News Archive for: September 2013

In a move expected to reduce Europe’s dependence on Russian energy, BP and its partners have signed 25-year sales agreements with nine companies to take 10bn cubic metres a year (bcma) of gas from the field, which sits some 70km offshore in the Caspian Sea.

The consortium is working on…

Chevron has won a tender to explore for shale gas in western Lithuania, the government said on its Twitter feed on Tuesday, as the Baltic state tries to wean itself from its dependence from Russian gas.

Chevron was the only bidder to explore for unconventional hydrocarbons in the 1,800 square…

BP announced today that it, and its partners, have now awarded over £1 billion in contracts to UK-based companies to provide services and equipment for the major re-development of the Schiehallion and Loyal oil fields to the west of Shetland.

The project to redevelop the fields, which are operated by…

Salaries in Scotland for skilled oil and gas professionals are around 3.3% higher than the rest of the UK, according to a new survey.

The market specialist behind it – Hays Oil and Gas – reports that average salaries north of the border are about £62,000, compared with just under…

Global oil production is set to rise by more than 500,000 barrels a day as season declines in the North Sea are offset by production in the USA.

New figures from the International Energy Agency shows supply levels have fallen by 770,000 barrels a day in August to 91.59million barrels…