News Archive for: October 2013

For three decades the UK, Norway and Netherlands have feasted on the large volumes of oil and gas discovered in the North Sea.

But as production in the prolific basin declines, a multibillion dollar clean-up operation is required to return an area of sea pockmarked with ageing platforms, wells and…

Chevron Corporation (NYSE:CVX) announced its Australian subsidiary has acquired exploration interests in two offshore blocks located in the Bight Basin, a deepwater frontier basin.

Blocks S12-2 and S12-3, which span more than 8 million acres (32,375 square kilometers), are located approximately 275 miles (443 kilometers) west of Port Lincoln off…

North Sea-focused oil and gas company EnQuest has acquired 50% interest in the UK Continental Shelf Greater Kittiwake Area (GKA).

The £24.7million deal includes a share in the Centrica-owned platform as well as a 100% interest in the Kittiwake-to-Forties oil export pipeline.

“I am delighted to announce our acquisition of these…

Dozens of floating liquefied natural gas (LNG) vessels will be developed by the energy industry over the next two decades, unlocking major new gas reserves that could otherwise not be produced, Royal Dutch Shell has predicted.

Speaking on a visit to the first ever floating LNG vessel, Prelude, which Shell…

* November output up 17 pct to 2.109 mln bpd

* Poor outlook for refiners expected to dampen demand

* Potential strike at Grangemouth could impact Forties

LONDON, Oct (KOSDAQ: 039200.KQ – news) 11 (Reuters) – North Sea oil output tracked by Reuters will rise by 17 percent in November from October…