Resolving co-location conflicts between oil and wind
Co-location conflicts between oil and gas projects and wind farms have been blamed for delaying approvals in the 33rd Offshore Petroleum Licensing Round.
Co-location conflicts between oil and gas projects and wind farms have been blamed for delaying approvals in the 33rd Offshore Petroleum Licensing Round.
Explorers are “taking a measured view and holding budgets and activity steady whilst trying to improve overall exploration efficiency”, Westwood said.
With Serica Energy looking outside of the UK North Sea for M&A deals and Taqa deciding to hold onto its UK assets, what are the implications for the market?
RockRose Energy is eyeing up North Sea takeover opportunities with a large lens, according to consultancy Westwood Global Energy Group.
The 250millon-barrel Glengorm discovery will ‘reignite excitement’ in the central North Sea, with eyes now on further prospects in the region according to Westwood Energy.
Bridge Petroleum’s plan to redevelop its Galapagos field, which has up to 800million barrels remaining, is achievable, according to an analyst.
The energy industry is aiming to drill out 3.7billion barrels of oil equivalent from high-impact wells in the UK and Norway this year, according to Westwood Global
OPEC’s output cuts as well as outages in Venezuala have offset projected drilling activity in 2018.