OPINION: The single biggest breakthrough in oil tech this year
Utah holds the largest reserves of oil sands in the United States, but up until now, no company had the technology to exploit these vast resources.
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ONS 2018: ‘Large companies’ interested in Faroe’s 200m barrel field
Faroe Petroleum's Edinburgh field could contain upwards of 200 million barrels of oil per day, the firm's boss said yesterday.
ONS 2018: UK North Sea in project sanctions ‘mini boom’, analyst says
The UK North Sea has enjoyed a “mini-boom” in final investment decisions (FIDs) this year, an analyst has said.
Saudi Arabia to hand Saudi Aramco ‘exclusive’ 40-year drill concession
Saudi Arabia has granted its state-owned oil company a 40-year concession to exploit the kingdom’s hydrocarbon reserves as part of Aramco’s preparation for a potential initial public offering, a person familiar with the matter said.
Man caught with 24 fake watches minutes before flight to North Sea platform
An offshore worker who planned to sell fake watches to his colleagues was apprehended mere minutes before boarding a helicopter to his North Sea platform.
ONS 2018: Wood to deliver maintenance data mastery on Danish mega-project
Energy service giant Wood has clinched a new four-year contract with Total for the Tyra redevelopment project off Denmark.
Tax rises would dent exploration drive, Premier’s boss says
Premier Oil’s boss said yesterday that any attempt to reverse North Sea tax breaks in the next Budget would damage efforts to encourage exploration.
Updated: Premier Oil in talks over Catcher FPSO capacity as field exceeds expectations
Premier Oil said today that the performance of its Catcher area in the North Sea has exceeded expectations following first oil in December.
Government must not ‘spook investors’ with rise in offshore sector taxes
A North Sea tax expert has warned that any move by the UK Government to extract more revenue from the oil and gas industry is likely to have devastating consequences.
United awarded North Sea block containing 16m barrel Crown discovery
United Oil and Gas is celebrating the award of two North Sea blocks, one of which includes a discovery containing up to 16 million barrels of oil.
WorleyParsons’ profits soar as Amec acquisition delivers ‘step change’
Australian energy service firm WorleyParsons reported a 238% rise in profits for the year ended June 30, 2018.
Oil gains on signs of stockpile slide and weaker dollar
Oil extended gains after an industry group signaled American crude stockpiles fell more than expected and a weaker dollar raised the allure of commodities priced in the U.S. currency.
Need for state oil company not yet proven, expert says
Scottish Labour has suggested that it could back the creation of a new public oil company to operate in the North Sea – but an expert has said the case for one is “not proven”.
Exploration could double Tolmount gas reserves, Premier says
Premier Oil’s boss said yesterday that the Tolmount area in the southern North Sea had the potential to be a “big” asset for decades to come.
Updated: Premier Oil sanctions Tolmount development
Premier Oil said today that it had taken a final investment decision on the Tolmount gas field development project.
Azinor’s Agar-Plantain wells up next for Transocean Leader
Azinor Catalyst said today that the Transocean Leader rig had been mobilised for its North Sea drilling campaign.
Oil steady as slowing US output signs counter trade threat
WTI crude held gains near $66 a barrel as investors assessed signs of slowing growth in U.S. crude production due to a pipeline crunch against ongoing concerns over a trade war between the world’s biggest economies.
Independent Oil and Gas takes out £15m loan to pay for Harvey appraisal
Independent Oil and Gas (IOG) has agreed a £15 million loan to help pay for an appraisal well on a southern North Sea field.
Oil longest losing run since 2015 on turmoil and supply
Oil headed for the longest run of weekly declines in three years, dragged down by everything from an emerging-market rout to rising global supplies and lingering concerns over a spat between the world’s biggest economies.
Oil gets only small reprieve from revival of US-China dialogue
Concern over rising global crude supplies is spoiling oil’s part in a commodity rebound driven by signs of easing tensions between the world’s two largest economies.
Conoco ends SNS production as Theddlethorpe reaches end of the line
US firm ConocoPhillips has confirmed that it no longer produces oil and gas from the southern North Sea.
Local economists declare the end of Houston’s oil bust
The Greater Houston Partnership has declared the end of the oil bust.
Oil price rallies as Turkey turmoil eases off
Oil rebounded as financial markets stabilised after the initial panic over Turkey’s economic meltdown eased.
Updated: Neptune to buy North Sea stakes from Apache
Oil producer Neptune Energy has agreed to buy stakes in a number of North Sea fields from US firm Apache.
New regulations make more data available to industry
Steps have been taken in Westminster to make sure one of the key planks of the Wood Review is put in place, the Oil and Gas Authority (OGA) said.