Fyne news: Oil field project hits key regulatory milestone
The Fyne oil field, which is being developed by Rapid Oil, Ping Petroleum and Hibiscus Petroleum, has moved from the assessment phase into the authorisation phase.
The Fyne oil field, which is being developed by Rapid Oil, Ping Petroleum and Hibiscus Petroleum, has moved from the assessment phase into the authorisation phase.
By Michael BehrInvestors in French oil major TotalEnergies (LON: TTE) will call for the division of the role of CEO and chairperson of the company, claiming this could speed up its transition towards clean energy.
First-of-its kind case leads to landmark climate ruling, which is likely to have ramifications across Europe.
UK Oil & Gas tripled its resource base overnight after Xodus pegged its Arreton prospects to contain 219 million barrels.
Energy giant SSE is to cut its standard gas prices by 5.3% in the latest move by a Big Six supplier to reduce tariffs.
Oil major BP said it will reduce its headcount by 210 positions in Norway in the next two years. The move comes after 166 job losses last year.
Prosep said it has appointed a new sales manager in Norway.
Wintershall has delayed a decision on a concept selection for its Skarfjell project off the coast of Norway.
China’s government has approved Shell’s £47billion takeover of BG Group, a Ministry of Commerce spokesman has confirmed. This means that Shell has passed the last anti-monopoly review prior to the completion of the acquisition. Shell is expected to account for some 30% of China’s total natural gas imports by 2017, according to available statistics.
Tapping Germany's shale gas and oil without damaging drinking water is possible, although the size of reserves is slightly smaller than previously estimated, the author of a federal study said today.
Oil tanker berthings at the Sullom Voe oil terminal in Shetland have been suspended until at least the early hours of tomorrow morning because of high winds, port authority and trade sources said today.
Oil major Shell’s Corrib gas project was officially opened in Co Mayo yesterday by the Minister of State for Natural Resources.
Statoil is remaining tight-lipped about how many people have applied for voluntary redundancy with the company. Last year the Norwegian operator revealed it had offered the packages to its Norwegian staff.
Repsol has sold its piped gas business in the north of Spain to EDP Group and Gas Extremadura for €136million.
Aker Solutions landed deal with Statoil for its Johan Castberg oil field development in the Barents Sea.
The founder of an Aberdeen corrosion company has joined forces with a larger Norwegian group as part of a global expansion plan. Allan Durham, the owner and managing director of Corrosion Solutions (CSL) has completed the sale of the business he founded in 1998 to Stavanger-based Presserv. The value of the transaction was not disclosed.
The newly-elected Canadian Prime Minister Justin Trudeau has called on Hollywood actor Leonardo DiCaprio to tone down his “inflammatory rhetoric” on climate change. The politician made his remarks after the Oscar-nominee hit out at the “corporate greed” od the oil and gas industry.
Lundin Petroleum said it has commenced drilling of exploration well 16/4-10 on the Fosen prospect. The well is 27km south of the Edvard Grieg field and 11km south of the Luno II discovery on the Norwegian Continental Shelf.
Statoil’s chief executive Eldar Saetre said he “can’t afford the $100 way of thinking” as oil prices continue to decline. The boss of the Norwegian operator said oil companies have become too accustomed to a high oil price.
Aker Solutions today confirmed it had launched a five-month test programme for its carbon capture scheme in Norway.
JKX has blocked a pair of companies from attending or voting at is general meeting.
JKX Oil & Gas has been granted a further three licences in Hungary. The company said they will be three 35-year production licences covering an additional area of 124sq km within its original Hernad I and II exploration licence areas.
Gazprom has warned the EU of a wide-scale gas market crisis and underinvestment amid falling commodity prices unless Brussels revises its "contradictory" energy policies.
Faroe Petroleum said it has been awarded six new exploration licenses in Norway. The company said it includes two operatorships under the 2015 Norwegian APA licence round.
JKX Oil & Gas has received backing from corporate governance specialist ISS in rejecting all resolutions proposed by Proxima Capital Group which is accused of trying to "seize control" of the company.
Eni has been given conditional consent to start using its Goliat FPSO (floating, production, storage and offloading) vessel by the Norwegian Petroleum Safety Authority.
Norwegian operator Statoil has decided to develop its Johan Castberg discovery in the Barents Sea using an FPSO (floating, storage and offloading vessel). The company’s chief executive Eldar Saetre told a seminar in Norway that the planned concept would work well in moving the project forward at a lower cost.
Norwegian operator Statoil is looking to reactivate a suspended rig to carry out well plugging work in the North Sea. The Scarabeo 5 had previously been suspended by the company from October last year.