The Next Major Challenge For Norway’s Oil Industry
The next challenge for Norway’s oil industry may not come from another oil price crash. It could come from a political uncertainty over which new areas Western Europe’s biggest oil Continue Reading
New oil from British North Sea expected by 2021
First oil from the second phase of the Buzzard field in the British waters of the North Sea is expected in three years, a partnership announced. Nexen leads a partnership Continue Reading
Equinor moves rig to Norwegian field slated for 2019 startup
The Norwegian government gave Equinor consent to start production drilling in an oil field in the Norwegian Sea set for a production start next year. “We have given Equinor consent Continue Reading
Work stoppage begins at Total platforms
An offshore union said Monday that production at three North Sea platforms operated by Total was shut down as a result of a labor strike. “We can confirm that the Continue Reading
The Reported Death of Peak Oil Has Been Greatly Exaggerated
It was expected by many, me included but more importantly UKOGA and a couple of the bigger oil and gas consultancies, that UK offshore oil production would increase significantly from Continue Reading
Exclusive: France’s Total prepares sale of $1.5 billion of UK North Sea fields
France’s Total is set to sell a third of its stake in Laggan Tormore gas field along with other oil and gas assets in Britain’s North Sea that could fetch Continue Reading
Chevron starts sale of several North Sea oil and gas fields
Chevron has kicked off the sale of a number of its oil and gas fields in the ageing North Sea as part of a review of the U.S. giant’s European Continue Reading
Oil majors double down in UK West of Shetland area
The international majors are sharpening their UK focus on the more prospective west of Shetland area, with BP raising its stake in the Clair field and Chevron hoping to sell Continue Reading
More oil found in Norwegian waters of the North Sea
A Norwegian government regulator said Friday it confirmed an oil discovery was made in untested waters in the central part of the North Sea. The Norwegian Petroleum Directorate, the nation’s Continue Reading
Johan Sverdrup topside heads to North Sea
A component of a drilling platform for the development of the Johan Sverdrup oil field in the North Sea is on its way to its final destination, Equinor stated. The Continue Reading
The UK North Sea Is Back With Successful Oil Licensing Round
The UK Oil and Gas Authority (OGA) awarded on Wednesday 123 licenses over 229 blocks or part-blocks to 61 companies in the 30th Offshore Licensing Round in the UK North Continue Reading
Norway’s Statoil selling off assets in North Sea
Norwegian energy company Statoil explains sale of non-core assets in the North Sea as part of an effort to focus on greener options. After reporting first quarter earnings below analyst Continue Reading
UK’s Tullow to halt UK natural gas production in Q3 as fields reach life-end
The UK’s Tullow Oil said Wednesday it would cease all natural gas output from its assets in the UK Southern North Sea in the third quarter of this year in Continue Reading
Transocean rig continues North Sea tour
A Transocean rig will be moving from an exploration well in the North Sea to frontier territory near existing oil and gas discoveries, Norway’s government said. The Norwegian Petroleum Directorate, Continue Reading
No luck in latest North Sea oil and gas search
A drilling facility in the Norwegian waters of the North Sea is moving on to frontier territory after coming up empty-handed, a partner in the effort said. Regional explorer Aker Continue Reading
‘Significant’ gas discovery made offshore Norway
New natural gas discoveries on the Norwegian continental shelf could hold “significant” quantities of reserves, a subsidiary of Austria’s OMV said Wednesday. The Norwegian subsidiary said it made discoveries at Continue Reading
Total Deploys First Robots To North Sea
In a world-first, French Total is set to deploy groundbreaking autonomous robots to a North Sea oil platform to test the machines in operational inspections at the facility. The 18-month Continue Reading
UK North Sea Oil Production Set To Resume Decline In 2019
UK North Sea’s oil production is expected to revert to a decline again next year, after a brief period of growth since 2015, according to consultants at Bernstein. Since peaking Continue Reading
Apache Makes Another North Sea Oil Discovery
The Garten discovery is just a few miles away from the Beryl Alpha platform, which will began extracting fuel from the site by 2019. Since 2015, explorers have struck the Continue Reading
North Sea Oil Has Escaped Its Death Spiral
The oil industry is expected to increase spending in the North Sea and the number of projects that could receive a greenlight is set to rise this year for the Continue Reading
Statoil shows its commitment to British offshore exploration
Three new wells are planned as part of a multi-million-dollar drilling campaign that includes testing a new oil discovery made in British waters, Statoil said. Nearly $40 million in drilling Continue Reading
Shell OKs first UK North Sea project in six years
Royal Dutch Shell gave the green light on Monday for an expansion of the Penguins oil and gas field in the UK North Sea, its first major new project in Continue Reading
North Sea industries could adapt and thrive during oil field maturation
Tearing down the infrastructure from aging North Sea oil and gas fields could generate a stream of revenue for the industry as a whole, a consultant group said. Royal Dutch Continue Reading
North Sea oil production could be higher this year
Total British offshore oil and gas production was up from 2016 and even more, is expected as the Catcher field in the North Sea ramps up, Premiere Oil said. Premiere Continue Reading
North Sea decommissioning sparks paperwork questions
With decommissioning of some of the aging infrastructure in the North Sea underway, a trade group is making plans for what to do with all the paperwork. “Over the 40-plus Continue Reading
Oil treading water even as Forties pipeline system returns to life
Oil prices started the trading day Thursday in static territory after pipeline operator Ineos said restrictions on a major North Sea network were lifted. “All restrictions on the flow of Continue Reading
All restrictions on Forties pipeline system lifted
Any limitations to the flow of oil and natural gas from the North Sea to the Forties pipeline system are now lifted, system operator Ineos said Thursday. Ineos shut down Continue Reading
New oil coming out of North Sea
Tens of thousands of barrels of new oil are now coming from the Catcher development off the northeast coast of Scotland, Premiere Oil said Wednesday. Premiere said initial production from Continue Reading
Forties Starts Pumping At 50% Capacity
The Forties pipeline system in the North Sea has begun pumping crude oil at half of its normal capacity, an unnamed source from the trading circles told Reuters. The Forties Continue Reading
Oil, Gas Firms Could Lose Millions Due to Forties Pipeline Shutdown
Oil and gas firms could lose millions of dollars in the event of a prolonged shut down of the Forties Pipeline System, oil and gas analysts at GMP FirstEnergy have Continue Reading
Statoil, Shell and Total to store CO2 offshore Norway
Norwegian energy company Statoil said Monday it was leading a partnership aimed at advancing Paris climate efforts through carbon capture and storage. Statoil said it would lead a project alongside Continue Reading
Sources: UK Forties Oil Output Below Plan, Delaying Some Cargoes
The North Sea Forties crude stream is pumping less oil than expected, leading to delays in the loading of some cargoes of the crude, two trade sources say. LONDON, Aug Continue Reading
Total overtakes Shell in North Sea where appetite for assets remains high
French oil major Total ( TOTF.PA ) has overtaken rival Royal Dutch Shell ( RDSa.L ) to become the second-largest producer in the North Sea with its acquisition of Maersk’s Continue Reading