News Archive for: November 2014

The UK Government has been urged to provide more support to the North Sea oil and gas industry to address claims of a downturn in confidence and job losses.

Sir Robert Smith, MP for West Aberdeenshire and Kincardine, has raised the issue with Chancellor George Osborne ahead of the autumn…

MOL Group has been offered four attractive licenses in the UK Continental Shelf
In case MOL Group will accept, the company will become an operator in the North Sea
MOL Group completed its first acquisition in the North Sea in December 2013
Budapest, Hungary – 13th November, 2014 – MOL Group proudly announces that it…

Oil firm EnQuest said yesterday it was poised for substantial production growth from its UK hubs.

Its bullish update on the North Sea is based on output expectations for the Alma field – due onstream in mid-2015 – and Kraken, which is on schedule for first oil in 2017.

The upbeat…

Parkmead been provisionally awarded six new licences covering a total of nine offshore blocks in the UK 28th Licensing Round, as announced by the Energy Minister.
These newly awarded licences are located in the Central and Southern North Sea areas and will all be operated by Parkmead. According to Parkmead,…

Oil at $80 a barrel won’t stop BP Plc or Total SA from exploring and developing crude deposits.

Oil has dropped into a bear market this year, with prices falling almost 30 percent since June amid a global glut. OPEC won’t cut its collective output when it meets this month…