News Archive for: January 2013

BP has started production from one of the largest subsea developments in the world as flows from the PSVM development off Angola got under way on Thursday.

Production from the development in Block 31, operated by the UK supermajor, is set to hit 70,000 barrels per day of oil before…

Falklands oil and gas explorer Borders & Southern’s shares jumped more than 10pc on Monday morning after it increased estimates for Darwin discovery, and raised hopes the find could be technically and commercially viable.

The explorer made a ‘significant’ discovery of gas condensate – a petrol-like light oil – at…

Chevron has reportedly restarted production at the Britannia gas field in the UK North Sea after an unplanned shutdown.

“Britannia facilities resumed full production on Sunday 27 January 2013,” a spokeswoman for Chevron told Reuters.

The platform had been shut down as a precaution on 16 January, the operator said previously,…

BP has finally brought on stream first oil from a new platform at its Valhall redevelopment project off Norway that is set to extend the lifetime of the veteran field by a further 40 years.

The British operator is now looking to build up production from the field to around…

An audience of MPs representing constituents the breadth of the country will tonight (23 January) hear how changes in the tax regime designed to promote investment in the UK’s oil and gas reserves are already resulting in billions of pounds of valuable work for British firms and the creation…