LUNDIN has started the process of assessing potential farm-in partners for its SW Heather discovery in the UK Northern North Sea.
Oil & Gas
UKCS oil & gas production has been falling dramatically; however, the impact of that has largely been hidden by the beneficial effects of healthy commodity prices - at least to the industry and Government, if not consumers.
Fifty billion dollars will be needed to get Iraq's oil industry back on its feet - $40billion for developing already discovered, but undeveloped, oilfields, and $10billion for exploration.
FUGRO-ROVTECH, created as a result of the growth in the subsea sector and the strength in inspection services, is gathering momentum in its second year of operations.
A large number of new UK and international jobs will be created this year as Petrofac's mature oil&gas assets (brownfield) business accelerates and internationalises.
SCOMI Oiltools is planning to invest in the order of $20million on upgrading its Europe headquarters in Aberdeen over the next two years, with at least 50 new jobs likely as a result.
I GAVE up forecasting oil prices a few years ago. From the economic perspective, the equilibrium price - with demand and supply in balance - was then about $15 per barrel. It fell to about $10, which caused serious problems for many producers, not least in the North Sea, but has never been near that level since.
PETRO-CANADA has apparently made a significant natural gas discovery in offshore Tobago deepwater block 22.
A FORMER Norman Broadbent director, Jon Glesinger, has launched a radically different people business dedicated to harnessing the expertise of people who have retired from the oil&gas patch.
"I SAID I'd come for two, but it's been three-and-a-half years. I've done my time," says Pridden, who intends to stay at the helm until a suitable successor is found.
THE Estonian Maritime Administration has awarded a contract to Aker Arctic Technology of Helsinki, Finland, for designing a new multipurpose icebreaker that will be capable of functioning as an offshore support vessel out of season.
PETROBRAS has revealed that it has made a significant gas and condensate field discovery in the pre-salt layer in block BM-S-24 of the ultra-deepwater Santos Basin.
BAE Systems is marshalling its forces to break into upstream oil&gas, with an armoury of technologies and systems that could have a major beneficial impact offshore.
INDEPENDENTS Chrysaor and Faroe Petroleum are each planning critical appraisal wells this summer that could, if successful, lead to two new UK Atlantic Frontier developments - Solan and Freya.
Waves pound a trawler at St Kilda, in the Western Isles, yesterday. Her crew are safe thanks to the heroic efforts of coastguard helicopter rescuers. Page 13
Scottish Power today imposed inflation-busting price increases on its customers - the fourth major energy supplier to do so in four weeks.
Former colleagues of the scientist credited with creating Dolly the Sheep have urged the Queen to strip him of his knighthood over claims he played a minor role in the cloning breakthrough.
Snowstorms and gales caused havoc in the Highlands yesterday.
A heroic helicopter winchman was forced to cling to a stricken trawler as waves crashed over him during the rescue of 14 crew in gale-force winds yesterday.