News Archive for: August 2014

One of the largest untapped North Sea fields is on track for first oil in 2018 and is expected to produce for 20 to 30 years, its developers have claimed.

Graham Stewart, chief executive of Faroe Petroleum, said its combined Lowlands and Perth fields about 140 miles north-east of Aberdeen…

Brent crude edged up towards $102 per barrel on Tuesday, but stayed near a 14-month low reached in the previous session on weak demand and easing concerns over risks to supply.Brent shed nearly $2 on Monday, as investor worries over conflict in Iraq eased, and as higher Libyan oil…

Independent oil producer EnQuest has achieved a major safety milestone after recording a total of 11 years without a lost time incident (LTI) across three of its North Sea producing assets.

The Heather drilling team achieved eight years without an LTI. During this period EnQuest completed its return to drilling…

An oil field due to begin production east of Shetland could produce oil until 2050, it has emerged.

Xcite Energy said yesterday that its Bentley find – one of the North Sea’s largest untapped resources – could produce more than 700million barrels of oil over 35 years.

The firm plans to…

North Sea oil and gas producer EnQuest today announced a jump in output for the first six months of the year and said it was confident the strong performance would continue into the second half.

Production averaged 25,292 barrels of oil equivalent during the six months to 30 June, an…