The UK’s largest oilfield, Buzzard, has resumed output at up to 180,000 barrels of oil per day after a maintenance shutdown, sources said yesterday.
Norwegian subsea construction firm Ocean Installer has picked up a contract with ExxonMobil Exploration and Production Norway for survey and intervention work on the Balder field.
North Sea crude oil output from has been predicted to fall in March for a third month this year due to maintenance work and natural declines.
UKTI, which works with Scottish Development International and Scottish Enterprise, says it is not just oil and gas opportunities that north-east firms can make the most of in Norway.
BP CHIEF executive Bob Dudley said there was a need for realistic patience after the oil and gas giant struggled to impress investors with its long-term plans yesterday.
Energy company Centrica has warned it could keep its Morecambe Bay gas fields shut after planned maintenance as the controversy over the recent tax rise on UK oil and gas production goes on.
PEMEX has made a significant natural gas and condensates discovery in the Mexican sector of the Gulf of Mexico with its wildcat well, Tsimin-1.