A new “think tank” has been launched to explore ways of tapping remaining gas supplies in the Southern North Sea. The SNS Rejuvenation Special Interest Group will look at ways of getting energy from reserves previously considered too tricky and expensive to exploit economically…
Investment costs for the Culzean project are now forecasted to be around US$4 billion, a reduction of about $500 million on the estimate at project sanction, said Gretchen Watkins, CEO, Maersk Oil at the Maersk Group Capital Markets Day in Copenhagen…
Independent Oil and Gas (IOG) has extended the licenses for Blocks 48/22b and 48/23a in the Southern North Sea (SNS) containing the Blythe gas discovery (P1736) until 31 December 2017, following discussions with the UK Oil & Gas Authority…
The UK's Oil & Gas Authority (OGA) has invited companies to apply for new licenses to drill at 14 blocks in the supplementary round to the 29th oil and gas licensing round. The 14 blocks on offer in the supplementary round are outside of the 29th oil and gas licensing round offer area…
Two thirds of companies in north east Scotland have made job cuts in the past year, but optimism that the end could be in sight has risen, according to a survey. The annual 25th Oil and Gas survey, conducted by Aberdeen & Grampian Chamber…
Businesses working in the East of England gas industry were told there were at least another 20 years’ production left in the Southern North Sea by a government expert at Westminster. Production is expected to continue until at least 2035…
The UK oil and gas industry may be gripped by a downturn but a lot of positivity has emerged from the two-day conference organized by trade body Oil & Gas UK, which concluded today (15 June) in Aberdeen. Almost 500 delegates attended the “UKCS: Open for Business” themed event…
The development of the new, world-class Oil & Gas Technology Centre (OGTC) in Aberdeen has moved forward with the appointment of the board and recruitment is now underway for a chief executive officer and other senior posts. The project…
Atlantic Petroleum has agreed to sell its Norwegian activities to M Vest Energy - a company partly owned by Atlantic's existing management. The Norwegian activities include all of Atlantic's assets and licenses, the liabilities of the licenses…
Opportunity North East (ONE) is working with oil and gas industry leaders to establish Aberdeen as a global center for offshore technology research and development. The funding announced by the UK and Scottish governments through the…
A major study is underway to identify new processes and technologies that can be applied to asset integrity challenges in the UK offshore oil and gas industry. Lockheed Martin has been commissioned to conduct a technology landscaping…
The Steam Oil Production Co. has agreed a deal with EnQuest to acquire a 100% interest in License P1996, made up of blocks 28/2b and 28/3b, containing the Elke and Narwhal discoveries. The transfer of the interest and assumption of operatorship…
Advances in two areas of asset integrity are being targeted by a new oil and gas industry project being led by Total E&P UK and Amec Foster Wheeler under the direction of the Technology Leadership Board, which could unlock £1 billion of revenue…
The confidence of North Sea oil and gas contractors is at an all-time low, according to a new industry report released today. Four in five contractors (79%) surveyed say they are less confident in their prospects than a year ago, compared to just 1% that are more confident…
Sembcorp Marine has won a contract to design and build a new floating, storage and offloading (FSO) vessel for Maersk's Culzean development in the North Sea. The vessel, to be built under a contract with MODEC Offshore Production Systems (Singapore)…
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