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News Archive for: January 2014

2013 sees 44% rise in North Sea fields starting production but 28% drop in exploration and appraisal drilling:

The number of fields which began producing oil and gas in the UK hit its highest level for five years in 2013, as a number of operators focused on development activity. This is according to the latest report into offshore activity from Deloitte, the business advisory firm.

The report, detailing…

UK Sees Rise in Field Start-Ups in 2013. Drilling Numbers Drop:

The number of fields which began producing oil and gas in the UK hit its highest level for five years in 2013, as a number of operators focused on development activity. This is according to the latest report into offshore activity from Deloitte, the business advisory firm.

The report, detailing…

Total makes further UK shale move with new £15m deal:

Total is to increase its interest in the UK’s shale gas potential after agreeing to pay up to £15million for another project.

The French oil giant has struck an opt-in deal with Egdon Resources for a further licence in Lincolnshire.

The deal will give Total the option to farm into the…

Mixed picture for North Sea as start-ups reach five year high while exploration drops:

North Sea oil and gas exploration is at a “crossroads”, according to a new report on the industry.

Deloitte’s Petroleum Services Group (PSG) found the number of fields starting to produce in the UK hit its highest level for five years, with a 44% increase in 2013 compared with the…

San Leon agrees Chevron deal to upgrade Morocco shale project:

Shale gas explorers San Leon have struck an exclusive deal with Chevron for technology to upgrade oil from its operations in Morocco.

The agreement will see San Leon working with Chevron’s Lummus Global arm to upgrade their shale extraction technology and produce high quality synthetic crude from the Timahdit area.

Chevron…

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