News Archive for: June 2014

Buys Malaysian oil firm for up to $23 mln

* Applies to work in Norwegian North Sea

* Says 2012 output to be in middle of guidance

LONDON, Nov 9 (Reuters) – North Sea-focused oil firm EnQuest said it would seek long-term growth outside of its core British production area, buying…

Export sales from Scotland’s oil and gas supply chain grew to £10bn in 2013, according to a recent study.

Investment agency Scottish Enterprise calculated that this represented an increase of 22 percent from the previous year, and indicated that more than half of work in this area resulted from overseas…

Brent crude oil steadied around $110 a barrel on Tuesday, supported by tight supply and hopes of demand growth from the world’s top oil consumers, the United States and China.

Oil exports from Libya have dropped to a trickle in recent months, removing as much as 1.4 million barrels…

Hurricane is pleased to announce that it has completed the drilling phase of the ongoing operation to drill and test a horizontal appraisal well on its Lancaster discovery, West of Shetland. The well has been drilled to plan and a one kilometre horizontal section through the basement reservoir is…

As soon as it lifted the moratorium on shale gas fracking in December 2012, the UK government began championing the benefits that a shale gas industry could bring to the country’s economy. Indeed, the government is so keen to see a shale gas industry develop quickly in the UK…