The huge Johan Sverdrup oilfield in Norway’s North Sea is already producing 350,000 barrels of oil per day, two months after coming on stream, a senior executive at Equinor, the Continue Reading
The uncertainty of the future of Brexit has left the United Kingdom’s economy in stagnation as business investment falters on the eve of the nation’s December general election. While Boris Continue Reading
Norway’s energy giant Equinor has made one of this year’s biggest discoveries in the North Sea estimated to contain up to 100 million barrels of oil equivalent in the most Continue Reading
Norway’s Johan Sverdrup oil field is ramping up production to levels not seen in years in the North Sea. It is one of many changes underway in an industry characterized Continue Reading
US shale won’t be the only beneficiary of higher oil prices if the commitment of OPEC and its Russia-led allies to extend their oil production cuts into March 2020 manages Continue Reading
Ithaca Energy Limited is buying Chevron’s British North Sea oil and gas field interests for $2 billion, the unit of Israel’s Delek Group said on Thursday. Delek said last month Continue Reading
North Sea oil production is struggling, according to independent energy research and intelligence business Rystad Energy. The company’s North Sea oil output forecast – which looks at crude and lease Continue Reading
Crude and lease condensate production in the North Sea is set for lower levels in the summer months, further tightening the global oil market which is already grappling with production Continue Reading
Israel’s Delek Group confirmed on Sunday it submitted a proposal through its Ithaca unit to buy Chevron’s oil and gas fields in the British North Sea. Last week Reuters reported Continue Reading
The North Sea is a mature oil and gas basin, which has seen its fair share of hard times over the last few years. But recent reports show cause for Continue Reading
