Latest news
Daily: UK gas slips on oversupplied system
Brent crude futures declined on Thursday as the North Sea Buzzard oilfield was expected to restart after maintenance and on worries about the euro-zone economy. Brent crude for delivery in December dropped 53 cents or 0.49 percent, settling at $108.17 a barrel, having traded from $107.75 to $109.03.
read more... 02/11/2012
Norway: Statoil to connect its onshore power to North Sea fields
Norwegian energy giant Statoil envisages connecting onshore power to some North Sea oil and gas fields by 2018, move which will cost 10 billion crowns ($1.75 billion) investment that could potentially slash its future tax bill.
read more... 02/11/2012
Shell and Exxon Mobil to develop a huge North Sea field
The two oil giants, including Shell and Exxon Mobil, have received the final approval from the Department of Energy and Climate Change (DECC) for the development of a huge project in the North Sea, involving the development of Fram oil and gas field, 136 miles east of Aberdeen, which was described as one of the most significant central North Sea developments for more than a decade and among the largest planned for UK waters.
read more... 23/10/2012
Daily: UK gas prices up on tight supplies
Brent crude futures declined on Thursday on the expected restart of a North Sea oilfield in weekend and pessimistic data on U.S. jobless claims.
read more... 19/10/2012
Norway’s oil and gas output targets for 2012 in doubt
According to the Norwegian Petroleum Directorate (NDP), Europe’s biggest oil producer is expected to miss its oil and gas output target due to interruptions and technical problems. Norwegian oil and gas production fell deeply in September, as various fields were put on care and maintenance, and will likely produce less oil than the expected 1.6 million barrels per day in 2012.
read more... 18/10/2012