Oil and gas operator Apache North Sea said yesterday it would invest nearly £39million to develop a new project close to its giant Forties field.
An annual review of the oil and gas exploration and production (E&P) sector by market analyst Wood Mackenzie found high oil prices and constructive tax talks between the UK Government and industry had increased investor confidence.
The £700million Kinnoull project which will extend the life of a North Sea installation by a decade has moved a step forward.
The Falklands seem to be rarely out of the news, whether it be the latest Argentine claim to the south Atlantic islands or news on the area's emerging oil industry. Gavin Farquhar, of law firm Pinsent Masons' gives his view.
Start up on the ConocoPhillips-operated central North Sea Jasmine field is now not expected until 2013.
BG Group said today it had started its first production from the Norwegian Continental Shelf.
A group of oil and gas service firms exhibited their technology at an event near Aberdeen last night.
Believe the numbers and Europe possesses around 1,780trillion cu.ft of "unconventional" gas of which 145TCF may be recoverable, according to Centrica.
KBR has been awarded a contract to execute the topsides detailed design for Total's CLOV floating production, storage and offloading vessel (FPSO).
The boss of North Sea operator Sterling Resources said yesterday he was hopeful about the potential of the Cladhan prospect amid speculation it could contain between 100million and 200million barrels of oil.
A third significant UK North Sea oil discovery in as many months will be announced this week, according to a report yesterday.
NORWAY'S Statoil has awarded Aibel a £250million (2.7billion NOK) contract to build the topsides for the Gudrun platform in the Norwegian sector of the North Sea.
A group of companies has made what could be one of the biggest North Sea oil discoveries in nearly a decade.
Rockhopper Exploration said yesterday it had raised £48.5million before expenses in a share placing.
Rockhopper Exploration saw its shares soar yesterday after it upgraded its estimates for its Sea Lion oil find and said there was a possibility of further upgrades.
Venture Production yesterday revealed that results from an exploration well on its 100%-owned Andrea gas prospect in the southern North Sea were disappointing.
Venture Production, the Aberdeen oil and gas operator, said yesterday it now believed the Cygnus discovery would prove to be one of the UK's largest remaining undeveloped gas fields.
ROCKHOPPER Exploration, the South Atlantic oil and gas explorer, said yesterday it had increased its estimates of recoverable reserves in two licences in the North Falklands Basin from 1.2billion to 1.8billion barrels of oil.
StatoilHydro's latest appraisal of its North Sea Dagny discovery on block 15/5 indicates that the field holds reserves in the range 130-170million barrels oil equivalent.
Venture Production said yesterday it was to acquire additional interests in the Cygnus, Kepler, Copernicus and Humphrey gas discoveries plus interests in three exploration blocks.
This was a very badly kept secret - at last Arcadia Petroleum has Falkland Islands government approval to farm into North Falklands Basin Tranches C and I.
BP IS at last poised to start development of its Liberty field offshore Alaska, three years after making the decision to press ahead and 11 years following discovery in 1997.
Up to four floating production ships (FPSOs) may be needed for the huge Jubilee multi-fields project offshore Ghana, according to Bob Daniel, Anadarko senior VP worldwide exploration.