Hurricane’s Lancaster field FPSO undergoing repairs in Spain
Hurricane Energy said today that the FPSO for its flagship North Sea project is undergoing repairs in Spain.
oil
Corallian on course for Wick exploration well next month
Corallian Energy said today that the UK Government had looked favourably upon its plans for two offshore exploration wells.
UN Nuclear watchdog says Iran abiding by 2015 deal limits
The UN's nuclear watchdog has said that Iran is abiding by the deal reached in 2015 with major powers that aimed at preventing Tehran from building atomic weapons in exchange for economic incentives.
Oil price recovering after Opec cut agreed
Oil prices have started to recover to above $70 a barrel after the world’s major crude producers agreed that supply needs to be cut significantly next year.
Saudis see need for major oil supply cut as fears of a glut grow
Saudi Arabia said OPEC and its allies should reverse about half the increase in oil output they made earlier this year as fears of shortages are supplanted by concerns about oversupply and collapsing prices.
Total, Adnoc launch unconventional gas exploration programme
Total and Abu Dhabi National Oil Company (Adnoc) have agreed to launch an unconventional gas exploration programme.
Axis chief urges operators to ease pressure on supply chain
The boss of an Aberdeen oil field services consultancy has urged operators to ease the pressure on the supply chain after another challenging year for industry.
Verbier appraisal well knocked into 2019, Jersey says
The drilling of an appraisal well on the Verbier discovery has been pushed back for a second time, a project partner revealed today.
Wood ties up contracts worth £40m with Adnoc Onshore
Energy service giant Wood has secured three new contracts worth more than £40 million with a subsidiary of Abu Dhabi National Oil Company (Adnoc).
Updated: Brent dropped below $70 for first time in months
Brent crude dropped below $70 per barrel for the first time since April today as waivers took the sting out of Washington's latest sanctions on Iran.
Oil teeters near record losing streak after entering bear market
Oil’s set for its longest stretch of declines on record after entering a bear market, with investors awaiting a weekend meeting of OPEC and its allies to discuss output strategy.
Happy staff will always be the best employees
It’s well known among those who keep hens that happy “chooks” lay more eggs.
North Sea player Tailwind completes EOG UK acquisition
Tailwind Energy has wrapped up the acquisition of the UK business of Houston-headquartered oil and gas firm EOG Resources.
Big oil tells big tech: Trust us, being arrogant will backfire
One of the biggest oil bosses in the world has a message for hotshot young tech stars: trust me, being arrogant won’t pay off.
Decommissioning hub in Lerwick with trusted logistics provider
Dales Voe has been named as the preferred location for the UK’s first ultra deep-water port and has an approved planning application to increase the decommissioning capabilities on site, opening up a unique opportunity for North Sea operators in the region.
Exxon’s $2bn Canada move shows confidence when others flee
Almost two years after Exxon Mobil Corp. removed billions of barrels of oil-sands crude from its reserves, its Imperial Oil Ltd. unit is investing again, saying low Canadian crude prices that scared off the other majors make it a perfect time to build.
Zeal for production eclipses efforts to beef up North Sea reserves, OGA report says
UK North Sea operators’ zeal for production eclipsed efforts to add new reserves to the basin’s hydrocarbons basket last year, a new report said.
Marathon Oil’s finances lift in Q3, no news on touted North Sea sale
Marathon Oil's financial performance improved dramatically in the third quarter of 2018 as the Houston-headquartered firm posted double-digit production growth.
Lessons from other industries central to oil and gas recovery, ASCO says
Digitalisation can help realise significant benefits for oil and gas, particularly if lessons can be learned from the experiences of other sectors including retail and automotive.
Dana taking steps to rectify Triton FPSO safety issues
Dana Petroleum said today that it is rectifying an issue flagged by health and safety watchdogs on the Triton FPSO.
Oil set for longest losing run since 2014 as supply fears ease
Crude’s poised for the longest losing streak since 2014 as concerns of a supply crunch eased on a forecast for rising U.S. production and waivers for eight countries allowing temporary import of Iranian oil.
Iran oil waivers: How buyers are lining up after US exemptions
Armed with waivers to keep importing Iranian oil without running afoul of U.S. sanctions, some of the Islamic Republic’s top customers are preparing to buy.
Explorer Wellesley Petroleum in shift to operator
The team at Wellesley Petroleum can see a crossroads up ahead.
Oil and gas orders up 10% at Weir Group
Scottish engineering firm Weir Group reported a 10% increase in orders for its oil and gas division in the third quarter.
Oil could touch $100 if supply crunch worsens, Citi’s Morse says
Oil prices are likely to be “biased to the upside” for the rest of the year as demand from refineries rises in November and December, according to Citigroup Inc.