OGA approves pair of Wick prospect farm-ins
The Oil and Gas Authority has approved two farm-in deals on a licence in the Moray Firth.
oil
Premier eyes free cash flow boost as Catcher tops 60,000 barrels per day
Premier Oil expects to generate "significant free cash flow" in the second half of 2018 thanks to higher crude prices and increased production from the Catcher field.
Aker bags £90m contract for Troll field module
Equinor, formerly Statoil, has awarded Aker Solutions a £91million for the supply of a module for the Troll A platform.
Oil at $100 a barrel won’t hurt world economy as much as in 2011
The global economic impact of oil hitting $100 a barrel won’t be as big as when that happened in 2011 thanks to changes in the U.S.
Repsol to end pursuit of oil growth in tilt to clean energy
Repsol SA will no longer seek growth for its oil and gas business in preparation for the global transition to cleaner energy, according to a person familiar with the matter.
WorleyParsons says North Sea contract extension protects 165 jobs
Australian oil service firm WorleyParsons said today that a two-year, UK North Sea contract extension would safeguard 165 jobs.
ConocoPhillips ‘considering North Sea exit’, report says
US oil major ConocoPhillips is considering an exit from the UK North Sea, a news report said.
Oil holds gains as Mid East clashes raise risks after Saudi cuts
Oil held gains near $71 a barrel after escalating conflict in the Middle East raised geopolitical risks and as most OPEC members cut output more than required last month.
Church of Scotland report calls for end to oil investments
The Church of Scotland has been advised to drop its investments in fossil fuels.
Awards for oil and gas leadership
Robert Gordon University (RGU) has teamed with the Energy Industries Council (EIC) for a second year to run an awards scheme aimed at future leaders in the oil and gas sector.
New power cable to keep Johan Sverdrup emissions down
Statoil said today that a power cable linking the Johan Sverdrup field with dry land will keep the North Sea project's CO2 emissions to a minimum.
Farm-outs ‘shore up’ Providence finances, bring Barryroe oil closer
Providence Resources’ boss said today that farm-out deals had helped the Irish explorer “shore up” its finances and bring first oil from the Barryroe discovery closer.
Oil and gas sector deal would create three centres of excellence
A proposed £1 trillion sector deal for the offshore oil and gas industry would involve the creation of three new centres of excellence.
Trump’s Iran move could unravel Opec output deal
The international nuclear agreement with Iran might not be the only deal U.S. President Donald Trump has unraveled.
Serica’s North Sea deal with BP will survive Trump’s Iran sanctions move, analyst says
Serica Energy’s acquisition of stakes in a North Sea field co-owned by Iran is likely to go ahead despite the US’s withdrawal from an international pact, an analyst has said.
Unlit flare created explosion risk on North Sea platform
A gas build-up on a North Sea platform exposed workers to an explosion risk, a new safety report said.
Oil climbs as Israel and Iran clash after Trump’s sanctions move
Oil extended gains above $77 a barrel as a conflict between Israel and Iran ratcheted up, increasing prospects for tighter global supply after the U.S. renewed sanctions on OPEC’s third-largest producer.
Updated: Serica shares slide as Trump’s Iran move casts doubt on North Sea field’s future
Shares in Serica Energy nosedived after the firm said it was "evaluating the implications" of Donald Trump's decision to pull the US out of the Iran nuclear deal.
Vessel for huge North Sea field completed in Singapore
A major piece of infrastructure for the giant Culzean gas field in the North Sea has been completed in Singapore.
Time is right for oil companies to explore, Westwood Global says
A combination of higher crude prices, lower costs and less competition means the time is right for oil firms to go exploring, a new report said.
Oil gains as Iran crude buyers get US ultimatum to cut imports
Oil rebounded to trade at the highest level since 2014 as investors focused on how buyers of Iranian crude will react to U.S. sanctions aimed at cutting exports from OPEC’s third-largest producer.
Ithaca boosts production, on course for Harrier start-up
Ithaca Energy said today that output from the North Sea Stella field helped it increase overall production by 95% to 18,165 barrels of oil per day in the first quarter of 2018.
Permian 3.0 shows biggest US oil field has more to give
Call it Permian, version 3.0.
Fishing industry to use fleet of drones to support oil sector
Scottish fishing boats will double up as unmanned aircraft carriers after a high-tech addition to the services they offer to the offshore energy industry.
Former oil and gas worker turns double-decker bus into mobile cafe
A former oil and gas worker who was forced to diversify when her department moved overseas has launched her own business after converting an old double decker bus into a portable cafe.