No panacea to North Sea exploration woes, says industry veteran Phil Kirk
There is no simple panacea for solving rock bottom levels of exploration in the North Sea, according to industry veteran Phil Kirk.
There is no simple panacea for solving rock bottom levels of exploration in the North Sea, according to industry veteran Phil Kirk.
An Aberdeen firm which is getting ready to supply a groundbreaking piece of kit for one of the North Sea’s biggest projects is on track to return to growth this year, its boss said yesterday. Revenues at Aquatic Engineering and Construction were down by about a quarter last year as the firm, like most of its rivals, took a hit from the oil and gas downturn. But Aquatic’s early moves to restructure the business and a busy start to 2016 have boosted the company, which specialises in back deck reels.
Global exploration drilling during 2016 is forecast to be down by 73% on the 2014 level, with discovered oil volumes hitting their lowest point this decade.
The offshore worker said he relived how it felt to “fall from the sky” when he heard 13 people had been killed in an accident offshore Norway.
Xcite Energy is said to be running out of time to find a partner to get the first phase of its planned Bentley heavy oil field development in the North Sea is and running.
Engie E&P Norge has received consent to drill an exploration well in block 36/7 in the North Sea.
Faroe Petroleum has kick-started drilling on its latest North Sea well.
Wood Group has landed master services agreement (MSA) with Statoil.
The struggling oil and gas industry could unlock £1billion worth of revenues by developing new techniques for inspecting offshore infrastructure, a new report says. The study said companies’ efforts to check installations for corrosion and inspect vessels used to extract oil and gas were being hindered by technology gaps, which were lowering efficiency and increasing costs. It set out to identify new and existing technologies which could cut costs associated with these two key areas of asset integrity, without compromising on safety.
Wintershall Norge's North Sea wildcat wells yielded mix results.
Entries have opened for the Press and Journal’s second annual Gold Awards.
This year the Gold Awards in association with Aberdeen Asset Management presents eight awards categories. These are:
BP is considering the sale of a minority stake in the Forties pipeline, one of the most important pieces of oil infrastructure in the U.K. North Sea, according to sources close to the matter.
EnQuest expects to deliver its full year production guidance this year citing improved performance from its North Sea assets as a major factor in the increase.
Scottish independent exploration firm Faroe Petroleum has been granted a drilling permit from Norwegian authorities for North Sea wildcat well.
Petrofac has landed a North Sea contract win with Total, securing the future of 150 jobs.
Two energy giants have distanced themselves from rumours of another $17billion mega-merger as the low oil price environment creates a febrile environment for takeover speculation.
Oil and gas operators have seen a 15% reduction in their UK-based headcount over the past 12 months – and they expect a further decline of 17% in the year ahead.
An offshore helicopter heading to Aberdeen carrying 18 people was forced to make an emergency landing today.
Norwegian authorities have ordered Statoil to report on how it will make improvements to processes on its Gullfaks A platform after an audit revealed a number of non-conformities incluiding a chemicals related health risk.
Faroe Petroleum is the latest company to be linked to a possible swoop on any North Sea assets put up for sale by Shell.
North Sea firm Ithaca Energy said it remains on schedule to deliver first oil from its flagship Stella field in the North Sea later this year more than doubling production to 20-25,000 barrels of oil equivalent per day.
Investigators said a North Sea helicopter flight which crashed killing 13 people dropped 2000ft from the sky when its main rotor head and mast suddenly detached.
David Cameron today vowed his government would “never wash our hands” of the North Sea as he urged businesses to collaborate to maintain safety while keeping costs under control.
This week, the Energy Bill was agreed by both Houses and has now received royal assent. Want to find out more and what this means for the OGA?