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
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
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
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
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 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
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
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
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 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
