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.
oil and gas
Oil giant Shell said today that it will ditch three week offshore rotas on its central North Sea platforms next year.
Faroe Petroleum will participate in seven wells by the end of next year as the North Sea oil firm “ramps up” exploration activity.
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 Energy’s boss said the private-equity backed oil firm plans to be a fixture in the waters around Shetland for the long haul.
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.
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.
Quitting your job to start your own business is always a daunting task.
Oil and gas industry bosses have reported a negative impact on offshore safety from lower oil prices despite firms’ good intentions.
Top petro-economist Alex Kemp will soon deliver a more “bullish” forecast for North Sea oil production out to 2050.
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.
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 Natural Resources’ (CLNR) chairman said today that the company is “working tirelessly” to find partners for two of its North Sea licences.
Oil exploration firm Siccar Point Energy said today that the initial results from its Cambo well, west of Shetland, were “encouraging”.
Premier Oil said today that the performance of its Catcher area in the North Sea has exceeded expectations following first oil in December.
The contractor behind the harbour expansion at Nigg Bay has confirmed drilling and blasting work has started on the £350million project.
The Treasury is unlikely to reverse North Sea tax breaks in the upcoming Budget amid industry warnings it could cause “irreversible damage”, it emerged last night.
Wood’s shares lifted yesterday after the energy service giant revealed its takeover of Amec Foster Wheeler (AFW) would generate bigger cost savings than previously anticipated.
Aberdeenshire-based Plant Integrity Management (PIM) has secured work worth more than £2million so far this year.
Australian energy service firm WorleyParsons reported a 238% rise in profits for the year ended June 30, 2018.
Scotland’s share of North Sea tax revenues jumped to £1.3billion in the last year, according to latest tax and spending figures.
Atlantic Offshore Scotland has created 50 new jobs through the purchase of two North Sea emergency response vessels.
Energy service giant Wood has clinched a new six-year contract for Shell’s Malampaya project in the Philippines.
Azinor Catalyst said today that the Transocean Leader rig had been mobilised for its North Sea drilling campaign. The vessel will drill an exploration well on Plantain followed by a sidetrack well to appraise the Agar field. Azinor said the job would cost £11.7 million gross. Read more on Energy Voice here.
Premier Oil said today that it had taken a final investment decision on the Tolmount gas field development project.
Strikes are due to continue today on three North Sea platforms operated by Total for a 24-hour period.
Independent Oil and Gas (IOG) has agreed a £15 million loan to help pay for an appraisal well on a southern North Sea field.
Danish conglomerate AP Moller-Maersk said today that it intends to list its drilling subsidiary separately on Nasdaq Copenhagen next year.
Aberdeen’s new £333million conference centre will “without question” boost hotels hit by the oil downturn, according to its managing director.
Respol Sinopec Resources UK (RSRUK) has become the latest North Sea operator to announce it is reviewing 3/3 offshore rotas.
Middle Eastern energy and petrochemicals giant Saudi Aramco has backed a north-east developer of pioneering oil field technology.