“If you look at the assets that we’ve held the longest, like Thistle, the Dons where we have the (FPSO) Northern Producer, and Heather, we’re having a very good year,” says Enquest’s North Sea president, Neil McCulloch. “We’re doing well on the regulatory side of things too; had inspections around our facilities this year . . . some of the oldest in the North Sea. “While you never get an entirely clean bill of health, we’ve done very well with no prohibition notices, no improvement notices; just some support for the way we go about our business. It’s about doing simple things very well, repeatedly. And that’s a core value at Enquest.
North Sea operator CNOOC confirmed its Golden Eagle Area Development (GEAD) has commenced production. The timetable is in-line with predictions made earlier this year. The Chinese state-run oil group is targeting between 422million and 435million barrels of oil equivalent from its operations this year.
A Super Puma helicopter has made an emergency landing on a North Sea platform.
The UK arm of Dutch energy service firm N-Sea Group said yesterday it had secured work worth a total of more than £100million since a change of ownership at the start of the year.
Collaboration by North Sea states will help tackle Europe’s carbon emissions, an international gathering of CCS (Carbon Capture and Storage) emission experts will hear. The SCCS (Scottish Carbon and Capture Storage) annual conference will tell politicians, industry experts and academics that the combined efforts of the industry could see hundreds of years’ worth of Europe’s carbon emissions stored.
North Sea oil and gas tax would be a "good candidate" for devolution to the Scottish Parliament, experts have said.
Total has agreed to sell off its interests in a number of Norwegian assets for $317million. An agreement has been signed by Total E&P Norge AS to sell off 8% of its shares in the Gina Krog field, together with its interests in the mature fields of Vilje and Vale at 24.23% and 6% share in Morvin to PGNiG Upstream International.
A course to provide English language skills to oil and gas professionals is to start in Aberdeen.
Technip has been awarded a 'substantial' contract for the North Sea Kraken development.
GDF Suez has opened its new flagship Aberdeen office with the announcement of a £20,000 investment in art projects within the North-east. The company’s new offices have opened less than a week after it made a joint announcement with BP regarding the latest discovery in the North Sea.
The Danish Energy Agency (DEA)has received a record number of applications in its seventh licensing round for oil and gas in the North Sea. Applications have been made by several companies who have previously not held licences in Denmark.
The North Sea will soon produce an extra 45,000 barrels of oil a day after start-up on the £700million Kinnoull field, BP chief executive Bob Dudley has announced.
Oil and gas companies are predicting an 18% drop in investments in Norway next year, a bigger decline than factored in by the central bank in June and adding to pressure on interest rates.
An Aberdeenshire-based marine equipment specialist has exceeded its turnover target less than a year after setting-up its Norwegian base.
The Scottish independence campaign has received “a body blow” with new figures showing tax receipts from North Sea oil and gas have dropped by almost a fifth, Treasury Secretary Danny Alexander said.
UK oil and gas production is on track this year to be the best year in more than a decade despite a fall in North Sea output in the three months to June compared to the prior quarter.
It’s only natural to become caught up in your own affairs and put national interests first. But, we must endeavour to keep a European perspective and also an international perspective. This year’s ONS shows we’re not adverse to global workforce sharing. Many delegates are men and women who are already working or becoming fully-fledged energy ex-pats in the likes of Houston, Singapore, Dubai or Perth. I’d like to see the same adventurous spirit closer to home.
The North Sea is of critical importance to Europe’s energy security and transition and must be nurtured, the head of exploration of German petroleum company Wintershall has warned.
A new oil junior, Origo Exploration, has been launched in Stavanger to target opportunities in the Norwegian and UK sectors of the North West Europe Continental Shelf.
Independence supporters have welcomed claims by an Aberdeen University oil expert that the North Sea could be poised for a second major boom.
Trade body Energy North is to host a match-making event in Aberdeen next week in a move to fill skills and supply chain gaps by facilitating partnerships between businesses in the Highlands and Islands and north east.
Scottish software firm Asset Guardian Solutions (AGSL) has won a contract with BP to support the British major's Clair Ridge project in the North Sea.
Crucial issues affecting the North Sea will be examined at this year's ONS.
Spanish oil and gas company Repsol is weighing up a takeover of Canada's Talisman Energy.
A North Sea gas development that was put on hold last year is back on after operator Total slashed costs to "an acceptable level".