The UK Government’s upcoming energy white paper should give “serious consideration” to a proposed £100m decommissioning loan fund, according to a petroleum economist.
Neptune Energy has announced plans to adopt new cloud based technologies in an effort to improve efficiency and significantly reduce non-productive time.
The Oil and Gas Authority (OGA) has pitched a £100m loan fund to the UK Government to stimulate North Sea decommissioning activity.
Forecasts for North Sea decommissioning spending over the next two years have been cut by half a billion pounds by Oil and Gas UK (OGUK).
Westwood Global Energy reports that as of April 28 there were no exploration and appraisal (E&A) wells active in the UK. In light of the Covid-19 pandemic and subsequent oil price crash, there has been a large number of E&A wells deferred from 2020 to 2021.
Pressure on oil and gas well infrastructure continues to be challenged by ever increasing global demand.
Westwood Global Energy reports that there were three active exploration wells at the time of writing(April 30).
Westwood Global Energy reports that at the end of April, three exploration wells were active, with two in the West of Shetlands and one in the Central North Sea.
Westwood Global Energy reports that at the end of January three exploration wells were drilling on the UKCS: one in the northern North Sea and two in the central North Sea.
Lundin Petroleum has kick-started appraisal drilling on the Edvard Grieg field and the Gohta discovery.
Another year brings another round of orphaned oil and gas wells that need to be plugged by the Railroad Commission of Texas, the agency that regulates oil and gas in the state.
The Energy Information Agency (EIA) has provided fresh data on the number of drilled but uncompleted wells (DUCs) in the US.
Wintershall Norge's North Sea wildcat wells yielded mix results.
The US State of California has shut down 33 oilfield wells which were allegedly improperly permitted to inject into federally protected water supplies. The move was put into effect late last week affecting oilfield injection wells in the state’s Kern County.