Latest news
North Sea oil drilling ban 'unlikely' but not ruled out by UK ministers
The UK government is unlikely to impose an "outright" ban on new exploration licenses in the North Sea basin, a person close to the matter told S&P Global Platts on March 15, after weekend reports that ministers were considering a moratorium on new drilling.
read more... 16/03/2021
UK's SDX looks to accelerate Egyptian onshore gas exploration
UK-listed upstream junior SDX Energy -- which is focused on mostly gas-producing assets in Egypt and Morocco -- plans to accelerate new drilling at its flagship South Disouq concession onshore Egypt, its CEO Mark Reid said Nov. 19.
read more... 20/11/2020
UK oil and gas output to take hit as drilling slumps to lowest since 1970s
Drilling activity in the UK oil and gas sector this year is set to slump to the lowest level since the 1970s, with lower activity expected to negatively impact production in 2021-22, and fears for the competitiveness of the overall North Sea basin, industry group Oil & Gas UK said Nov. 11.
read more... 12/11/2020
U.S. drillers add most oil and gas rigs in a month since May 2018
The oil and gas rig count, an early indicator of future output, rose for the ninth straight week, growing by nine to 296 in the week to Oct. 30, energy services firm Baker Hughes Co said
read more... 02/11/2020
Norway’s oil, gas exploration falls in 2020
The Norwegian petroleum directorate (NPD) said today a lack of new discoveries offshore Norway could rapidly reduce oil and gas production after 2030, as the number of exploration wells drilled this year is set to halve from 2019.
read more... 28/10/2020