An Aberdeen MP has written to Secretary of State Amber Rudd over the Brae Alpha platform leak in the North Sea. Aberdeen West politician Callum McCaig has called for more powers to be given to the Oil and Gas Authority (OGA) and the Health and Safety Executive (HSE) to allow operators to be hit with sanctions.
Investment firm Prospex Oil & Gas has agreed its first conditional acquisition since converting into an AIM investing company in April last year with a deal to buy a 49% stake in Hutton Poland.
Lundin Petroleum has commenced drilling of the Bambazon exploration well offshore East Malaysia. The company said the well, in Block SB307/SB308, is in shallow water and lies to the north of a major producing field.
Statoil has signed new agreements with OneSubsea and Aker Solutions. The Norwegian operator said the agreement signed form the basis for potential new EPC contract for subsea equipment in the medium term future.
Norway’s central bank can probably sit out the global currency war that is now at its doorstep. Even a potential intervention in neighboring Sweden is unlikely to boost the Norwegian krone as a deepening rout in Brent crude drags down the currency of western Europe’s biggest crude producer. “At the end of the day, the Norwegian krone is oil- fixated,” said Daragh Maher, head of currency strategy for HSBC in New York. “Really, the issue is whether the oil price can find a bottom.”
Cue Energy Resources said it has spudded the Naga Selatan-2 well in Indonesia. The company said the well, which is within the Mahakam Hilir PSC in the Kutai Basin, is being drilled to a depth of 2240feet.
Bowleven said it has now wrapped up an extended flow testing programme at Moambe and Zingana. The Africa focused oil and gas explorer said the results continue to support plans for around five to six mmscfd of gas for power generation under a development scheme with Actis and Eneo in Cameroon.
Oil pioneer Algy Cluff said the North Sea is on the cusp of a renaissance after heralding his company’s plans to divert more of its resources to the area. Mr Cluff said Cluff Natural Resources had already made rapid progress in developing its five conventional oil and gas licences in the southern North Sea, aided by a collaborative agreement with energy service giant Halliburton.
Saudi Arabia, one of the most tradition- bound societies on the planet, where family structure and tribal patriarchy differ little from a century ago, is suddenly in a hurry. It has done more in the past week than in most years. Over eight days, it has executed dozens of militants, severed ties with Iran and announced numerous steps for a radical rollback of the state that may include privatizing oil giant Saudi Aramco, among the world’s largest companies.
Labour Leader Jeremy Corbyn has said he is “open-minded” on the issue of tax relief for the North Sea sector. He told Energy Voice's sister publication the Press and Journal yesterday he had not made a decision, adding: “I need to look at that.
Statoil has evacuated workers from its Karsto processing plant after a suspected gas leak.
Energy minister Andrea Leadsom has revealed "further fiscal measures" to support the oil and gas industry are "on the table" - prompting speculation of a positive announcement in the Budget.
The owners of the accommodation rig stuck in the North Sea after breaking its tow line in a storm remain unable to get it moving for another day after bad weather continues to prevent any attempt to get a new line aboard.
A rig which was battered by huge waves in the Norwegian North Sea leaving one worker dead and two injured had not been tested for the impact of a wave.
The Brae Alpha platform has moved into its thirteenth day in shut down as an investigation continue into the cause of a gas leak.
Saudi Arabia is said to be reviewing an IPO (Initial Public offering) with a decision expected to take place in the coming months.
Statoil ASA, Norway’s biggest energy company, said an oil rout that’s pushed prices to a 12-year low may still get worse.
Partners in the Leviathan natural gas site in Israel are said to be in talks to supply gas to a number of companies in the region. A statement to the Tel Aviv Stock Exchange showed a message from units of Delek Group which said the firms were private electricity producers and industrial companies.
Statoil has reportedly applied for an exclusion zone around its Njord field in Norway.
Fracking should not be continually viewed as “some kind of disaster”, an energy minister has said amid warnings that it is widely opposed across Britain.
A ballot on whether North Sea workers should accept new conditions put forward by member companies of the OCA (Offshore Contractors Association) will close tomorrow. It comes after revised proposals were put forward after talks were held with Unite, the OCA and ACAS (Advisory, Conciliation and Arbitration Service).
Canadian Natural Resources' Petrojarl Banff FPSO has shutdown production after the installation was battered by a storm in the North Sea.
Buru Energy said it has identified a five metre sandstone interval at the Ungani Far West 1 well in North Western Australia. The company said an oil sample was recovered with interpretation of pressure data indicating a potential oil column of at least 14 metres with around five metres of net pay. A sampling program is continuing with results expected to be on going.
JKX Oil & Gas said it welcomed the Ukraine government's decision to cut gas production tax in the country to 29% from 55%.
Northcote Energy said it continues to review the terms of awards for potential Mexican opportunities with MX Oil.