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Latest Oil and Gas News

Wood Mackenzie assesses key issues for UK oil & gas sector

Published: Thursday, 18 September 2014 in Oil Industry News.

As Scotland is voting today either to break free from the three centuries old union or stay in it, read below a report titled :”Key considerations for the UK Oil & Gas industry and Scottish Indepe...   (...more...)

Earnings from Scottish Oil Wealth Fund Worth Same As Oil Revenues

Published: Wednesday, 17 September 2014 in Oil Industry News.

A new economic analysis of a potential Scottish Oil or Sovereign Wealth Fund has found that in 24 years Scotland could earn the same annual revenue from an oil fund as current revenues from North Se...   (...more...)

Ithaca's Stella field exceeds expectations

Published: Tuesday, 16 September 2014 in Oil Industry News.

Ithaca Energy Inc. has announced the successful completion of flow test operations on the fourth development well on the Stella field, in the UK North Sea, with the well achieving a flow rate of 12,00...   (...more...)

Norwegian Oil and Gas production up currently by 2% from 2013

Published: Tuesday, 16 September 2014 in Oil Industry News.

The Norwegian Petroleum Directorate has informed that preliminary production figures for August 2014 indicate an average daily production of about 1 842 000 barrels of oil, NGL and condensate.Total ga...   (...more...)

Scottish Oil and Gas Investigation Reveals New Reserves

Published: Monday, 15 September 2014 in Oil Industry News.

Scotland could be sitting on larger oil and gas reserves in the Scottish Firths than currently predicted, a new independent industry investigation has found. The investigation was undertaken by o...   (...more...)

Centrica discovers gas at Pegasus West (UK)

Published: Monday, 15 September 2014 in Oil Industry News.

A gas discovery has been made at the Pegasus West well, offshore UK, Atlantic Petroleum, an exploration company based in Faroe Islands, has informed.The company, which is a partner in the Centrica-ope...   (...more...)

Statoil agrees $1.3 billion Wintershall deal

Published: Friday, 12 September 2014 in Oil Industry News.

Statoil has agreed to sell off stakes in the Aasta Hansteen spar development, the Polarled pipeline, and a discovery neighboring Aasta Hansteen to Germany’s Wintershall in a US$1.3 billion deal. ...   (...more...)

West of the Shetland Solan field facilities successfully installed

Published: Thursday, 11 September 2014 in Oil Industry News.

Premier Oil, a UK-based independent oil and gas company, has announced that the Solan subsea oil storage tank, jacket and topsides have been successfully installed.The offshore hook up and commissioni...   (...more...)

Scottish tidal stream energy project secures major funding packages

Published: Thursday, 11 September 2014 in Oil Industry News.

The owner of a Scottish tidal stream energy project has secured a 398MW, 25-year seabed lease from the Crown Estate, which owns the seabed, for the project. Atlantis owns the MeyGen project, whic...   (...more...)

Onshore oil and gas exploration boom predicted

Published: Thursday, 11 September 2014 in Oil Industry News.

Scotland is on the verge of an onshore oil and gas exploration boom, as shale oil and gas majors, Shell, Chevron, Statoil, Halliburton and Cuadrilla will bid for DECC licences later this year to tap t...   (...more...)

Ferguson Group sold for £320m

Published: Wednesday, 10 September 2014 in Oil Industry News.

Aberdeenshire-based container business Ferguson Group has been bought by Australian logistics specialist Brambles, in a deal which values Ferguson at £320m.Brambles will fund the transaction from exis...   (...more...)

Statoil’s Fram H-North and Svalin start production

Published: Wednesday, 10 September 2014 in Oil Industry News.

Statoil’s fast-track development projects are increasing the company’s and partners’ oil and gas production through a combination of standardised subsea development solutions and utilisation of infras...   (...more...)

Leading oil economist predicts 100 new discoveries in North Sea

Published: Wednesday, 10 September 2014 in Oil Industry News.

A leading oil economist has predicted almost 100 new discoveries in the North Sea over the next 30 years - as a major industry figure warned against basing an independent Scotland's economic futur...   (...more...)

Workplace discrimination in Oil & Gas industry?

Published: Tuesday, 9 September 2014 in Oil Industry News.

The Society of Petroleum Engineers (SPE) will host a world-first event next month which will highlight workplace discriminatory issues within the oil and gas industry.‘Breaking the Cycle of Discrimina...   (...more...)

Expro secures major subsea contract west of the Shetland Isles

Published: Tuesday, 9 September 2014 in Oil Industry News.

Expro, a UK-based oilfield services company, has secured a major subsea contract with BP for the Quad 204 project, west of the Shetland Isles in the UK North Sea.The 7-year multi-million dollar contra...   (...more...)

Brent Crude Falls Below $100 for First Time in 14 Months

Published: Monday, 8 September 2014 in Oil Industry News.

Brent crude fell below $100 a barrel for the first time since June 2013, as a slowdown in imports into China reinforced signs of surplus oil supply. West Texas Intermediate dropped to the lowest in al...   (...more...)

Offshore unconventional Oil & Gas could at least double Scotland's Reserves

Published: Monday, 8 September 2014 in Oil Industry News.

Fergus Ewing MSP, who is Scotland’s Energy Minister, has welcomed comments from the former President of the Wood Group in the Americas, Derek Blackwood, who has highlighted the potential for Scotland ...   (...more...)

Offshore worker fatality fall from BP platform in North Sea named

Published: Monday, 8 September 2014 in Oil Industry News.

A man who died after falling on BP's Unity platform in the North Sea has been named.Sean Anderson, 43, from the Tyne and Wear area, was an employee of Cape.The incident happened at about 04:10 on ...   (...more...)

Court rules BP showed “gross negligence”

Published: Friday, 5 September 2014 in Oil Industry News.

A US federal district court judge ruled on Thursday that the Macondo blowout, which killed 11 workers, and spilled millions of barrels into the US Gulf of Mexico was the result of BP’s gross negligenc...   (...more...)

Veolia to scrap Yme platform

Published: Friday, 5 September 2014 in Oil Industry News.

Veolia group has won a contract to decommission a 14,000-tonne oil platform in the Norwegian North Sea.The Talisman-operated Yme platform has been sitting unmanned in the North Sea, offshore Norway, s...   (...more...)

North Sea Buzzard field may be shut for further week

Published: Thursday, 4 September 2014 in Oil Industry News.

The operator of the North Sea Buzzard oilfield said on Tuesday production could be shut for another week as it works to demobilise a drilling rig during a window of good weather.Calgary-based Nexen, w...   (...more...)

Cape worker dies at BP’s Unity platform

Published: Thursday, 4 September 2014 in Oil Industry News.

The unnamed worker, employed by Cape plc, suffered a fatal fall while on the BP’s Unity platform, BBC writes. He was part of a Cape team carrying out routine maintenance on board BP’s Unity platform.T...   (...more...)

Worker dies in BP fall on Unity platform in North Sea

Published: Thursday, 4 September 2014 in Oil Industry News.

A man has died after a fall on BP's Unity platform in the North Sea.The incident happened in the Forties field at about 04:10.Police Scotland said it had been informed of the death offshore. BP sa...   (...more...)

Scottish West Coast untapped oil and gas reserves worth trillions

Published: Wednesday, 3 September 2014 in Oil Industry News.

Scotland could be sitting on more than double the amount of oil and gas reserves currently predicted, a new independent industry investigation has found. The investigation reveals that the scale of Sc...   (...more...)

Statoil shuts Huldra for good

Published: Wednesday, 3 September 2014 in Oil Industry News.

Stat0il is shutting down the Huldra, the first gravity-based, Statoil-operated installation in the North Sea to be shut down permanently.Terminating production on 3 September, the platform has produce...   (...more...)

Fire shuts Statoil-operated Troll B platform

Published: Wednesday, 3 September 2014 in Oil Industry News.

A fire reportedly broke out aboard the Statoil-operated Troll B platform, offshore Norway, on Monday, September 1.According to the Norwegian news website Aftenbladet.no, smoke entered the room after a...   (...more...)

FPSO works call for Huntington field shutdown

Published: Tuesday, 2 September 2014 in Oil Industry News.

According to the most recent update from the field operator, certain equipment on board the production platform will need to be replaced before production can be restored to full rates.Production at t...   (...more...)

UK set for drilling activity growth?

Published: Tuesday, 2 September 2014 in Oil Industry News.

Offshore exploration activity on the UK Continental Shelf is slated for growth, Douglas Westwood writes in its DW Monday report titled: “A Boost for UK Offshore Drilling?”From a peak of 396 in 1996, n...   (...more...)

Delay to production restart in North Sea's Buzzard field

Published: Tuesday, 2 September 2014 in Oil Industry News.

It could be another week before production resumes on one of the North Sea's biggest oil fields.Production operations in the Buzzard field, about 60 miles north east of Aberdeen, were shut down on...   (...more...)

New emergency breathing system installed in all North Sea helicopters

Published: Monday, 1 September 2014 in Oil Industry News.

Today see the introduction of the mandatory OPITO led Compressed Air Emergency Breathing System (CA-EBS), an emergency breathing system designed to save lives which has now been installed in every hel...   (...more...)



Oil and Gas News Archive


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