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News Archive for: December 2012

Production has resumed at the Victoria gas field in the UK Southern North Sea:

Operator ConocoPhillips reported an “unplanned outage” on the Lincolnshire Offshore Gas Gathering System – known as Loggs – which carries production from a number of fields in the UK Southern North Sea including the Victoria field on 20 December.

Today Bridge Energy said output has resumed from the Victoria field…

Statoil to create 700 jobs in North Sea development :

Statoil is to invest £4.3bn in a North Sea oil field, bringing hundreds of jobs to the north east of Scotland.

The Norwegian company said the investment in the Mariner field was the largest new offshore development in the UK in more than a decade.

Statoil expects to start production from…

Chevron acquires Kitimat stake:

EOG Resources and Encana have sold their shares in Kitimat LNG and the Pacific Trail Pipeline to Chevron, the supermajor announced on 24 December 2012.

The financial terms of the deal were not disclosed. EOG Resources Canada and Encana previously held 30% each in Kitimat. Under the new agreement, Chevron…

Heavy oil is difficult to produce but will bring great benefits to the UK:

UK oil and gas producers together invest more in Britain than any other industrial sector.

That position is strengthened by Statoil’s commitment to spend over £4bn to bring what’s known as ‘heavy’ oil in the North Sea Mariner field into production.

The field is expected to produce for thirty years and…

Norway’s Statoil Buys Marcellus Shale Land in U.S:

OSLO, Norway (AP) — Norwegian energy company Statoil ASA says it has bought 70,000 acres of land rich in gas and liquid gas in West Virginia and Ohio.

The $590 million deal expands the company’s assets in the Marcellus Shale gas deposits in the Appalachian region.

Company spokesman Baard Glad Pedersen…

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