UK Oil and Gas Production Rises in 2018
Tuesday March 12, 2019 - UK oil and gas production increased by more than 4 percent last year, according to a new report by the Oil and Gas Authority.
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UK Oil and Gas Production Rises in 2018
Tuesday, March 12, 2019 UK oil and gas production increased by more than 4 percent last year, according to a new report by the Oil and Gas Authority.
US to Drive Oil Supply Growth to 2024
Monday, March 11, 2019 The United States will drive global oil supply growth over the next 5 years, according to the IEA.
OPEC Output Slides Again
Friday, March 01, 2019 OPEC's crude production slumped again last month as the cartel implemented planned cutbacks in full and some members were hit by U.S. sanctions.
Exxon Boosts Reserves by 4.5B Barrels
Wednesday, February 27, 2019 Exxon Mobil Corporation added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year's production.
OPEC Chief Urges Producers to Meet Cut Pledges
Wednesday, February 13, 2019 OPEC's top official urged countries in the group and its allies to follow through on their pledges to cut oil production and keep global markets balanced.
TechnipFMC Wins North Sea Contract
Wednesday, January 30, 2019 The latest Lundin Norway contract builds upon FEED work that TechnipFMC has already performed.
US Oil and Gas Production to Outpace Russia and Saudi Arabia by 2025
Friday, January 25, 2019 Recent analysis by Rystad Energy forecasts the US to exceed Russia and Saudi Arabia's combined liquid production in six years.
Bureau Veritas Wins Offshore Norway Contract
Thursday, January 17, 2019 Bureau Veritas will provide second- and third-party inspection services for the Fenja development.
Largest Licensing Award on NCS
Wednesday, January 16, 2019 The Norwegian Ministry of Petroleum and Energy has offered 83 production licenses on the Norwegian Continental Shelf as part of its latest APA round.
North Sea Oda Field Gets Green Light
Monday, January 07, 2019 Norwegian authorities approve the application for the start up of the Oda field in the Norwegian sector of the North Sea.
OPEC Output Falls Most in Almost 2 Years
Wednesday, January 02, 2019 Before its agreement to cut oil supplies even started, OPEC's production plunged by the most in almost two years last month.
Equinor Gets Green Light for Troll Phase 3
Friday, December 07, 2018 The Norwegian ministry of petroleum and energy approves the plan for development and operation for the Troll Phase 3 project.
Apache Brings North Sea Garten Field Online
Wednesday, December 05, 2018 Apache Corporation initiates production from its Garten development in the UK sector of the North Sea.
OPEC Expected to Cut Oil Output
Wednesday, November 28, 2018 OPEC and its allies will announce production cuts to check a slump in oil prices when they meet next week, according to a Bloomberg survey.
Clair Ridge Comes Online
Friday, November 23, 2018 BP announces first oil production from the Clair Ridge project in the West of Shetland region offshore UK.
OPEC+ Said to Weigh Bigger Production Cut
Thursday, November 15, 2018 OPEC+ is considering cutting oil output by more than the 1 million barrels a day Saudi Arabia proposed earlier this week, according to people familiar with the matter.
NOPEC to Take Gloves Off, Production Cuts In 2019?
Wednesday, November 14, 2018 OPEC, in cooperation with Russia, are currently discussing the option to put another production cut in place.
Saudis See Need for Producers to Cut 1MM Barrels
Monday, November 12, 2018 Saudi Arabia expresses the need for oil producers to cut 1 million barrels a day from October levels.
UKCS Reserves Could Sustain Output for 20+ Years
Thursday, November 08, 2018 The OGA's estimate for proven and probable (2P) UKCS reserves, as at end 2017, is 5.4 billion barrels of oil equivalent.
Apache Plans to Fast Track North Sea Find
Thursday, November 01, 2018 Apache plans to accelerate initial production from the Garten discovery from the first quarter of 2019 to the fourth quarter of this year.
North Sea Columbus Development Gets Green Light
Wednesday, October 31, 2018 The Field Development plan for the North Sea Columbus Development has been approved.
OPEC Could Cut Production in 2019
Thursday, October 25, 2018 OPEC signaled it could cut output in 2019 due to concerns about rising oil inventories and economic uncertainty.
OPEC in Maximum Production Mode
Tuesday, October 23, 2018 Saudi Arabia says OPEC and allies are in a 'produce as much as you can mode'.
Green Light for North Sea Alligin Field
Monday, October 22, 2018 BP receives approval from the UK's Oil and Gas Authority to proceed with the Alligin development west of Shetland.
110MM Barrel North Sea Field Comes Online
Monday, October 15, 2018 The North Sea Oseberg Vestflanken 2 field came online on October 14.
FID Taken on UK North Sea Field
Wednesday, October 10, 2018 A final investment decision has been made to develop the UK central North Sea Arran field.
IEA Urges OPEC to Open Taps as Oil Markets Enter 'Red Zone'
Tuesday, October 09, 2018 The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output.
Norwegian Sea Gift Keeps on Giving
Friday, October 05, 2018 In production since 1997, the Equinor-operated Norne oil field in the Norwegian Sea just got a major boost in its recoverable reserves estimate.
OPEC Output Edges Higher
Tuesday, October 02, 2018 OPEC production rose last month as deepening losses in Iran due to looming US sanctions were countered by other members.
BP Gets Green Light for North Sea Project
Thursday, September 27, 2018 BP receives approval from the UK's Oil and Gas Authority to proceed with the Vorlich development in the central North Sea.
Lancaster EPS Subsea Installation Completed
Thursday, September 13, 2018 Hurricane Energy says the installation of subsea umbilical, risers and flowlines for the Lancaster Early Production System has been 'successfully completed'.
West of Shetland Touted as Place to be for UK Growth
Tuesday, September 11, 2018 For UK growth, the West of Shetland is the place to be, according to a new report by Wood Mackenzie.
OPEC's Barkindo: Oil Demand To Hit 100 MMbpd Sooner Than Projected
Wednesday, September 05, 2018 World oil consumption will reach 100 million barrels per day later this year, hitting that level much sooner than previously forecast, OPEC's Barkindo says.
Reuters Survey: OPEC August Oil Output Hits 2018 High Despite Iran Losses
Friday, August 31, 2018 OPEC oil output has risen this month to a 2018 high as Libyan production recovered and Iraq's southern exports hit a record, a Reuters survey found.
OPEC+ Committee: Oil Producers Cut July Output By 9% More Than Agreed
Monday, August 27, 2018 An OPEC and non-OPEC monitoring committee found that oil producers participating in a supply-reduction agreement cut output in July by 9% more than called for in their pact, sources say.
Equinor, Partners to Develop Next Phase of Johan Sverdrup
Monday, August 27, 2018 Equinor and partners submit the development plan for the second phase of the Johan Sverdrup project.
Britain's Premier Oil To Lift Peak Output At Catcher Field
Thursday, August 23, 2018 Premier Oil is set to raise stable peak production at its Catcher field in Britain's North Sea.
One-day Strike at Total's North Sea Oil, Gas Platforms Ended -Union
Tuesday, August 21, 2018 Workers at three of French oil company Total's UK North Sea oil and gas platforms ended a 24-hour strike at 0500 GMT on Tuesday as scheduled, the Unite union said.
North Sea Tolmount Main Gas Field Gets Green Light
Monday, August 20, 2018 Premier Oil says the development of its Tolmount Main gas field, located in the southern North Sea, has been sanctioned by joint venture and infrastructure partners.
Saudi Cuts Oil Output As OPEC Points To 2019 Surplus
Monday, August 13, 2018 OPEC forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production.
Exec Sees UKCS Jump with Shell Penguins Contract
Thursday, August 02, 2018 DNV GL will support Shell and ExxonMobil's redevelopment of the Penguins field.
First Oil at Offshore UK Lancaster Field on Track for 1H 2019
Thursday, August 02, 2018 First oil at the Lancaster field, located offshore UK, is on track for the first half of next year, Hurricane Energy plc's chief executive, Robert Trice, announced Thursday.
OPEC Oil Output Climbs as Saudi Arabia Pumps Near Record
Thursday, August 02, 2018 OPEC's crude output increased last month as Saudi Arabia pumped near-record volumes.
Reuters Survey: OPEC July Oil Output Hits 2018 Peak, But Outages Weigh
Monday, July 30, 2018 OPEC oil output has risen this month to a 2018 high as Gulf members pumped more after a deal to ease supply curbs and Congo Republic joined the group, a Reuters survey found.
New Initiative 'Could Help Unlock' Over 3.5B Barrels in UKCS
Friday, July 20, 2018 The OGTC launches an industry-backed initiative, which it says could help unlock more than 3.5 billion barrels of reserves in marginal discoveries on the UK Continental Shelf.
OGA: UKCS Production Efficiency Improves for 5th Straight Year
Tuesday, July 17, 2018 Production efficiency on the UK Continental Shelf has improved for the 5th consecutive year, according to a new report released by the Oil and Gas Authority.
Premier Oil's Board Approves UK Offshore Tolmount Project
Thursday, July 12, 2018 Premier Oil confirms that its board has approved the Tolmount gas project.
Serica: FDP Submitted for North Sea Project
Thursday, June 28, 2018 A Field Development Plan (FDP) has been submitted for the Columbus development in the central North Sea.
KCA Deutag Secures Total Drilling Contract
Wednesday, June 27, 2018 KCA Deutag's offshore business unit secures a new drilling contract with Total E & P UK Limited for the North Alwyn and Dunbar platforms.
Shell Gives Go-Ahead To Third North Sea Oil, Gas Project In 2018
Monday, June 25, 2018 Shell says it will develop the Fram gas field in the North Sea, its third project approval in the ageing basin this year.
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