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Shell announces Marjoram-1 gas discovery in deep-water Malaysia:

Shell today announces further exploration success in Malaysia with another gas discovery at the Shell-operated deep-water Marjoram-1 well.

“Our strategy to expand our heartland areas through technologically advanced exploration is delivering tangible success in deep-water in Malaysia,” said Andrew Brown, Shell Upstream International Director.

“We have a long history in the…

Scotland, a Future Global Leader in Decommissioning:

Shetland is bidding to become a global leader in a multi-billion pound industry as a result of over £20million of investment announced by Cabinet Secretary John Swinney today.

A set of multi-million pound investments by Lerwick Port Authority and international energy logistics company Peterson aims to create a decommissioning centre…

EnQuest buoyed by strong rise in production:

North Sea oil and gas producer EnQuest today announced a jump in output for the first six months of the year and said it was confident the strong performance would continue into the second half.

Production averaged 25,292 barrels of oil equivalent during the six months to 30 June, an…

One of the largest untapped North Sea fields is on track for first oil in 2018:

One of the largest untapped North Sea fields is on track for first oil in 2018 and is expected to produce for 20 to 30 years, its developers have claimed.

Graham Stewart, chief executive of Faroe Petroleum, said its combined Lowlands and Perth fields about 140 miles north-east of Aberdeen…

Brent crude edges up towards $102 per barrel:

Brent crude edged up towards $102 per barrel on Tuesday, but stayed near a 14-month low reached in the previous session on weak demand and easing concerns over risks to supply.Brent shed nearly $2 on Monday, as investor worries over conflict in Iraq eased, and as higher Libyan oil…

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