News Archive for: October 2012

Dana Petroleum has picked up seven operated North Sea blocks out of 22 full and partial blocks awarded to it in the UK’s 27th licensing round.

Managing director Paul Griffin said the new blocks from last Thursday’s round would bolster the explorer’s bid to ramp up output to 100,000 barrels…

The rumours of the death of North Sea oil have been greatly exaggerated

Those industry analysts who have predicted a rapid, irreversible decline in North Sea oil and gas activity might have to reassess their position in light of the 27th UK Licensing Round. The Department of Energy and Climate…

The wonders of US shale gas continue to amaze. We receive fresh evidence by the day that swathes of American industry have acquired a massive and lasting advantage in energy costs over global rivals, demolishing assumptions about US economic decline.

Royal Dutch Shell is planning an ethane plant in the…

Hess Corp said it has agreed to sell its interest in the Beryl area fields in the North Sea and the Scottish Area Gas Evacuation System to Royal Dutch Shell for $525m (£327m).

The Beryl fields, located northeast of Aberdeen and operated by Apache Corp, produced about 14,000 barrels of…

Norwegian giant Statoil posted a rise in profits during the third quarter as lower tax and operating expenses helped offset a slight dip in revenue, while it also warned it expected output to fall in 2013.

The company posted a net profit of Nkr14.5 billion ($2.5 billion) for the three…