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North Sea needs £1 trillion to tap remaining oil and gas:

Over £1 trillion of investment will be required to recover all of the remaining oil and gas that is thought to exist offshore in British waters, according to the latest industry report from Oil & Gas UK.Unless more incentives are provided for drillers to work in the UK Continental…

Cairn sells 10% Catcher stake for $182m:

Oil and gas explorer Cairn Energy has agreed to sell a 10 per cent stake in the Catcher development in the North Sea for up to $182 million (£111.8m)

The stake in the North Sea project is being bought by Dyas UK and the deal will see Cairn’s interest in…

Aberdeen oil and gas explorer Parkmead Group announces new discovery:

Aberdeen oil and gas explorer Parkmead Group announced a new discovery yesterday.

It said it had found a new gas field in the Netherlands which it expects will feed into existing production infrastructure in the area.

The Diever-2 exploration well is in the Diever West prospect, which forms part of the onshore Drenthe IIIb production licence.

Parkmead –…

Technology boost for Scotland’s oil reserves in North Sea:

New gas and water technologies could add decades to the lifespan of oil reserves in the North Sea, according to Edinburgh researchers.

A Heriot-Watt University team said they had made a breakthrough in developing clean and cheap methods to maximise extraction from existing fields.

The university has been working on a…

New technologies could add decades to life span of North Sea oil reserves:

A team at Edinburgh’s Heriot-Watt University say they have made a breakthrough in developing clean and cheap methods to maximise extraction from existing fields.

The university’s Centre for Enhanced Oil Recovery has been working on a technique known as low-salinity water injection and researching which fields would benefit most from…

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