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