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Jersey Oil and Gas details Buchan’s "significant" resources

Jersey Oil and Gas PLC has revealed the findings of a new independent evaluation of its recently acquired Greater Buchan Area project in the North Sea.

First oil

Kurt Abraham, World Oil

Another mixed outlook awaits the E&P sector

EU’s lending arm to phase out funding of fossil fuels

The European Investment Bank plans to stop funding fossil fuels starting in 2021 as Europe steps up the fight against climate change, according to a draft of the EIB’s new energy strategy.

Aker BP completes drilling of wildcat northeast of the North Sea's Alvheim field

Aker BP ASA, operator of production license 442, has completed the drilling of wildcat well 25/2-21 (Liatårnet).

New CEO appointed at EnerMech

EnerMech, the Aberdeen-headquartered provider of specialist services to the energy and infrastructure sectors, has today announced that John Guy has been appointed as CEO, succeeding company founder Doug Duguid, who will assume the role of deputy chairman.

Improved reservoir recovery anticipated for Norway’s Gudrun field with new investment

The Gudrun partners have decided to invest in a water injection plant on the Gudrun field to improve reservoir recovery. This will extend the field life by three years compared to the original plan.

Equinor drills dry Norwegian well west of Johan Sverdrup

Equinor Energy AS, operator of production licence 502, has completed the drilling of wildcat well 16/5-7.

Decommissioning in Shetland expands with the arrival of more North Sea structures

The Dales Voe decommissioning facility in Shetland is one step closer to becoming a center of excellence for recycling offshore structures from the North Sea with the arrival of two new installations for decommissioning by strategic partners Veolia and Peterson.

Norwegian Petroleum Directorate reports high activity in the first six months of the year

Production on the Norwegian shelf is holding steady at a high level. Many projects are in the development or planning phases.

Aker BP strikes oil in the NOAKA area, offshore Norway

Aker BP is about to complete the Liatårnet exploration well in license 442 in the NOAKA area. The well has proved oil with a gross resource estimate of 80-200 MMboe.

Britain raises Gulf shipping threat to highest level possible

Britain raised the threat level to the highest possible for ships operating in the Persian Gulf as tensions escalate in a region accounting for a third of seaborne petroleum trade.

NPD reports June production figures below forecast

Preliminary production figures for June 2019 show an average daily production of 1,409,000 bbl of oil, NGL and condensate, which is a decrease of 184,000 bpd compared to May. Total gas sales were 9.4 Bscm, which is a decrease from the previous month.

OGA launches 32nd Offshore Licensing Round on the UKCS

The Oil and Gas Authority (OGA) has launched the 32nd Offshore Licensing Round with 768 blocks or part-blocks on offer across the main producing areas of the UK Continental Shelf (UKCS). Acreage is on offer in the Central North Sea, Northern North Sea, Southern North Sea and the West of Shetlands.

Cuadrilla confirms return to UK frac operations

Cuadrilla today confirmed that it will return to hydraulic fracturing and flow testing of natural gas at its flagship Lancashire site in Preston New Road, near Blackpool.

Total divests UK assets to Petrogas for $635 million

Total has signed an agreement to divest several UK non-core assets to Petrogas NEO UK Ltd, the exploration and production arm of the Oman-based conglomerate MB Holding.

Capricorn Norge strikes out southeast of Norne field

Capricorn Norge AS, operator of PL 758, has completed the drilling of wildcat well 6508/1-3.

Giant bank sees natural gas plugging gaps in Europe’s energy shift

One of the world’s biggest clean energy lenders see a future for European natural gas investments.

JFMS survey clears Black Sea site to support future oil exploration

James Fisher Marine Services (JFMS) completes deep-towed subsea survey project for Lukoil, one of the largest publicly traded oil and gas companies in the world, in waters proven to preserve treasures dating back to Venetian golden era of centuries ago.

Equinor grabs bigger slice of giant oil field in deal with Lundin

Equinor ASA built up its share in Norway’s giant Johan Sverdrup oil field in a deal with Lundin Petroleum AB that saw it sell its 16% stake in the Swedish producer.

DTEK Oil & Gas to invest $37 million into Ukraine's Zinkivska Block

DTEK Oil & Gas and its subsidiaries have been selected as winners in a competition for the largest Product Sharing Agreement (PSA) in Ukrainian history.