Results 35 articles shown
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.
Saudi Aramco CEO Says Has 2 Million Barrels Per Day Of Spare Capacity
Monday, June 25, 2018 Oil giant Saudi Aramco says it has a spare capacity of 2 million barrels per day and can meet additional oil demand in case of any interruption in supplies.
Sources: US Asks OPEC Producers To Pump More Oil, No Specific Figure
Tuesday, June 05, 2018 The US government has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output.
Wintershall Submits $1.2B PDO for North Sea Field
Wednesday, May 16, 2018 Wintershall Norge AS submits a $1.2 billion plan for development and operation for the North Sea Nova field.
UKCS Production Efficiency Rises for Fifth Straight Year
Tuesday, May 08, 2018 Production efficiency in the UK Continental Shelf rises to 74% in 2017.
OPEC's Reason for Sticking With Cuts Rests on Shaky Ground
Wednesday, May 02, 2018 OPEC and Russia seem determined to keep on cutting production even after their campaign to rebalance world oil markets achieved its main target.
UAE Says Most Countries In Oil Cut Deal Like Idea Of Long-Term Alliance
Thursday, April 12, 2018 A majority of the OPEC and independent oil producers participating in a current deal to cut supply like the idea of a long-term producers' alliance, the energy minister of the United Arab Emirates says.
UK North Sea Oil Output To Resume Decline After Brief Respite
Monday, March 26, 2018 The UK North Sea is set to resume a two-decade decline in oil production next year, consultancy Bernstein says.
Spirit Energy Given Consent to Use Drilling Facility for Production Wells
Friday, March 16, 2018 Petroleum Safety Authority Norway gives Spirit Energy consent to use the Maersk Interceptor drilling facility to drill production wells on the Oda field.
Down Is Up as Aging Oil Fields Defy Gravity to Pump More
Friday, March 09, 2018 Bob Dudley has never seen anything like what happened with BP's old fields last year: They gushed more crude.
Offshore UK Catcher Development to Hit 60,000 Bpd Target Ahead of Plan
Thursday, March 08, 2018 Catcher is expected to reach an output rate of 60,000 barrels of oil per day in April.
UK's EnQuest Expects Higher Production This Year
Monday, February 19, 2018 EnQuest Plc expects higher production in 2018, helped by its flagship Kraken oilfield and its acquisition of a 25% stake in BP's Magnus oilfield.
IEA: Surge In Global Oil Supply May Overtake Demand In 2018
Tuesday, February 13, 2018 The rise in global oil production, led by the US, is likely to outpace growth in demand this year, IEA says.
ExxonMobil's Reserves Jump 19% On Growth In US Shale, UAE
Friday, February 09, 2018 ExxonMobil says its oil and gas reserves surged 19% last year, thanks to growth in US shale, the United Arab Emirates and Guyana.
Ineos: Forties Pipeline System is Safe
Thursday, February 08, 2018 Ineos confident FPS is safe following the discovery of a crack in December 2017.
Shell to Redevelop Penguins Field in UK North Sea
Monday, January 15, 2018 Shell confirms that it will redevelop the Penguins oil and gas field in the UK North Sea.
North Sea Fields Resume Production Following FPS Repair
Friday, January 12, 2018 The Bruce, Keith and Rhum fields resume production following the successful repair of the Forties Pipeline System.
Premier Oil to Ramp Up Output at North Sea Catcher Field
Thursday, January 11, 2018 Premier Oil is planning to ramp up production from the Catcher field in the North Sea to 60,000 barrels of oil per day.
OGTC Invests $1.8MM in P&A Technology
Monday, January 08, 2018 The UK's Oil & Gas Technology Centre (OGTC) is investing $1.8 million (GBP 1.3 million) in four well plugging and abandonment (P&A) projects.
Statoil To Extend Snorre Oilfield Output Under $2.3B Plan
Thursday, December 21, 2017 Norway's Statoil will extend output from its Snorre oilfield in the North Sea by some 25 years.
Partners to Invest in New Gas Module at Troll C Platform
Tuesday, November 07, 2017 Output is set to rise from the North Sea's Fram field with new investment.
Premier Oil Stations FPSO at Catcher Field in North Sea
Thursday, October 26, 2017 Premier Oil secures a major advance in its North Sea fortunes.
Chevron Approves New Tech Investment To Raise Output At North Sea Field
Friday, October 20, 2017 Chevron approves an investment to increase output from its Captain oilfield by using a new water-injection technology for the first time in the North Sea, the company says.
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.
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.