Europe
News
March 24, 2023
By 2030, the UK will be reliant on other countries for at least 80% of its gas and 70% of its oil if there is no investment in new infrastructure – offshoring the associated jobs and benefits to the economy. OEUK has urged the UK Government to nurture UK oil and gas production and avoid an even more rapid decline than that which is currently forecast.
News
March 24, 2023
Upon the rig’s arrival in Aberdeen for a special periodical survey, Semco Maritime has been contracted to provide a range of support services, including project management, hull rebranding, quayside support, scaffolding and supply of blue-collar personnel.
News
March 21, 2023
The total recoverable resources from these development projects were estimated to 730 MMboe net for Aker BP, with net investments of approximately $19 billion in nominal terms and an average break-even price of $35-40 per bbl.
News
March 21, 2023
The NSTA expects companies with valuable licenses to progress exploration and production as quickly as possible, in line with their license commitments and the NSTA’s strategy.
News
March 20, 2023
The Golar Tundra floating storage regasification unit docked Sunday night in Piombino, on the coast of Tuscany. The LNG terminal is one of two that will allow Italy to replace gas flows via pipeline from Russia, which are already near historic lows.
News
March 20, 2023
The walkouts will affect dozens of platforms operated by companies including BP Plc, Shell Plc and TotalEnergies SE, the union said in a statement. No date has been set yet for the start of the labor action that was approved by 1,400 workers.
News
March 20, 2023
The total consideration is $220 million plus a contingent payment element based on oil and gas prices over a 3-year period. A 28% working interest in PL037 gives 23.9% in Statfjord Unit, 28% in Statfjord Nord, 14% in Statfjord Øst Unit and 15.4% in Sygna Unit.
News
March 16, 2023
The vow comes as competition in the race for clean technology heats up after President Joe Biden’s $370 billion climate bill, which raised tax credits for capturing carbon dioxide.
News
March 14, 2023
Under the proposals being considered by the Treasury, the additional 35% levy would cease to apply if energy prices fall below a given level, according to a person familiar with the matter.
News
March 14, 2023
Economic impact analysis by Oxford Economics, published in Neptune’s Annual Report and Accounts, revealed the company’s overall European economic impact increased significantly in 2022, up from $3.3 billion in 2021, primarily due to higher earnings and taxes paid.
News
March 14, 2023
Named Heisenberg, the oil and gas discovery well was drilled by the Deepsea Stavanger drilling rig. Equinor is the operator, and DNO is a partner.
News
March 13, 2023
Ireland is becoming ever more reliant on Britain for gas supplies, with UK imports more than doubling since 2017 to 75% of Irish demand, and set to hit 90%, a report from OEUK will say.
News
March 09, 2023
Offshore flaring fell again in 2022, by 13% to 22 Bcf of gas, contributing to a total decrease of 50% since 2018, when volumes totaled 44 Bcf.
News
March 08, 2023
The research, carried out by Professor Alex Kemp and Artuto Regaldo, shows the Energy Profits Levy (EPL) is likely to discourage investment in new offshore oil and gas developments, particularly smaller fields, in the UK.
News
March 04, 2023
Official analysis reveals accelerating the decline of Scotland’s oil and gas production will increase Scotland’s emissions, threaten jobs and ultimately could make Scotland poorer.
News
March 03, 2023
The transaction includes a non-operated interest in the producing Buzzard oil field (29.89%), an additional operated interest in the Rosebank development (40%) and Suncor employees based in the UK who work with these assets.
News
March 02, 2023
Vår Energi confirms an oil discovery in the operated 7122/8-1S Countach well in production license PL229, northwest of Hammerfest, including updated volume estimates. The well was drilled in one of the segments that form the Countach prospect.
News
March 01, 2023
Equinor has signed an agreement to acquire equity interest in five oil and gas discoveries in the Troll, Fram and Kvitebjørn area in the North Sea on the Norwegian continental shelf from Wellesley Petroleum AS.
News
February 27, 2023
The company seeks to fill gaps in the market to help meet operator demand for high-quality services and offer clients a more streamlined, efficient approach to delivering projects under a single supplier.
News
February 25, 2023
The Italian energy giant followed its peers with stellar earnings for 2022, after Russia’s invasion of Ukraine sent the value of key commodities soaring. While the cost of energy has dropped in recent months, the conflict threatens a long-term upheaval that could keep prices elevated for years to come.
News
February 24, 2023
More than 40% of Angola’s 32 crude cargoes for loading this month are bound for destinations west of the Suez Canal — mostly to Europe as well as the U.S. and Brazil — according to a survey of traders specializing in West African barrels.
