Disused Irish Sea gas platforms to be removed by world’s largest vessel
A pair of disused gas installations in Morecambe Bay are to be removed by the largest vessel in the world this year.
gas production
Aberdeen University nanotechnology project to boost North Sea gas production
Scientists at Aberdeen University are developing a new production method that could be a “game-changer” for North Sea gas.
Solo Oil welcomes first gas production at Kiliwani
Solo Oil expects to reach its expected offtake rate from the Kiliwani North production operations in Tanzania later this year.
Regal Petroleum gets tax break in Ukraine
Regal Petroleum will pay less on its gas production in the Ukraine after the government decided to halt an emergency tax rate on the country's oil and gas production.
Earthquake concerns prompt Dutch court to order cuts at gas field
A Dutch court has ordered more cuts in gas production at Groningen, Europe's largest gas field, saying the government had given too little consideration to the stronger and more frequent earthquakes extraction had caused.
Petronas to take first steps in Brazil with $850million deal
Malaysian Petroliam Nasional (Petronas) said today it had agreed a $850million (£550million) deal with Brazil's OGX Petroleo e Gas for a 40% stake in a Brazilian offshore oil field.
US official looking at tax issues
Alaskan governor Sean Parnell visited firms in Aberdeen yesterday to learn how they were affected by changes to the North Sea tax regime.
Asco eyes key role in running ‘superport’
Oil and gas logistics firm Asco Group is involved in a potentially-lucrative project to develop a new port in Brazil.
Elgin restart imminent – Total boss
Total chief executive Christophe de Margerie reiterated yesterday that its Elgin platform in the UK North Sea would restart gas production within days or weeks
North Sea output ‘set to revive’
North Sea oil and gas production is expected to bounce back in the next few years following high investment in offshore developments, an industry expert said last night.
Argentina plans $37bn five-year shale campaign
YPF is hiring from Nabors Industries of the US and Chinese energy major Sinopec a fleet of 14 drilling rigs to be employed in Argentina's shale exploration programme.
Oil and gas fields’ value stressed
Chancellor George Osborne has received a stark reminder of the oil and gas sector's importance to the UK economy after a dip in North Sea output led to a shock rise in Treasury borrowing.
New projects boosting Endeavour’s output
North Sea producer Endeavour International yesterday said a boost in output seen in the second quarter was due to continue as new projects continued to come on stream.
Norwegian government stands neutral on strike
Norway will not intervene in a strike by the country's oil workers unless the conflict escalates significantly, labour minister Hanne Bjurstroem said today.
North Sea firms’ confidence soars
Confidence among oil and gas firms in the North Sea jumped to the highest level since 2009 after a boost from the Budget, it will be revealed today.
Shah Deniz II is important milestone
The Shah Deniz consortium has reached an important milestone and approved the decision to start front end engineering and design (FEED) on the estimated $25billion Shah Deniz Stage 2 project.
Power giants relaxed about debate
Two international energy giants said the debate over Scotland's constitutional future is not affecting their investment plans.
Apex lands work worth more than £9m
Aberdeen-based Apex Tubulars, which supplies casing and tubing to the oil industry, revealed yesterday it had landed international contracts worth more than £9million.
North Sea could still be worth £1tn – Ewing
The North Sea could still contain more than £1trillion-worth of oil and gas, Energy Minister Fergus Ewing has said.
Wintershall becomes gas producer on UKCS
German oil and gas firm Wintershall has said it has now launched gas production from the Wingate field - its first gas production as operator in the UK North Sea.
Osborne North Sea tax raid could cost oil sector £50bn
A top energy expert has warned that Chancellor George Osborne's North Sea tax raid could cost the offshore industry more than £50billion.
A disturbing Budget
In this month's edition of Energy, I had planned to tell you of the new and exciting approaches being taken by the diverse range of companies that have been attracted to invest in the UK Continental Shelf.
The future of oil&gas in the UK
A decade ago, oil&gas production in the UK stood at 4.5million barrels oil equivalent per day. Last year, that figure was 2.5mmboed. The UK Continental Shelf (UKCS) is in decline, but the UK oil&gas industry is most certainly not.
2010 critical year for the UKCS
This will be a critical year for the UK sector of the North Sea (UKCS). Output is currently declining at worrying rates. The latest statistics from the Department of Energy and Climate Change (DECC) show UKCS oil production falling at an annual rate of minus 5% and gas production at a massive minus 16%.
Oil behemoth PetroChina set for $60billion shopping spree
PETROCHINA, the world's largest oil company by market value, intends to invest a minimum of $60billion in acquisitions outside China between now and 2020, according to its chairman, Jiang Jiemin.