Latest news
Norway’s oil sector faces strike threat
Norway's vast oil sector could face disruption as employees at key supply bases plan to walk off the job on Monday, April 8, threatening supplies to offshore platforms.
read more... 08/04/2013
TAQA: Hydrocarbon leak at a key platform in North Sea UK
An important oil pipeline network, which handles about 6% of UK’s oil production, was forced to halt its production following a leak at a key North Sea oil platform. The shutdown was confirmed by Abu Dhabi National Energy Co (TAQA) on January 14, at one of its platforms in the UK North Sea.
read more... 16/01/2013
Daily: European power for Monday mixed on more French nuclear and cold weather
Brent and U.S crude futures rose on Friday, backed by the intensification of conflict between Israel and Palestinian militants who stimulated concerns about supply in the Middle East and by a fire on an energy platform in the Gulf of Mexico.
read more... 19/11/2012
Statoil shuts Troll C platform, hitting 120,000 barrels per day oil output
Norwegian energy giant Statoil has recently shut its significant Troll C oil and gas platform in the North Sea because of corrosion found in the auxiliary system for gas treatment, slashing Norway’s oil production by around 8 percent.
read more... 16/11/2012
Daily: Gas demand in UK dropped to a six year low
Tight supplies of natural gas in UK might not hit consumers as their demand is currently 30% under the seasonal norm, having dropped to a six year low from an average of 223 million cubic meters last summer to 155 million cubic meters at the end of July this year. Gas supplies have dropped due to lower LNG output, a loss of the Elgin-Franklin platform and lower UK gas production during an intense maintenance period. This week, natural gas prices were traded at roughly 55.50 pence per therm.
read more... 23/08/2012