The Trump administration is preparing to unveil as soon as this week an expansive offshore oil plan which would open the door to selling new drilling rights in Atlantic waters. President Trump ordered his Interior Department to write the new blueprint with the aim…
Natural gas and power prices jumped in Europe after an explosion at one of the continent’s biggest gas hubs further tightened supplies during a cold snap. Gas futures rose the most in more than eight years in Britain, which already is struggling to absorb…
Independent oil and gas firms EnQuest plc and Premier Oil Plc could lose millions of dollars in the event of a prolonged shut down of the Forties Pipeline System, oil and gas analysts at GMP FirstEnergy have confirmed. The analysts highlighted that EnQuest’s operated…
Spirit Energy has begun trading as an independent North Sea area oil and gas operator. This is a joint venture which combines Centrica’s E&P business with that of Bayerngas Norge. Centrica owns 69% of the company, with Bayerngas Norge’s former shareholders, led by…
Boskalis has completed a dual vessel float-over of the topsides for Statoil’s Aasta Hansteen spar platform in the Norwegian Sea. Statoil is developing the Aasta Hansteen gas/condensate field, 300 kilometres (186 miles) offshore, via the world’s largest production and storage spar platform. Earlier…
A joint venture of China National Petroleum Corp>oration
Norway’s DNO ASA reported tripling its oil production to 15,000 b/d from Peshkabir field in the Tawke licence in Iraq’s Kurdistan region after completion of the Peshkabir-3 well testing, stimulation, and cleanup programme. Currently DNO is preparing to drill the Peshkabir-4 well, which will…
Eni Norge can restore the Goliat field in the Barents Sea to full production. The Norwegian Petroleum Safety Authority (PSA) gave the company the all-clear after it had fulfilled the conditions of an order issued on the 6th October 2017. This was imposed…
Aker BP has awarded two of the main contracts for its 21-kilometre (13-mile) Ærfugl tieback to the Skarv FPSO in the Norwegian Sea. Aker Solutions will supply the subsea production system for the three-well first phase of the development, comprising wellheads, vertical subsea trees,…
Brent oil price has shot over US$65 a barrel for the first time since mid-2015 following the shutdown of North Sea’s largest pipeline. Ineos, the operator of the Forties Pipeline System uses for the transportation of the UK North Sea crude, has decided to…
