Exxon Mobil announces new Guyana discovery as first production looms
Exxon Mobil said Monday it made another discovery offshore of Guyana, increasing its potential resource base as first production looms in early 2020.
Oil & Gas
OCA hopes to head off future pay disputes by ‘engaging’ with workers
The Offshore Contractors Association (OCA) has pledged better "engagement" with the North Sea workforce to avoid future pay disputes.
Society of Petroleum Engineers appoints new Aberdeen chairman
Aberdeen’s Society of Petroleum Engineers (SPE) has announced the appointment of a new chairman.
Oil price spike a welcome but short-lived boost for North Sea, Prof Kemp says
The oil price spike caused by a drone attack on a major Saudi processing facility will provide a welcome − but short-lived − boost to North Sea revenues, a prominent petroleum economist said today.
Magnolia LNG lined up for Vietnam supplies
The Australian developer of a US-based liquefaction project is working on plans to supply an LNG-to-power project in Vietnam.
Repsol incident on Gyda platform ‘could have resulted in loss of life’
An incident on Repsol's Gyda platform "could have resulted in loss of human life" after one person was injured when a dropped object caused a worker to fall, the Petroleum Safety Authority Norway (PSA) said today.
Vaalco sets out London IPO move
Vaalco Energy has set out formal plans to list on the London Stock Exchange’s main market. The listing should take place by September 30.
Niger-Benin pipe plan moving ahead
China National Petroleum Corp. (CNPC) signed a transportation convention with Niger on September 15.
Oil skyrockets after attack cuts Saudi Arabian supply
Oil posted its biggest ever intraday jump to more than $71 a barrel after a strike on a Saudi Arabian oil facility removed about 5% of global supplies, an attack the U.S. has blamed on Iran.
Zennor pushing forward with new central North Sea gas projects
Zennor Petroleum is “pushing forward” with plans for two more central North Sea projects which would follow on from the firm’s Finlaggan development.
EnQuest outlines plans for landing Eagle field
EnQuest has taken a step forward on the path to first oil from the Eagle field, which was the subject of a dispute with Dana Petroleum in 2016-17.
Consolidation the answer for bloated supply chain, Simmons boss says
The recovery of the north-east’s oil and gas industry has not been “spectacular” despite a flurry of M&A activity in the first six months of the year, an industry expert has said.
Tullow makes back-to-back discoveries in Guyana
Tullow Oil said today that its Joe-1 exploration well had opened a new "upper tertiary" oil play in the Guyana basin.
Oilex in deal to buy stakes in East Irish Sea discoveries
Australian firm Oilex has entered into an exclusivity agreement with Koru Energy to buy up to a 50% of the Knox and Lowry, and Whitbeck gas discoveries in the East Irish Sea.
Updated: Cluff, Shell working towards Selene investment call later this year
Pre-tax losses widened at Cluff Natural Resources (CLNR) in a first-half marked by flagship deals with energy giant Shell on its southern North Sea licences.
Majors on the wrong track for emission action
The largest listed oil and gas producers are moving in the wrong direction, according to a new report from Redburn, “Lost in Transition”.
Hurricane delivers boost for Crystal Amber
One of the institutional investors backing oil firm Hurricane Energy said yesterday it had received a £17.9 million boost from the North Sea oil firm’s “year of great achievement”.
Tributes as partner retires after decades
Raeburn Christie Clark & Wallace (RCCW) has announced the retirement of partner Stewart Smith after nearly three decades with the law firm.
AAB wins £800k of new upstream business
Anderson Anderson & Brown (AAB) has experienced an uplift in demand for its services in the upstream exploration and production (E&P) sector.
Drilling firms look to win back wary investors after ‘horrible’ year
Offshore drilling executives are trying to win back investors who have fled their stocks over the past year, insisting that a protracted recovery is gaining momentum.
Attacks on Saudi oil facilities knocked out half of supply
Saudi Arabia's energy minister has confirmed that drone attacks on its oil facilities knocked out about 50% of the country's production.
Houthi rebels claim drone attack on Saudi oil plant
Drones claimed by Yemen's Houthi rebels have attacked the world's largest oil processing facility in Saudi Arabia and a major oilfield operated by Saudi Aramco.
NEOT seizes opportunity with Kairos bunkering
Finland’s NEOT has become the first company to bunker LNG from the Kairos vessel, in Sweden’s Port of Södertälje.
Evacuations as fire breaks out on tanker at Sture terminal
Norwegian energy firm Equinor has confirmed that evacuations have taken place as a result of a fire that broke out on board a tanker moored at the Sture terminal.
Bilfinger concerned over potential labour shortage within ‘two or three years’
The head of Bilfinger has said an industry labour shortage, which could materialise in “two or three years”, is among his main concerns for the oil and gas sector.