North Sea News


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UK North Sea Oil Faces Quickening Decline If No Brexit Deal
Monday, October 16, 2017 The UK oil and gas industry faces a faster decline if Prime Minister Theresa May fails to agree to a trade deal with the European Union.

Cost Control Key to North Sea Production Growth
Friday, October 13, 2017 Having already been written off once in the 80s and survived, North Sea production is now seen to be recovering even in the Era of Shale.

North Sea Oil Sandwiched as US Ships Crude Like Never Before
Tuesday, October 10, 2017 As crude oil gushes out of the US like never before, it looks increasingly like North Sea oil will suffer collateral damage.

Statoil's Arctic, UK Drilling Campaigns Yield Disappointing Results
Monday, October 09, 2017 Norway's Statoil reported disappointing outcomes from three oil and gas exploration wells on Monday.

Petrofac Extends North Sea Contract with Chevron
Thursday, October 05, 2017 Oilfield services company Petrofac Ltd said its North Sea engineering services contract with a unit of Chevron Corp had been extended for 12 months.

North Sea Oil Market Waves Red Flag At Brent Bulls
Wednesday, October 04, 2017 A recovery in US crude exports and falling European refining margins have sent prices of North Sea barrels tumbling.

Premier Oil Seeks Buyer For Stake In North Sea Gas Field
Thursday, September 14, 2017 Premier Oil is seeking to sell half of its stake in the Babbage gas field in the North Sea, according to a document seen by Reuters.

EnQuest Profits Slide On Slower Kraken Oilfield Ramp-Up
Thursday, September 07, 2017 EnQuest reports a sharp drop in first-half profits on lower production and delays in ramping up its flagship Kraken oilfield.

In Sign Of Oil Rebalancing, North Sea Floating Storage Shrinks
Thursday, September 07, 2017 The volume of global price benchmark North Sea crude being held in floating storage has declined sharply since mid-August, according to shipping data and trade sources.

Big Oil Says It Still Loves North Sea Despite Asset Sales
Wednesday, September 06, 2017 Europe's biggest energy companies have a message for the aging UK North Sea oil industry: We may be selling assets, but that doesn't mean we're heading for the exit.

Drilling of Well at Fogelberg Gas Discovery to Start in Feb/March -Centrica
Friday, September 01, 2017 Norwegian company Island Drilling has won the drilling contract, Centrica said.

Sources: UK Forties Oil Output Below Plan, Delaying Some Cargoes
Friday, August 25, 2017 The North Sea Forties crude stream is pumping less oil than expected, leading to delays in the loading of some cargoes of the crude, two trade sources say.

Total Overtakes Shell In North Sea Where Appetite For Assets Remains High
Tuesday, August 22, 2017 Total has overtaken rival Shell to become the second-largest producer in the North Sea with its acquisition of Maersk's Norwegian and UK producing assets.

Japan's JX To Sell North Sea Oil Field Stake To Faroe Petroleum
Friday, July 28, 2017 JX Nippon Oil and Gas Exploration Corp says that its UK-based subsidiary has agreed to sell a stake in a North Sea oil field to Faroe.

SBM Offshore, Repsol to Get $247 Million in Yme Insurance Settlement
Monday, July 17, 2017 SBM Offshore and Repsol will share an insurance payment of $247 million, less legal costs, related to a troubled Norwegian offshore project.

Centrica Merges Oil Business with Bayerngas to Tap Younger Fields
Monday, July 17, 2017 Centrica will own 69 percent of the new entity and raise its interests in younger fields.

Premier Oil Says North Sea Exploration No Longer Attractive
Thursday, July 13, 2017 Premier Oil says that exploring for resources in the North Sea was no longer attractive, a day after it announced a major discovery off Mexico.

Unite Marks Piper Alpha Tragedy 29 Years On
Friday, July 07, 2017 UK union Unite marks the Piper Alpha tragedy yesterday, 29 years on from the incident which killed 167 workers in the North Sea.

Engie Brings Norway's Gjoea Oil, Gas Field Back On Stream
Friday, July 07, 2017 The field was shut on June 21 following a gas leak.

Bilfinger to Create Hundreds of Jobs Following North Sea Contract Win
Friday, June 30, 2017 Bilfinger Salamis UK secures a contract for the provision of services for the preparation and installation of Maersk Oil North Sea's new gas production field, Culzean, creating up to 300 jobs.

Chrysaor Looking for Staff In Aberdeen
Friday, June 30, 2017 Chrysaor is recruiting for a range of new roles in the Aberdeen area, the company revealed Friday.

Hurricane Energy to Raise $520 Mln to Fund North Sea Field
Friday, June 30, 2017 The funds will go towards financing an early production system (EPS) to test the Lancaster field ahead of a full field development decision.

OGA Publishes New Cost Estimate for UKCS Decommissioning
Thursday, June 29, 2017 The Oil and Gas Authority publishes a report which provides a new cost estimate for offshore oil and gas decommissioning in the UK Continental Shelf.

Hurricane Energy to Raise $520 Million to Fund North Sea Field
Thursday, June 29, 2017 Hurricane Energy plans to raise $520 million for test drilling at its Lancaster oilfield in the North Sea, a major milestone for the project that could breathe new life into the ageing offshore basin.

First Gas Delivered from North Sea Field
Wednesday, June 28, 2017 First gas has been delivered on schedule from the Cayley field, the third and final new discovery to be brought on stream during the major redevelopment of the Montrose Area in the Central North Sea.

IOG Welcomes OGA North Sea Tight Gas Plan
Tuesday, June 27, 2017 Independent Oil and Gas plc welcomes the Oil and Gas Authority's publication of the Southern North Sea Tight Gas Strategy.

UK Wants To Revive Gas Extraction In Oldest Part Of North Sea Oil Basin
Thursday, June 22, 2017 Britain wants oil and gas drillers to recover pockets of gas that are more difficult to reach in a part of the North Sea.

Oil Tankers Store Most Oil This Year as Glut Won't Die
Monday, June 19, 2017 Oil traders are resorting to storing more and more oil at sea amid swelling output in the Atlantic region.

Scotland's Oil Skills, Experience In Demand Across Globe
Friday, June 16, 2017 There was continued strong demand across the globe for Scotland's oil skills, experience and expertise during 2015/16.

European Commission Approves Shell's $3.8B North Sea Sale
Friday, June 16, 2017 The European Commission approved on Shell's $3.8B sale of North Sea oil and gas assets to Chrysaor.

Scottish Unemployment Figures Change Amid Growing Sector Confidence
Thursday, June 15, 2017 Scotland's unemployment fell to its lowest rate since the recession over the last quarter.

Production Efficiency on UKCS Rises Again
Thursday, June 15, 2017 Production efficiency on the UK Continental Shelf (UKCS) rises for a 4th consecutive year to 73%.

Return of North Sea Industry to Help Bring Back Well Paid Jobs
Wednesday, June 14, 2017 The return of confidence in the North Sea oil and gas industry will help stimulate the local economy and bring back well-paid and highly skilled jobs, according to Aberdeen North MP Kirsty Blackman.

Levels of Optimism in the UK Continental Shelf 'Bounce Back'
Tuesday, June 13, 2017 Improvements in oil and gas contractor confidence on the UK Continental Shelf (UKCS) suggests some businesses are seeing signs of recovery.

BLOG: Investors Pump Cash into 'Knowledge Gap' Resource, But Is It Enough?
Tuesday, June 13, 2017 Investors are working hard to plug a knowledge gap in the North Sea.

Unite Urges Offshore Workers to Join Pay Fight
Monday, June 12, 2017 UK offshore union Unite is urging people to join its organization in an effort to combat pay cuts to workers.

Statoil Denies Patent Infringement, Keeps Drilling In The Barents Sea
Monday, June 12, 2017 Statoil says it will keep drilling exploration wells in the Barents Sea using what it called "regular equipment".

TWMA Secures Jobs with New Maersk Oil Contract
Thursday, May 25, 2017 Oil and gas waste management solutions provider, TWMA, secures 2 new projects with Maersk Oil UK in the Central North Sea, which will support up to 18 existing onshore and offshore jobs.

EnQuest On Track For Kraken First Oil Before End of June
Thursday, May 25, 2017 EnQuest is on track to achieve first oil from the Kraken development in the UK North Sea before the end of June, according to the company's CEO Amjad Bseisu.

Hundreds of Dong Energy Workers to Transfer to Ineos Following Acquisition
Wednesday, May 24, 2017 Over 400 Dong Oil & Gas Business workers will transfer to Ineos in 2017, after the latter company agreed to buy the subsidiary from Dong Energy A/S.

BP Brings Quad 204 Project Online
Monday, May 22, 2017 BP announces the commencement of first oil from the redeveloped Schiehallion Area, following the completion of the Quad 204 project in the west of Shetland region, offshore UK.

UK Operators Must Take Time to Invest in Decommissioning Training
Friday, May 19, 2017 It is important that oil and gas operators in the UK take the time to invest in decommissioning training and expertise, Andrew Greenwood, Airswift Europe and Africa recruitment director, says.

Culzean Contract to Support up to 150 Aberdeen Jobs for Semco Maritime
Wednesday, May 17, 2017 Semco Maritime has been chosen by Maersk Oil UK to participate in the installation and preparation (hook-up) of the Culzean field, in a development which will support up to 150 jobs in Aberdeen.

Unite Urges Members to Vote Yes for Strike Action in OCA Pay Dispute
Tuesday, May 16, 2017 UK union Unite is urging its members to vote yes for strike action, and action short of striking, in a continued dispute with the Offshore Contractors Association over pay.

70 Jobs Secured With New Centrica North Sea Well
Monday, May 15, 2017 Seventy offshore jobs have been secured after Centrica reveals it will drill a new well at the Chestnut field off Aberdeen.

Proserv Secures Decommissioning Work in North Sea
Thursday, May 11, 2017 Oilfield services firm Proserv secures 3 contracts, worth a combined value of more than $2.5 million, for decommissioning work in the Norwegian North Sea.

Repsol Sinopec Flows First Oil from North Sea Shaw Field
Tuesday, May 09, 2017 Repsol Sinopec Resources UK announces that first oil has begun to flow from the Shaw field, which is part of a major redevelopment of the Montrose Area in the Central North Sea.

Unite Takes Another Step Towards UKCS Strike Action
Thursday, April 27, 2017 UK union Unite takes another step towards strike action on the UKCS, as it serves an official strike ballot notice to the Offshore Contractors Association (OCA).

BLOG: Decommissioning Employment Opportunities to Increase in N. Sea
Thursday, April 13, 2017 A look at the job prospects in the North Sea decommissioning sector.

North Sea Decom Costs on a Scale Not Seen Before Anywhere in the World
Monday, April 10, 2017 North Sea decommissioning costs are looming on a scale not seen before anywhere in the world, Mamdouh G. Salameh, visiting professor of energy economics at the ESCP Europe Business School says.

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