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Regional News: North Sea

 
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UK Proposes New Tax Allowance for Ultra HP/HT Fields
Wednesday, July 23, 2014 HM Treasury announces a consultation on a new "cluster area allowance" to encourage investment in ultra-high pressure, high temperature oil and gas fields.

North Sea Super Puma Crash: Lessons Learned
Wednesday, July 23, 2014 Eleven months on from the Super Puma crash in the North Sea that killed 4 offshore workers, steps have been taken that should save lives in the event of a future helicopter ditching.

Tullow North Sea Well Comes Up Dry
Monday, July 21, 2014 Tullow's Lupus-1 wildcat well in the Norwegian North Sea fails to find hydrocarbons.

North Sea Oil, Gas Firms Hold Off on Investment
Friday, July 18, 2014 A Deloitte report shows that drilling activity on the UK Continental Shelf has almost halved in three months while asset deals have also plummeted.

British Government to Help Fund New Oil Regulator Until 2022
Wednesday, July 16, 2014 UK government announces another $5.1 million per year funding for the country's new oil regulator until 2022.

  



Chevron To Cut 225 Jobs In North Sea Oil Operations
Wednesday, July 16, 2014 Chevron will cut about 225 jobs in its North Sea oil operations after reviewing its business in the region where high costs have undermined some field developments.

PSS Plans to Recruit 40 Staff in NE Scotland
Tuesday, July 15, 2014 Aberdeen-based Process Safety Solutions plans to boost its staff at its new Wick facility, northeast Scotland, by up to 40 people.

Hancock Takes Over UK Junior Energy Minister Role
Tuesday, July 15, 2014 Matthew Hancock takes over from Michael Fallon as junior energy minister at the UK's Department of Energy and Climate Change.

Collision Halts Statoil Oseberg East Platform, Restart Seen Thursday
Thursday, July 10, 2014 Statoil shuts its Oseberg East oil platform after a collision with a supply vessel.

Ithaca Production In Line with Forecasts
Thursday, July 10, 2014 Ithaca Energy reports average production for the second quarter of 2014 of 14,400 barrels per day, in line with forecasts.

Norway's Det Norske Revises, Widens 1Q Operating Loss
Wednesday, July 09, 2014 Norwegian oil firm Det norske widens its first-quarter operating loss due to lower-than-expected output from the Jette field, offshore Norway.

UK North Sea Oil, Gas Companies' Profitability Near 5-Year Low
Wednesday, July 09, 2014 North Sea oil and gas firms make the lowest profits in nearly five years, data from the UK's Office for National Statistics shows.

Fiscal, Regulatory Change an 'Absolute Necessity' on UKCS
Monday, July 07, 2014 Radical fiscal and regulatory change is an "absolute necessity" to ensure that up to 24 billion barrels of remaining hydrocarbons on the UK Continental Shelf are fully exploited, according to a new report.

Aker Acts to Find Work for more than 200 Employees amid Slowdown
Monday, July 07, 2014 Aker is trying to find roles for more than 200 of its employees amid a slowdown in the country's offshore maintenance and modifications market.

Norway Union to Ask Oil Services Workers to Vote on Wage Offer
Sunday, July 06, 2014 Norwegian union Industri Energi is to ballot its members over a wage deal reached early on Sunday with oil services companies.

Lundin Petroleum Sells 15% Interest in PL359 to Wintershall Norge
Friday, July 04, 2014 Lundin Petroleum sells 15 percent interest in production license 359 offshore Norway to Wintershall Norge.

Statoil Sees More Oil Recovered At N. Sea Oseberg East Field
Thursday, July 03, 2014 Statoil expects to increase oil recovery rate from Oseberg East field with a new drilling campaign, the company says.

OMV's Small Find Boosts Hopes For More Arctic Oil
Thursday, July 03, 2014 OMV makes a small oil discovery in the Norwegian Arctic boosting hopes there is more oil to be found in the area.

Oil & Gas UK Launches 8th Annual Awards
Tuesday, July 01, 2014 UK trade organization Oil & Gas UK opens nominations for its eight annual awards.

New Infrastructure Players To Help UK North Sea In Twilight Years
Tuesday, July 01, 2014 The UK North Sea is seeing a rise in interest from infrastructure specialists and pension funds, giving oil majors a chance to offload unwanted assets and ultimately improve recovery from mature fields.

Scotland May Have Shale For 30 Years' Worth Of UK Gas Needs
Monday, June 30, 2014 Scotland may hold enough shale gas resources to cover UK gas needs for more than 30 years, according to a new report by the British Geological Survey.

MOL Boosts North Sea Portfolio through Acquisition of 6 Licenses
Monday, June 30, 2014 Hungary's MOL Group buys six licenses from Premier Oil, boosting its North Sea portfolio.

Norway's Kollsnes Gas Plant Output Drops Due to Supply Problems
Sunday, June 29, 2014 Norway's key gas processing plant, Kollsnes, more than halves its output Sunday due to problems with gas supplies.

Around 100 Norway Oil Engineers May Walk Off Job Next Week
Friday, June 27, 2014 Around 100 oil services workers could walk off their jobs from July 5 if wage talks fail, according to Norway's biggest oil union.

Ithaca De-Risks Stella Production with Flow Test on 3rd Well
Friday, June 27, 2014 Ithaca Energy reports that its third development well on the Stella field in the North Sea has flowed at 12,492 barrels of oil equivalent per day, serving to de-risk the initial production forecast for the field.

Hurricane Scores Success with Lancaster Appraisal Well
Thursday, June 26, 2014 Hurricane Energy says an appraisal well on its 100-percent owned Lancaster field in the North Sea flows at up to 9,800 barrels of oil per day.

Det Norske, E.ON Swap Offshore Norway Assets
Thursday, June 26, 2014 Det norske oljeselskap agrees to swap assets with E.ON E&P Norge in order to increase its exposure to the Ivar Aasen deposit in the North Sea.

Premier Oil Appoints New CEO
Wednesday, June 25, 2014 Premier Oil's finance director Tony Durrant becomes the company's new CEO.