Shell provides fresh boost for North Sea oil and gas industry

11/10/2018 08:48 Energy

news

Royal Dutch Shell has provided fresh encouragement for the North Sea oil and gas industry by deciding to develop the Arran field around 150 miles east of Aberdeen.

The field development is the fourth the oil and gas giant has approved in the UK North Sea this year.

 

The decision to develop fields such as Arran shows giants like Shell once again see the potential to achieve good returns on projects in the North Sea.

 

Arran is expected to produce 21,000 barrels of oil equivalent per day at peak. First gas is targeted in 2021.

 

Shell and BP expect to start production from the Clair Ridge development West of Shetland this year, with output expected to peak at 120,000 boepd.

 

Shell has also approved the Fram development and the revamp of the Penguins field in the North Sea this year. The Arran development requires approval by the Oil and Gas Authority.

Source: heraldscotland.com

Russia’s coal exports, production hit 5-year high in 2018

14/01/2019 09:26:00

Russia’s production and exports of coal hit last year their highest levels since 2013, according to Platts estimates of data from Russia’s Energy Ministry.

<READ MORE

Trans Adriatic Pipeline secures €3.9bn project financing

14/01/2019 09:20:00

The Trans Adriatic Pipeline, which will be laid between the Turkish-Greek border and Italy, aims to bring Caspian natural gas from the giant Shah Deniz II field in Azerbaijan to Europe. The pipeline will also have a subsea section of 105km in the Adriatic Sea.

READ MORE

Norway’s Oil Production To Fall To 30-Year Low

14/01/2019 09:09:00

Despite cost controls, increased efficiency, and higher activity offshore Norway, oil production at Western Europe’s largest oil producer fell in 2018 compared to 2017 and is further expected to drop this year to its lowest level since 1988.

READ MORE