Thursday, February 25, 2021

Oil Benchmark Revamp Sees Surge in Trading of Opaque Swaps

By Alex Longley (Bloomberg) — A planned overhaul of how the world’s most important benchmark crude price is calculated has caused a surge in trading of swaps used to hedge North...

February 25, 2021
Total Views: 785

Wednesday, April 10, 2019
mariner oil field equinor

Equinor Again Delays Start-Up of Britain’s Mariner Offshore Oilfield

By Nerijus Adomaitis OSLO, April 10 (Reuters) – The operator of the Mariner heavy oil field, one of Britain’s largest offshore developments in years, postponed its start-up to summer 2019...

April 10, 2019
Total Views: 36

Monday, January 15, 2018
shell oil

Shell Gives North Sea Shot in Arm With Field Redevelopment

By Kelly Gilblom (Bloomberg) — Royal Dutch Shell Plc made one of its biggest commitments to the North Sea in 30 years, with plans to redevelop the Penguins oil and...

January 15, 2018
Total Views: 3

Wednesday, December 27, 2017
offshore oil platform
Maritime News

North Sea Forties Pipeline Pumping at Half Capacity -Source

LONDON, Dec 27 (Reuters) – Britain’s biggest and most important oil pipeline, Forties, was ramping up throughput after repairs and was currently pumping at around half its normal rates, a...

December 27, 2017
Total Views: 3

Wednesday, November 1, 2017
norway oil rigs

Norway’s Oil Output Threatened as Explorers Neglect North Sea

By Mikael Holter (Bloomberg) — Oil explorers are neglecting their old hunting grounds in the North Sea, threatening to deepen an expected slump in Norway’s output in the middle of...

November 1, 2017
Total Views: 4

Wednesday, September 6, 2017
north sea oil rig
Maritime News

Big Oil Still Loves the North Sea

By Rakteem Katakey (Bloomberg) — Europe’s biggest energy companies have a message for the aging U.K. North Sea oil industry: We may be selling assets, but that doesn’t mean we’re...

September 6, 2017
Total Views: 3

Tuesday, September 5, 2017
Maritime News

U.K. North Sea Oil Field Startups Surge to 10-Year High

By Abigail Morris (Bloomberg) — The U.K. North Sea is on track for the biggest year of oil and gas field startups in a decade, continuing the aging province’s surprising...

September 5, 2017
Total Views: 5

Tuesday, March 7, 2017
Maritime News

Maersk Could Land Danish North Sea Oil Deal Within Days, Sources Say

By Erik Matzen COPENHAGEN, March 7 (Reuters) – Oil and shipping conglomerate A.P Moller-Maersk could land a deal with the Danish government on oil and gas operations in the North...

March 7, 2017
Total Views: 5

Wednesday, November 23, 2016
north sea oil rig with offshore workboat alongside

North Sea Oil Glut to Get Short-Term Relief

By Laura Hurst and Brian Wingfield (Bloomberg) — A glut of North Sea oil that’s helped depress global prices and heap pressure on OPEC is poised for short-term relief after traders...

November 23, 2016
Total Views: 0

Wednesday, September 14, 2016
Maritime News

Maersk Oil Sells North Sea Stakes

By Ron Bousso LONDON, Sept 14 (Reuters) – Maersk Oil, a unit of Danish conglomerate A.P. Moller-Maersk, has agreed to sell stakes in three North Sea fields to RockRose Energy,...

September 14, 2016
Total Views: 2

Wednesday, August 24, 2016
north sea oil rig with offshore workboat alongside

ITF Slams North Sea Oil’s ‘Secretive Corporate Structures’

The International Transport Workers Federation is slamming offshore oil companies operating in North Sea after a report claimed that many are using a complex web of companies to move money and avoid paying...

August 24, 2016
Total Views: 4

Wednesday, July 27, 2016
Maritime News

A Summer Cruise to North Sea Oil Rigs Amazes Tourists

By Ilze Filks and Gwladys Fouche OSLO, July 27 (Reuters) – Bored with palm-fringed beaches and turquoise seas? Then the gigantic oil platforms of the North Sea beckon. The first...

July 27, 2016
Total Views: 36

Wednesday, November 18, 2015
Maritime News

U.K. North Sea Oil Decommissioning Costs Set to Rise, Group Says

By Angelina Rascouet (Bloomberg) — The cost of dismantling oil production facilities in the U.K. North Sea over the next decade will be higher than previously forecast as more fields...

November 18, 2015
Total Views: 3

Tuesday, September 1, 2015

Subsea 7 Lands $150 Million Culzean Field Contract from Maersk Oil

  Offshore contractor Subsea 7 says it has been awarded a $150 million subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil for the development of the Culzean field...

September 1, 2015
Total Views: 11

Monday, August 31, 2015

Maersk Oil Approved to Develop Large Culzean Field in UK North Sea

  COPENHAGEN, Aug 31 (Reuters) – Maersk Oil has received approval by the UK’s Oil & Gas Authority to develop the largest gas field discovered in the UK North Sea...

August 31, 2015
Total Views: 6

Friday, August 14, 2015
maersk drilling rig

Maersk Reveals Appetite for North Sea Oil Mergers and Acquisitions

  By Christian Wienberg (Bloomberg) — A.P. Moeller-Maersk A/S is actively searching for North Sea oil acquisitions as the drop in energy prices makes takeovers a better option than exploration....

August 14, 2015
Total Views: 1

Thursday, June 25, 2015

Norway Offshore Workers Agree Wage Deal, Avoiding Strike

Norwegian offshore oil rig workers signed a new wage deal on Thursday, avoiding a strike that could have cut energy production, labour unions said.

June 25, 2015
Total Views: 1

Thursday, June 11, 2015
Maritime News

Survey Paints Bleak Picture for North Sea Oil and Gas Industry

  Two-thirds of North Sea oil and gas industry operators (67 percent) have been forced to cancel projects because of the recent fall in oil price, according to an industry...

June 11, 2015
Total Views: 0

Tuesday, January 20, 2015
north sea production oil rig farstad

Chancellor Osborne Pledges More to Help North Sea Oil Industry

U.K. Chancellor of the Exchequer George Osborne said he’s likely to announce further steps to help Scotland’s North Sea oil and gas industry.

January 20, 2015
Total Views: 0

Wednesday, November 19, 2014
visund a statoil

Norway Faces Oil and Gas Project Delays with Crude Slump

Norway faces more delays in offshore oil and gas projects and reduced exploration next year after the value of crude slumped by a third, according to the industry regulator for western Europe’s biggest oil-producing country.

November 19, 2014
Total Views: 0