil
North Sea capacity dispute shows OGA walking difficult tightrope, lawyer says
The Oil and Gas Authority’s (OGA’s) probe into a capacity dispute between two operators shows the regulator is walking a difficult tightrope, an Aberdeen lawyer said.
Aramco to face weeks without majority of Abqaiq’s oil output
Saudi Aramco is growing less optimistic that there will be a rapid recovery in oil production from the weekend’s attack and now faces weeks or months before the majority of output is restored at the giant Abqaiq processing plant.
Oil market gripped by uncertainty over lost Saudi production
Oil markets are grappling with uncertainty over how long it will take Saudi Arabia to restore output after the devastating attacks that knocked out 5% of global crude supply.
Vaalco sets out London IPO move
Vaalco Energy has set out formal plans to list on the London Stock Exchange’s main market. The listing should take place by September 30.
Oil skyrockets after attack cuts Saudi Arabian supply
Oil posted its biggest ever intraday jump to more than $71 a barrel after a strike on a Saudi Arabian oil facility removed about 5% of global supplies, an attack the U.S. has blamed on Iran.
Zennor pushing forward with new central North Sea gas projects
Zennor Petroleum is “pushing forward” with plans for two more central North Sea projects which would follow on from the firm’s Finlaggan development.
EnQuest outlines plans for landing Eagle field
EnQuest has taken a step forward on the path to first oil from the Eagle field, which was the subject of a dispute with Dana Petroleum in 2016-17.
Lincoln well a confidence boost for Greater Warwick potential, analyst says
Hurricane Energy’s successful appraisal of the Lincoln field should restore confidence in the potential of the Greater Warwick Area (GWA), west of Shetland, an analyst has said.
Crondall steams in to help Pharis develop North Sea field
A project that would employ a pioneering heavy oil recovery technique in the North Sea has edged a step forward.
BP could sell some oil projects to meet climate targets
BP’s CEO plans to sell some oil projects and curb the development of others to align its business with the Paris accord, the latest sign climate concerns are starting to impact the investment decisions of the world’s largest fossil fuel producers.
Soco buckles down for Egyptian work
The acquisition of Merlon Petroleum earlier this year has given Soco International a new focus, with new exploration planned in Egypt and neighbouring Israel. As such, the company is planning to change its name, to Pharos Energy.
As Gbetiokun flows, Eland lines up exploration
Eland Oil & Gas is beginning to reap the rewards of its second field in Nigeria’s Oil Mining Licence (OML) 40 starting up, allowing it to move into exploration plans.
OGA lays out recommendations in capacity dispute between Spirit, Neptune
The UK oil industry's regulator has advised Spirit Energy to keep looking for alternative export routes for its Pegasus project after the path to its first choice was blocked.
Outlook for energy has ‘peak oil’ in the 2020s – DNV GL
Peak oil will occur in the next few years, a new report into energy transition has found.
In a first, methane-detecting drone flies out to BP rig off Shetland
Technology used to detect signs of life on Mars has been adapted to help reduce an oil company's impact on the environment.
Skua project sanction on the cards for BP, Zennor next year
BP is progressing towards a final investment decision (FID) for the redevelopment of a field in the central North Sea.
Siccar Point aims to keep options open with new gas line west of Shetland
The design for the Cambo field, west of Shetland, will take some of the sting out of a problem that has “held back” production from the area for decades, an oil company chief said.
‘Compelling’ case to keep using Sullom Voe, EnQuest says
EnQuest bosses insisted yesterday they had a “compelling” case for the Sullom Voe oil terminal in Shetland, despite fears the facility may lose a key customer.
Roadmap sets out North Sea role in ‘huge’ net zero challenge
A new “roadmap” was unveiled today setting out the UK oil and gas industry’s ambition to transform the North Sea into a basin with net zero emissions.
Exploration wells and FIDs beckon for UKCS
The UK upstream oil and gas sector will be a hive of activity over the coming years, two global energy consultancies have said.
OGUK unveils 10 ‘principles’ to support battered supply chain
Trade body Oil and Gas UK (OGUK) has published a list of 10 “principles” aimed at helping a "fragile" supply chain whose margins have been squeezed tight by customers in recent years.
Securing investment in UKCS oil and gas projects
While it is becoming commonplace to hear the names of investors reported alongside the names of their investee companies who have acquired UKCS assets, obtaining investment in oil and gas projects remains a complex area for independent oil and gas companies looking to grow their presence, or international organisations hoping to invest in the UKCS.
Apache, Repsol Sinopec signal commitment to UK with contract awards
A pair of oil firms with major UK North Sea portfolios said they had proven their commitment to the region with a raft of new contract awards.
New wave of UK project sanctions out to 2022, Rystad predicts
The UK offshore scene is poised for a timely comeback, according to energy consultancy Rystad.