Faroe's hunt for oil deals could see it double in size

Faroe Petroleum Plc is hunting for offshore oil and gas assets in Norway and the UK, with an appetite that could equal the current size of the company itself -- about $550 million.

Hurricane Energy reports delivery of key subsea components for Lancaster EPS

Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, has provided an operational update in relation to the Early Production System on Lancaster field (Lancaster EPS).

DOF Subsea, Enpro Subsea partner on independent and integrated flow intervention services

Enpro Subsea and DOF Subsea HAVE announced a Memorandum of Understanding (MoU) which will leverage each company’s expertise and portfolio of assets to deliver enhanced production solutions throughout the life of field.

May seeks alternatives for Russian gas after spy scandal

The spy poisoning scandal in the UK is spilling into energy.

UK industry output jumps amid oil rebound, record factory run

UK industrial production posted its biggest monthly increase in more than a year in January, figures Friday showed.

Aging oil fields defy gravity to pump more crude

Bob Dudley, in his 38 years in the oil industry, has never seen anything like what happened with BP Plc’s old fields last year: They gushed more crude.

Aramco said to lead raft of Saudi-UK deals in prince's visit

Saudi Arabia’s national oil company signed a batch of deals with UK companies including Royal Dutch Shell Plc as Crown Prince Mohammed bin Salman visits the nation in an effort to demonstrate the kingdom is open for business.

World of Oil & Gas

Emily Querubin, World Oil

TAG Oil Ltd. (70%), operator of the Puka permit (PEP 51135) in New Zealand’s Taranaki basin, said the Pukatea-1 exploration well was drilled to 10,170 ft, MD, encountering variable hydrocarbon shows.

Hunting introduces advanced semi-premium connection

Hunting Energy Services, a subsidiary of Hunting PLC, the international energy services company, today announced the introduction of its TEC-LOCK semi-premium connection technology.

Fracers in UK pick cold as time to make point on gas supply

Britain’s natural gas fracing industry is using a cold snap that’s gripped large swathes of Europe this week and laid bare weaknesses in the UK’s energy supply to make its pitch.

Big freeze stretches UK gas supplies as prices skyrocket

The freezing weather entrenched across much of Europe is stretching Britain’s supply of natural gas with fresh snowfall forecast for much of the country.

Dutch outbid British for gas as freeze exposes supply limits

Traders in Europe’s two biggest natural gas markets were scrambling for fuel on Wednesday, sending prices soaring as freezing weather exposed supply issues.

UK set to become net crude oil exporter

For all the talk of aging oil fields and shrinking production, the UK is about to achieve a surprising feat: it’s on the brink of becoming a net crude oil exporter for the first time in 14 years.

Sparrows Group re-awarded two five-year contracts from TAQA

Sparrows Group has been re-awarded two five-year contracts with TAQA to deliver crane operations, maintenance, rigging loft and fixed lifting inspection services to its UK Continental Shelf (UKCS) assets.

Venezuela plight has U.S. rushing for heavy UK crude

Oil refineries in the U.S. Gulf of Mexico are buying the most crude from the UK North Sea in more than seven years as they scramble to replace lost supplies from Venezuela.

Hurricane Energy announces successful trial fit testing of buoy, FPSO turret at Lancaster field

Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to provide an operational update on activities related to the Early Production System at Lancaster field (Lancaster EPS).

New Products and Services

Alex Endress, World Oil

National Oilwell Varco (NOV) has introduced the iSeries NXT platform to its portfolio of Tolteq MWD/LWD directional systems and tools.

BP exploration discoveries mark positive start for North Sea in 2018

Oil & Gas UK says two new exploration discoveries in the North Sea by a super-major mark a more positive start to the year for the UK’s offshore industry.

Western Europe's biggest oil producer is getting another fix

A rally in the price of black gold is giving Norway another fix.

Jersey Oil & Gas announces approval of Verbier appraisal

Jersey Oil & Gas, an independent upstream oil and gas company ‎focused on the UK Continental Shelf (UKCS) region of the North Sea, is pleased to announce that the co-venturers in respect of UKCS Licence P.2170 (Blocks 20/5b & 21/1d) (P.2170), which contains the Verbier oil discovery and the Cortina prospect, have approved a work program and budget for 2018.