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