Aberdeen’s oil wealth ‘not shared equally’ says council co-leader Jenny Laing
Aberdeen’s massive oil wealth has not been shared equally among the city’s residents, the council’s co-leader admitted yesterday.
oil and gas
Crunch talks scheduled as majority of workers vote for strike
Trade union officials and employers will hold crunch talks over offshore workers’ pay next week in a bid to avert widespread strikes in the North Sea.
India’s Aban Offshore in quick-fire sale of North Sea blocks
Indian firm Aban Offshore has agreed a quick-fire sale of 50% of two North Sea blocks it is in the process of acquiring.
Partners sanction Shell-operated Arran development, Zennor Exits
Shell and its project partners have sanctioned the development of the Arran field in the central North Sea.
High rates ‘will drive oil firms out of Scotland’
Rising business rates will be more damaging to the north-east oil and gas industry than Brexit, it was claimed last night.
Business rates ‘more damaging’ to energy sector than Brexit
Rising business rates will be more damaging to the north-east oil and gas industry than Brexit, it was claimed last night.
Foreign exchange rates and higher prices return Dana Petroleum to the black
More favourable foreign exchange rates and higher oil prices returned Aberdeen-headquartered Dana Petroleum to the black in 2017.
US extends sanctions waiver on Rhum field
The US has issued an interim licence to nullify restrictions on production from a UK North Sea field.
$100 oil cannot be ruled out, says Aberdeen petro-economist
A senior lecturer at Aberdeen University has argued $100 oil “cannot be ruled out” as Brent’s price surge continues.
Total hoping new Laggan well will crack ‘compartment’ issues
Oil major Total hopes a new well on its Laggan field will help it crack “compartmentalisation” issues on a reservoir which came off plateau about a year after first gas.
Apache is latest firm to scrap three week rotas
US oil firm Apache Corporation has become the latest company to scrap unpopular, three-week rotas in the UK North Sea.
Speculation mounts over UK North Sea exit for Chevron
Speculation about a potential North Sea exit for Chevron mounted yesterday after the US firm said it had received a bid for its stake in the Rosebank field.
‘Commercial challenges’ could rule out private-equity bid for Rosebank
US oil giant Chevron confirmed yesterday that it had received an approach for its stake in one of the UK’s largest undeveloped fields.
BP gets OGA permission for £200m Vorlich project
The Oil and Gas Authority (OGA) has given BP its blessing to develop the Vorlich field in the central North Sea.
BP gets OGA permission for £200m Vorlich project
The Oil and Gas Authority (OGA) has given BP its blessing to develop the Vorlich field in the central North Sea.
Chevron receives approach for Rosebank stake
US oil major Chevron has received an approach for its stake in a major North Sea project. The “expression of interest” relates to Chevron’s 40% operated interest in the Rosebank development. The identity of the potential buyer was not revealed. Read more on Energy Voice here.
Total reveals major gas find west of Shetland
French oil major Total said today that its Glendronach prospect could contain one trillion cubic feet (tcf) of gas. The Stena Don semi-submersible rig started drilling the well in May and encountered a 140 ft gas column. One tcf equates to about 175 million barrels of oil equivalent. Read more on Energy Voice here.
Shell to ditch unpopular three-week rota next year
Oil giant Shell said today that it will ditch three week offshore rotas on its central North Sea platforms next year.
Faroe to ramp up exploration, pursue M&A opportunities as profits appear
Faroe Petroleum will participate in seven wells by the end of next year as the North Sea oil firm “ramps up” exploration activity.
Hunt for Liberator partner runs into delays, i3 Energy says
North Sea oil firm i3 Energy is making progress with its Liberator field development plans despite struggling to overcome stumbling blocks with a potential joint venture partner.
Siccar Point playing long game west of Shetland
Siccar Point Energy’s boss said the private-equity backed oil firm plans to be a fixture in the waters around Shetland for the long haul.
Zennor in ‘strategic’ swoop for Britannia stake
North Sea oil firm Zennor Petroleum will buy a stake in the Britannia field, which will serve as the export route for its Finlaggan asset.
Scottish oil and gas sales up to £20bn despite output dip
The sales value of oil and gas produced in Scottish waters has risen by almost a fifth in the past year to around £20 billion, despite a dip in output.
Oil boss working in Malaysia spends return trip home to Aberdeen in cells for sending abusive messages
An oil boss now working in Malaysia ruined his trip home to Aberdeen after being arrested for sending messages to his ex-wife threatening to beat up her new partner.
Payoff for therapist who took hold of own future
Quitting your job to start your own business is always a daunting task.
Oil and gas bosses report negative impact on offshore safety from lower oil prices
Oil and gas industry bosses have reported a negative impact on offshore safety from lower oil prices despite firms’ good intentions.
Prof Kemp to deliver more bullish North Sea production forecast
Top petro-economist Alex Kemp will soon deliver a more “bullish” forecast for North Sea oil production out to 2050.
EnQuest will pay £230m for 100% of Magnus field
Oil firm EnQuest said today that it would exercise an option to buy the remaining 75% interest in the Magnus field from BP for £230 million.
Tailwind completes acquisition of Triton stakes from Shell, Exxon
North Sea newcomer Tailwind Energy has completed a deal to buy Shell and ExxonMobil’s stakes in the Triton cluster. London-headquartered Tailwind first announced the acquisition in December, saying it planned to “further develop” the asset. The newcomer’s focus is on acquiring and investing in UK continental shelf assets. Read more on Energy Voice here.
Cluff working ‘tirelessly’ on farm-out as first-half losses widen
Cluff Natural Resources’ (CLNR) chairman said today that the company is “working tirelessly” to find partners for two of its North Sea licences.
Siccar Point claims west of Shetland well test success
Oil exploration firm Siccar Point Energy said today that the initial results from its Cambo well, west of Shetland, were “encouraging”.
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.