News
November 07, 2023
The proposed annual licensing rounds will only take place if two key tests are met that support the transition to net zero.
News
November 06, 2023
The recoverable volumes are estimated to be between 5 and 16 MMboe. The well was drilled by the Noble Lloyd Noble rig.
News
November 06, 2023
Legislation to be set out in the King’s Speech on Tuesday would require the North Sea Transition Authority regulator to invite applications to drill for fossil fuels in the North Sea each year, according to a statement issued by Sunak’s office.
News
November 06, 2023
Seagull sustains continued production through the ETAP CPF, which supports 350 full-time jobs, 270 offshore and 80 onshore.
News
November 01, 2023
By delivering real-time information on reservoir behavior, TGS empowers energy stakeholders to make informed decisions, optimize resource utilization and promote sustainable energy practices.
News
October 30, 2023
Licensing is the first step taken by energy production companies with the regulator to find and produce homegrown supplies, managing the nation’s reliance on imports and safeguarding its world-class energy workforce.
News
October 30, 2023
There are currently 284 offshore fields in production in the UK North Sea and an estimated 5.25 Boe in total projected production to 2050.
News
October 26, 2023
With KEG in production, CO2 emissions per bbl will be significantly reduced and oil production from the Alvheim FPSO substantially increased.
News
October 25, 2023
The companies will work as an integrated team to prepare and remove the 20,000-tonne topside using the Saipem 7000, one of the largest semi-submersible heavy lifting vessels in the world.
News
October 20, 2023
Tied back to the Grane platform, the subsea field holds almost 200 MMbbl of recoverable oil.
News
October 16, 2023
Despite Expro’s rise to become a modern billion-dollar global energy services company with 7,600 employees globally, it remains proud of its North Sea roots in Great Yarmouth, where it currently employs around 60 people.
News
October 16, 2023
Norway’s Petroleum Directorate will become the Norwegian Offshore Directorate from the start of next year, while the Petroleum Safety Authority Norway is due to become the Norwegian Ocean Industry Authority.
News
September 27, 2023
The Rosebank oil field is located around 130 km north-west of Shetland in approximately 1,100 m of water depth. Total recoverable resources are estimated at around 300 MMboe, with Phase 1 targeting estimated 245 MMboe.
News
September 22, 2023
The GLA is made up of the Laggan, Tormore, Edradour and Glenlivet gas fields, as well as the undeveloped Glendronach site. Production is forecast at less than 25,000 boed this year, according to a presentation by Kistos from 2022.
News
September 21, 2023
As a result of this project, floating offshore wind technology is being introduced as a new renewable generation technology in Spain's energy mix for the first time.
News
September 19, 2023
Preliminary evaluation of the discovery indicates gross recoverable resources in the range of 25-130 MMboe on a P90-P10 basis, with a mean of 70 MMboe, in a Jurassic reservoir zone with high quality sandstones.
News
September 15, 2023
Recoverable reserves in the field are estimated at 27.6 MMboe, most of which is natural gas. The Eirin field, which was discovered in 1978, will be developed as a subsea facility tied to the Gina Krog platform in the North Sea.
News
September 14, 2023
In this special interview, the firm’s Head of Energy Industries, Northern Europe, PA Division, Per-Erik Holsten, discusses two oil and gas projects that ABB has a major role in, as well as efforts in the transition/renewables space.
News
September 12, 2023
OEUK Sustainability and Policy Director, Mike Tholen, said, “Every new project approved in UK waters will help us manage our reliance on imported energy as North Sea production declines and renewables ramp up - providing a strong basis for us to build a homegrown energy future in the UK, for the UK."
News
September 12, 2023
The acquisition will provide Ithaca Energy with full control over the progression of the future development of Cambo, the second largest undeveloped oil and gas discovery in the UK North Sea.
News
September 10, 2023
The number of operating oil rigs is about 17% lower than at the start of 2023, meaning it would take several weeks of steady increases to make back this year’s reductions.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.