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French major Total has found oil with a wildcat well located some seven miles east of the Heimdel field in the central North Sea, the Norwegian Petroleum Directorate reported Friday.
The 25/5-9 well was targeting hydrocarbons in Paleocene reservoir rocks (the Heimdel formation), known as the Trell prospect. It found…
Oil and gas employees working in Europe are now the highest paid in the global industry – largely thanks to the UK government’s moves to encourage North Sea oil.
Average annual pay for energy staff in the region rose 14pc year on year to £72,714 in 2013, taking them above…
OIL exploration in the North Sea has fallen to its lowest level in 50 years, leaving the industry facing its biggest challenge since drilling began in UK waters.
The annual Oil and Gas UK activity survey, published yesterday, said the past three years have seen the lowest rate of exploration…
David Cameron was flown out to an oil and gas platform 150 miles offshore yesterday as the “vital” North Sea industry took centre stage in the independence battle.
The prime minister jetted into Aberdeen in the morning, and took a helicopter out to BP’s Etap installation, before returning to chair…
The new Regulator would be a new arm’s length regulatory body charged with effective stewardship and regulation of UKCS hydrocarbon recovery, and maximising collaboration in exploration, development and production across the Industry.
Light touch not enough
According to the report, in the early days with large fields to be found by…
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