North Sea Stella start-up will slash costs to $20 a barrel at Ithaca
Ithaca Energy (LON:IAE) said today that its operating costs would drop to $20 a barrel following first oil from its North Sea Stella field.
Ithaca Energy (LON:IAE) said today that its operating costs would drop to $20 a barrel following first oil from its North Sea Stella field.
The Oil and Gas Authority (OGA) has awarded a total of more than £200,000 to a trio of geoscience companies for projects aimed at boosting offshore exploration.
Petrofac’s chief financial officer will leave the oil service company after being poached by security group G4S.
North Sea oil and gas companies who need help turning projects around quickly would be well advised to look up Kinga Wroblewska.
A community group on the Isle of Lewis has challenged Transocean representatives to face questions from the public about its stricken rig next week.
A consortium of Gazprom and five European allies has withdrawn its application to set up a Polish joint venture to build the Nord Stream 2 pipelines in the Baltic Sea.
Shell’s Nigerian business has declared force majeure for Bonny Light crude oil for the second time in just over a month after a leak led to a pipeline shutdown in the restive Niger Delta, a news report said.
Plans to put a salvage team on board an oil rig grounded on the Western Isles have been called off due to safety fears.
Azerbaijan’s oil production went up 0.7% to 24.7million tonnes in the first half of 2016, while natural gas output rose by 500million cubic metres, according to the country’s statistics committee.
Italian energy firm Eni is in talks with four companies over the sale of 20% of its Zohr gas field in Egypt, a news report said, citing unidentified banking sources.
Protesters blocked access to an oil facility owned by Chevron in Nigeria’s restive Niger Delta earlier this week, a news report said.
China’s biggest energy firm has started installing a fourth gas pipeline between Shaanxi province and Beijing.
The electricity substation for Statoil’s £1.5billion Dudgeon wind farm project has been installed in the North Sea.
Demand for “posh pawn” services among hard-up oil executives is growing steadily in Aberdeen.
Aberdeen International Airport (AIA) suffered another month of disappointing passenger figures in July as the north-east’s economic malaise dragged on.
Marine service company James Fisher and Sons said today it had completed another acquisition after tying up a £10million deal for Hughes Sub Surface Engineering.
Russian state oil company Rosneft set a new daily development drilling record in the first half of this year while its partners in Vietnam discovered a new gas condensate field.
ATR Group, which is merging with another Aberdeen oil and gas company, has won a contract to provide lifting equipment and inspection services to a North Sea major.
Investment manager Riverstone Energy believes oil producers in low-cost basins will continue to perform strongly thanks to good fundamentals and a dip in North American drilling activity.
Aberdeen-based Parkmead Group has “tonnes of firepower” left for acquisitions after doubling its stakes in two North Sea fields, the oil and gas firm’s boss said yesterday.
Second quarter profits were flat at Dana Gas as low oil prices hit earnings, the UAE-based energy firm said today.
The oil rig grounded off the Western Isles has developed a leak, leading to fears of a serious oil spill.
The backers of an urban community hydro energy scheme in Aberdeen have launched a bid to raise £500,000 from local investors.
Environmentalists have claimed that the high winds which struck Scotland last Sunday were strong enough to power the equivalent of all Scotland’s electricity needs for the day.
Eighteen finalists will go head-to-head at a revamped event showcasing the champions of oil industry safety in Aberdeen next week.