News Archive for: August 2015

The arrival of two new companies into the North Sea could be the start of an on-going pattern as major’s looks to sell off some of their smaller assets, according to a top expert.

Professor Alex Kemp said the sale of Shell’s Anasuria assets to new smaller player Hibiscus and…

Offshore industry group Oil & Gas UK said it was an encouraging for the North Sea

BP appears set to invest around US$1bn into the Eastern Trough Area project, in the North Sea, which will see key infrastructure renewed until at least 2030.The oil major’s decision is a boost for…

BP has confirmed a bumper $1billion investment in one of its cornerstone North Sea assets.

The cash injection is expected to add 15 years to the project – nearly doubling the site’s lifespan.

The North Sea pioneer revealed the billion dollar price tag exclusively to Energy Voice.

The money will be funnelled…

Oil in London traded below $50 a barrel near a six-month low amid speculation Iranian supplies will exacerbate a global surplus as demand from the U.S. to China slows.

Brent futures were little changed after falling 5.2 percent on Monday to below $50 for the first time since January. The…

Parkmead, the UK and Netherlands focused independent oil and gas group, has been provisionally awarded three new licences covering three offshore blocks in the UK 28th Licensing Round.

These newly awarded licences are part of the second tranche of 28th Round awards. This latest award follows Parkmead’s award of six…