News Archive for: November 2013

British independent oil producer EnQuest Plc is expected to announce on Friday it will invest 4 billion pounds ($6.4 billion) to extend development of the Kraken field in the North Sea, the Daily Telegraph reported.

The project at the field, east of the Shetland Islands, could create 20,000 jobs during…

Statoil has together with partners in PL348/348B made an oil discovery in the Snilehorn prospect in the Norwegian Sea, approximately fifteen kilometres northeast of the Njord field.

This is the third near-field discovery in the Norwegian Sea in three months.

Exploration well 6407/8-6 and sidetrack 6407/8-6A, drilled by the Songa Trym…

Aberdeen’s Lord Provost today (November 12) gave his seal of approval to what is set to become a new landmark building in the city.

Work is now well underway to replace the derelict Aberdeen Seafood Park in the harbour area with a new North Sea headquarters for leading UK independent…

Britain could extract 4bn barrels of oil and gas that would otherwise be left beneath the North Sea – delivering a £200bn boost to the economy – if a proposed industry shake-up is implemented, a government-commissioned report has found.

A new high-powered regulator should be appointed to co-ordinate an all-out…

A drive to provide a new lease of life for North Sea oil and gas exploration and production will get under way on Monday with the publication of an interim report on the opportunities and challenges facing companies and the government.

The report from a team headed by Sir Ian…