Planning is underway for further drilling on the Barryroe discovery in the Celtic Sea offshore Ireland during 2015 with a view to reaching first oil by 2018, according to partner Landsdowne Oil & Gas. The work is subject to a farm…
Scotland is to remain a part of the United Kingdom after the results of a historic referendum revealed this morning (September 19) that a majority had voted no to independence. However, despite many keen to maintain the status quo…
Scotland has voted to remain part of the United Kingdom, results from the referendum held yesterday revealed this morning. Sanjoy Sen gives his view. So, Alistair Darling and the “Better Together” campaign overcame a late scare in the…
Scotland today (September 18) goes to the polls to decide on its possible future fate as an independent nation. It is being hailed as a historic day for the country. But, for some, the mere existence of the referendum has already damaged investment in the UK North Sea…
The millionth barrel of oil has been produced at the Prirazlomnoye field, in Russia's Pechora Sea, in the Arctic, operator Gazprom Neft announced. The second tanker to deliver the oil to North West Europe in the next few days is currently being loaded…
Less than a week before Scotland goes to the polls over independence, the heads of BP and Shell have made their opinions clear amid counter claims over North Sea oil. Bob Dudley and Ben van Beurden, the CEOs of BP and Shell respectively…
Four months after taking to the helm of Italian state-run Eni, CEO Claudio Descalzi is now the subject of a corruption investigation related to the acquisition of the large and lucrative deepwater oil prospecting lease (OPL) 245 offshore Nigeria…
Rosneft and PetroVietnam announced they will set up a joint venture to develop two oil field blocks in the Pechora Sea in Russia’s Arctic, Reuters reported on 5 September 2014. According to the report, Rosneft will hold 66.67% interest in the JV…
Shell started production from its Cardamom subsea oil and gas field located in the Gulf of Mexico. The Cardamom system is tied back to Shell's Auger tension leg platform (TLP), marking the seventh subsea development to come onstream through the platform since first oil was achieved in 1994…
Rosneft began production from the northern tip of the Chayvo field, located off northern Sakhalin Island. Rosneft President Igor Sechin said that Chayvo will produce about 1.5 million tons of oil annually, with the northern tip of the…
In order to expand its Brazilian business, Polarcus has teamed up with Sinergeo for the management of Polarcus do Brazil in Rio de Janeiro. With the addition of Marcelo Fonseca and Marcos Gallotti to the company’s management team, Polarcus…
Viper Subsea won a multimillion-dollar contract to supply subsea hydraulic and electrical distribution equipment to an unnamed oil field in the Caspian Sea. The contract includes the design and supply of subsea equipment, in addition…
The Society of Petroleum Engineers (SPE) Aberdeen Section has appointed Ross Lowdon (pictured) as chairman. Lowdon takes over from Anthony Onukwu and will hold the chairmanship until September 2015. Read more: Anthony Onukwu reflects on 40 years' of SPE Aberdeen…
Lundin Petroleum's latest Luno II appraisal well found oil but with lower than expected reservoir properties, leading the firm to revise down its resource estimate for the field to between 27 and 71MMboe. Lundin said the target of appraisal well 16/4- 8 S in the Luno II discovery…
Norway's Petroleum Safety Authority has issued an order to Statoil following the investigation of a hydrocarbon leak at Statfjord C on 26 January 2014. The investigation identified serious breaches of the regulations, said the PSA today…