Proserv CEO David Lamont is keeping his head held high during these depressing market conditions. The executive says he remains optimistic about the North Sea, especially because of the downturn. In fact, during SPE Offshore Europe, he described it as good for the region…
UK-based basement explorer Hurricane Energy is a step closer to developing its UK North Sea Lancaster field after the Oil and Gas Authority agreed to the company's request for a field determination area for it. The field was granted discovery oil field status as oil field number 572…
The secure and permanent storage of carbon dioxide (CO2) within a single geological storage formation can be optimised by injecting CO2 at more than one point simultaneously, according to results from an innovative study of rocks beneath the UK North Sea…
Discussions at Offshore Europe 2015 point to UK and Europe’s energy security, innovation and safety which are considered to be an increasingly important driver of policy, allied with the need to meet stricter environmental targets. So…
Husky Energy has commenced production from a second oil well at the South White Rose extension drill center offshore Newfoundland and Labrador. The two wells are expected to ramp up to a combined net peak production of 15,000 b/d. South…
Erin Energy Corp. has announced that it has obtained an 18-month extension of the initial exploration period (IEP) of its offshore Kenya blocks, L27 and L28, to February 2017. “This additional time to evaluate these blocks will allow…
Bibby Offshore, a subsea services provider, has delivered two multimillion dollar decommissioning contracts to the UK Continental Shelf (UKCS). Endeavour Energy appointed Bibby Offshore to perform operations in the Renee and Rubie fields…
GE Oil & Gas signed a framework agreement with Statoil to provide subsea operations services for the Statoil’s operated fields Tordis, Vigdis, Snorre and Troll, located northwest of Stavanger. The agreement will be effective on 1 October 2015…
The speakers at Wednesday's Oil & Gas UK economic report release highlighted the need for a major transformation to take place within the oil and gas industry. All noted that problems in the UKCS began long before the decline in oil prices…
Norway’s Ministry of Petroleum and Energy Ministry (NPD) received applications from 43 companies for it latest Awards in Predefined Areas (APA) 2015 Norwegian continental shelf licensing round. Image from Chevron…
Aker Solutions appointed David Clark as regional president of the UK and Africa to oversee an expansion and support operations in these markets. He will assume the position on 21 September 2015 and report to CEO, Luis Araujo. Clark, a UK national…
A high oil price has enabled operators to extend field life and delay decommissioning time and time again on the UK continental shelf (UKCS), however, the current low oil price has brought into stark relief that this cannot continue indefinitely concludes a new analysis by Wood Mackenzie…
For decades, the number of large offshore resource discoveries has outstripped the onshore sector, and the significance of floating production and storage remains a distinct growth opportunity, despite oil price volatility, says Class NK…
Despite initial hopes of a V-shaped recovery, the UK Continental Shelf is set to see a more gradual recover over time, which will prove to be not only a stress test, but a test of resilience, according to a senior Lloyds Register director…
Today, the UK’s oil and gas industry faces arguably the most challenging period in its turbulent history. According to Oil & Gas UK, capital investment, which reached a record high of £14.4 billion in 2013, is expected to fall by more than half to about £7 billion by 2016…