News Archive for: February 2014

An overhaul of North Sea oil regulation designed to deliver an extra £200bn to the UK economy must be backed by more tax breaks, the industry has warned.

Ed Davey, the energy secretary, will on Monday pledge to fast-track the implementation of Sir Ian Wood’s recommendations for maximising North Sea…

Ithaca Energy Inc announces that the TOTAL E&P Norge AS operated exploration well 25/5-9 on the “Trell” Prospect in licence PL102 F/G in the Norwegian North Sea has discovered oil in the Paleocene Heimdal Formation. The well intersected 19 metres of net pay in excellent quality Heimdal reservoir, in…

Spending on floating production systems could rocket over the next four years, a new report has claimed.

Energy industry analysts Douglas Westwood predict a 138% increase in FPS and FPSO expenditure by 2018, taking the market to around $99billion.

And despite predictions of a slowdown in upstream expenditure this year, the…

Many of the world’s oil and gas professionals are descending on London for International Petroleum Week. But much of the debate will be about America – and the lessons the UK and others can learn from its recent experience.

The energy renaissance in the US will start a lot of…

A new, fully-integrated incident investigation, reporting and management tool being implemented by EnQuest is believed to be an industry first for the North Sea.

The innovation integrates two well-established market-leading systems for the first time, which together enable seamless incident investigation, reporting and management from start to finish, unlike many…