New projects in UK and Norway not enough to halt European gas drop
Major gas projects coming online in the UK and Norway will not be enough to offset a continued drop in Europe’s supply, according to Wood Mackenzie.
Major gas projects coming online in the UK and Norway will not be enough to offset a continued drop in Europe’s supply, according to Wood Mackenzie.
Bosses at Faroe Petroleum have condemned DNO for repeatedly attacking its exploration track record.
Norwegian firm DNO said this morning that its offer for Faroe Petroleum's remaining shares had become mandatory after increasing its equity to 30%.
Var Energi today hailed its success with the Goliat West appraisal well in the Barents Sea.
Norwegian firm DNO has given Faroe Petroleum shareholders another two weeks to accept its takeover offer after falling short of its target.
Oil had a tumultuous 2018, with prices rising to a four-year high in October before plunging more than $30 in the following months. Oversupply and demand worries are high on the concern list for the industry, making volatility a buzzword this year as well.
Oil retreated from a two-week high as risk appetite faltered after a revival of investor fears over the health of the global economy.
Since operations restarted in October, Cuadrilla has had to pause activity a number of times following tremors at its Preston New Road site in Lancashire, north-west England.
Premier Oil has booked the Ensco 123 rig to drilling two wells in the North Sea, starting in July.
Bosses at DNO have picked apart a report indicating its takeover bid for Faroe Petroleum was too low.
I often speak to people who are concerned about how long the oil industry will last and have the misconception that its demise is just around the corner.
We have 12 years to clean up our carbon act on a global scale or face catastrophic climate change: that was the stark warning from the IPCC in October.
The reduced oil price over the last 2 months (down 20%) is worrying, and it looks like the price could be between $55 and $65 this year.
The board at US oilfield services firm Halliburton has appointed president and chief executive Jeff Miller as its chairman.
The growth of the Gulf Coast’s liquefied natural gas industry is set to accelerate in 2019 as at least three major projects are expected to get the go-ahead from developers.
It’s a cliché to say that the past year has been one of highs and lows, but in a dynamic industry like renewables it’s a statement that’s rarely wrong.
A third of the UK's electricity came from renewables in 2018 as overall power generation fell to its lowest levels since 1994, analysis shows.
Total has started up production from the Egina field off the coast of Nigeria.
In last year’s end of year opinion piece for Energy Voice, I talked about the realignment of the oil and gas industry. I opined that the sector is not in a cycle as we know it, but rather, in a shift of mentality to one that is nimbler, more innovative in attitude with plenty of upside potential.