News
Oil Industry headlines from around the world, updated daily.
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Forties crude oil bucks wider sweet North Sea crude trend on greater demand Platts North Sea Forties crude oil has garnered greater support than some other sweeter North Sea grades recently from arbitrage flows from the region and healthy demand for sourer crudes. The Forties crude differential to Dated Brent rose to plus $0.095/b ... Total Buys Forties Crude; Urals Retreats From 10-Month High |
The Guardian | North Sea oil review to look at maximising UK production The Guardian Malcolm Webb, chief executive of Oil and Gas UK, said there would be no return to the "glory days of 2000" when the North Sea generated 4m barrels of oil equivalent (BoE) a day, but production could rise from the current 1.5m to 2m BoE by 2017. "Too ... Climate change threat to North Sea oil and gas output from increasingly ... Ed Davey launches review of North Sea oil and gas industry Review of North Sea oil and gas |
Upstream Online | Some Production Resumes at North Sea Oseberg Oil Field Rigzone LONDON - The Oseberg oil-field center in the Norwegian North Sea, which closed Monday following the activation of a gas alarm, has resumed partial production. "Some production has resumed at fields producing over [the] Oseberg [area]," said a ... Statoil begins restart at Oseberg |
BBC News | CNR unveils £300m investment for Ninian oil field in North Sea BBC News About £300m is set to be invested in a bid to extend the life of one of the oldest oil fields in the North Sea. CNR International said it was preparing to make the investment after the UK government approved an application for a brownfield allowance ... CNR pumping £300m to extend life of Ninian oil field CNR International to invest £300m to extend Ninian field production |
The Guardian (blog) | Gavin McCrone backs new North Sea oil fund, but warns of perils The Guardian (blog) Gavin McCrone, author of a previously-secret civil service paper on the potential value of North Sea oil to Scotland, has again backed calls for oil revenues to be ploughed into an oil fund – with a warning that to do so would carry "extremely ... |
Proactive Investors UK | Farm-out deals reduce Ithaca's North Sea exploration costs Herald Scotland The Aberdeen-based oil and gas firm has farmed out 25% holdings in two licences west of Shetland to a division of Edison, an Italian energy firm which is expanding in the North Sea. Edison has agreed to pay a share of the costs of a well on the ... Ithaca Energy kicks off Stella field development Ithaca Energy Inc - Stella Drilling Commences Ithaca commences Stella field drilling |
BBC News | North Sea oil field shut down again BBC News Production has been disrupted for the second time in a month at one of the UK's biggest North Sea oil fields. Nexen's Buzzard field, about 60 miles north east of Aberdeen, was shut down after equipment failure led to intermittent output at the weekend. North Sea Forties at Two-Week High; Buzzard Oil Field to Restart |
BMI Unit Shunned by British Airways Plans North Sea Oil Shuttle Bloomberg BMI Regional, spurned by British Airways (IAG) when it bought the former British Midland unit of Deutsche Lufthansa AG (LHA), plans to target oil industry executives with services across the North Sea ignored by bigger carriers. BMI Regional will ... |
North Sea oil hopes buoyed by tie-up Express.co.uk The oil produced is stored in a seabed storage reserve before being collected by a tanker. The initial focus of the new venture will be the UK continental shelf. In the North Sea there are 88 fields with 15 million barrels of oil or gas which Enegi Oil ... |
Far-reaching oil and gas review commissioned by UK Government stv.tv A review into the best way to exploit the most oil and gas from the country's offshore reserves has been announced by the UK Government. The independent review, chaired by Sir Ian Wood, will look at increasing the production of oil and gas from the UK ... |
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