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News & Commentary

There is still a future for North Sea oil and gas:

Despite concern about depleting reserves, innovation in the energy sector is particularly strong. Businesses working in the North Sea recognise that what they learn here about deep-water extraction will stand them in good stead when working or servicing fields in other parts…

Tullow farms into Cooper Block off Namibia:

Eco (Atlantic) Oil & Gas Ltd. has executed a Farm-out agreement with Tullow Kudu Limited, a wholly owned subsidiary of Tullow Oil plc., pursuant to which Tullow has agreed to acquire up to a 40% working interest in Block 2012A (Cooper Block) in the Walvis Basin, offshore Namibia.

This Farm-In,…

Shell drills deeper in the Gulf of Mexico to meet demand:

It is with some pride that Marvin Odum, the president of Shell Oil and director of its upstream business in the Americas, talks about the rapid pace at which his company is reaching new depths in the Gulf of Mexico. “More people have walked on the moon than have…

Oil & Gas provides 70 per cent of UK’s total energy demand:

Oil & Gas UK has welcomed today’s report: ‘Delivering UK Energy Investment 2014′ from the Department of Energy & Climate Change (DECC), as a useful contribution to the debate around the future of the oil and gas industry.

Malcolm Webb, Oil & Gas UK’s chief executive, said: “As the biggest investor…

UK Government pledges £15million to set up new oil and gas regulator:

Oil and gas chiefs have welcomed a £15million contribution from the UK Government towards the cost of a new industry regulator.

Trade body Oil and Gas UK (OGUK), which recently complained Westminster was “seeking to absolve itself from all financial involvement”, said last night it was “delighted” by the show of commitment,

The Oil and Gas Authority…

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