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Oil majors reluctant to place bets on aging North Sea, as output descends

Emily Querubin, World Oil

Since the 1960s, the North Sea has remained a highly sought-after region for oil and gas E&P.

Achilles launches 6,000 member oil and gas supplier network for Europe

Achilles Information, a supply chain risk and performance management provider, has launched the most comprehensive supplier network available for the oil & gas industry: Oil and Gas Europe.

ION aligns with Danish Energy Agency on new 3D reimaging program offshore Denmark

ION Geophysical announced a new 3D multi-client reimaging program offshore Denmark, aligned with the Danish Energy Agency's objective to boost exploration activity by providing a modern, affordable 3D depth-imaged data set.

Neptune Energy to acquire interests in German fields from Wintershall Dea

Neptune Energy has agreed to acquire interests in certain oil and gas fields in Emsland and the Grafschaft Bentheim region in Germany from Wintershall Dea.

UK warship arrives to protect Hormuz as Seoul mulls deployment

Efforts to secure safe passage through the Strait of Hormuz are ramping up as the UK said a second warship arrived in the area and South Korea may deploy its own unit as part of a multinational force.

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.

Turkey scoffs at EU rebuke, vows to keep drilling off Cyprus

Turkey rebuffed measures by the EU and vowed to go ahead with its exploration in a growing dispute with EU member Cyprus.

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.

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.