UK oil major BP is set to sell its operated interests in the Bruce, Keith and Rhum fields, including three bridge-linked platforms and subsea infrastructure in the North Sea to UK independent Serica Energy. Subject to completion of the deal…
Last month (October 2017), Chevron approved plans for a commercial polymer EOR project on its UK North Sea Captain heavy oil field. Elaine Maslin looks at the broader prospects for EOR projects on the UKCS. For many fields on the UK Continental Shelf (UKCS) the clock is ticking…
The Oil and Gas Authority (OGA) has published a 'lessons learned' on the use of polymer technology to enhance oil recovery (EOR) from UK oil fields. “Polymer Enhanced Oil Recovery – Industry Lessons Learned” was produced in collaboration…
US oil major Chevron is moving ahead with plans for an enhanced oil recovery (EOR) project using polymer technology on its Captain heavy oil field in the UK North Sea. The Captain field was discovered in 1977, in Block 13/22a on the edge of the outer Moray Firth…
The floating production systems (FPS) market has been heavily impacted by the oil price downturn. Orders declined significantly from 17 in 2014 to four in 2015 and zero in 2016. There have been signs of a recovery in 2017, with seven orders booked year to date…
BP has started production from five of its seven major projects for the year, as the supermajor confirmed that the Juniper project offshore Trinidad, and Woodside Energy’s Persephone offshore Australia are both online. Juniper…
BP is on track to start up its Juniper project off Trinidad in the coming weeks, and bring Eni’s Zohr online offshore Egypt by the end of 2017. The supermajor was hopeful in its Q2 2017 earnings call, announcing the possibly of having final…
BP has launched a 'return to growth' for its North Sea business after marking first oil from the Quad 204 project, west of Shetland on the UK Continental Shelf. Quad 204 is redevelopment of the 1 billion barrel plus Schiehallion and Loyal fields…
BP has agreed to sell its Forties Pipeline System (FPS) business to INEOS in a US$250 million deal, to focus on its major offshore interests west of Shetland and in the Central North Sea. Image from BP…
Statoil has picked up the largest number of licenses in the Oil & Gas Authority's 29th Offshore Licensing Award focusing on frontier or underexplored acreage on the UK Continental Shelf. In total, 25 licenses have been offered, covering 111 blocks…
More than 481,730sq km of exploration acreage has been opened to tender offers in New Zealand, including five offshore, two onshore and one straddling on- and offshore. The country's Block Offer 2017 tender for petroleum exploration permits…
BP’s five-year plan has revealed the next wave of its competitive projects with potential new final investment decisions (FID), a list of several offshore projects set to come online this year, and eight projects that are currently under construction set for start-up in 2018-2021…
BP group chief executive Bob Dudley will underline the value of the North Sea in the oil major’s global portfolio when he leads the opening plenary session at SPE Offshore Europe 2017 being held in Aberdeen from 5-8 September 2017. Dudley…
Supermajor Shell has agreed to sell a package of UK North Sea assets to Chrysaor for a total of up to US$3.8 billon. The packaged deal consists of Shell's interest in Buzzard, Beryl, Bressay, Elgin-Franklin, J-Block, the Greater Armada cluster…
In this video, BP shows its global plans for 2017. The supermajor will focus on several of its projects including Thunder Horse in the Gulf of Mexico; Shah Deniz 2 in the Caspian Sea off Azerbaijan; Juniper off Trinidad and Tobago; Quad 204 off the UK; and much more.
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