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Results:1 - 10 of 1017 Exploration and production,

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  • Some 6,000 subscribers from hundreds of organisations have downloaded more than 340 terabytes – equivalent to around 85,000 HD movies – of information in the year since the Oil & Gas Authority (OGA) launched the National Data Repository (NDR) on 25 March 2019.The release – at https://ndr.og...

    • Availability: Online
    • Record type: News Item

  • The combination of the global economic impact of the continued spread of the coronavirus (Covid-19), the most dramatic fall in oil price in almost 30 years and a halving of gas prices is driving an increasingly fragile outlook for the UK’s offshore oil and gas sector, warns the OGUK. Severe pressure...

    • Availability: Online
    • Record type: News Item

  • Mol Norge, operator of production licence 820S, has made a discovery near the Balder field in the central part of the North Sea. Oil and gas were found in a number of formations and were successfully tested for about 3,463 boe/d. The potential resources discovered in the main formation are reported ...

    • Availability: Online
    • Record type: News Item

  • Total (operator, 30%), and its partners Neptune Energy (50%), Ithaca Energy (10%) and the wholly owned subsidiary of Edison, Euroil Exploration (10%), have made a gas and condensates discovery with the Isabella 30/12d-11 well on licence P1820, located in the Central North Sea. The find is located ab...

    • Availability: Online
    • Record type: News Item

  • The price of Brent crude slid once again on 16 March 2020, falling to $29.78/b despite a number of global emergency bank rate cuts. Some market analysts have warned the price may soon drop below $20/b, due to the price war between Russia and Saudi Arabia as well as the impact of the coronavirus outb...

    • Availability: Online
    • Record type: News Item

  • In the short term, the biggest downside risk from the oil price crash to gas supply is associated with gas production – largely from unconventionals in the US. However, it’s not an instantaneous effect as prices are still generally above variable wellhead operating costs.As companies reduce oil dril...

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    • Record type: News Item

  • Equinor (75%) and partner Neptune Energy (25%) have reported an oil discovery in the Sigrun East prospect in the North Sea. Recoverable resources are estimated at 7–17mn boe.‘Sigrun East is a win-win. Exploring near existing infrastructure we prove resources that can be profitably realised, while pr...

    • Availability: Online
    • Record type: News Item

  • Eni and Sonatrach have completed construction of the gas pipeline connecting the Bir Rebaa Nord (BRN) and Menzel Ledjmet Est (MLE) fields in the Berkine Basin, in the south-eastern part of Algeria.The 185 km long pipeline has a transport capacity of 7mn cm/d of gas. It will enable the export of asso...

    • Availability: Online
    • Record type: News Item

  • Eni has announced a new oil discovery on the Saasken exploration prospect in block 10, located in the mid-deepwater of the Cuenca Salina in the Sureste Basin, offshore Mexico. According to preliminary estimates, the new discovery may contain 200–300mn barrels of oil in place.Saasken-1 NFW is the six...

    • Availability: Online
    • Record type: News Item

  • Following the recent UK government moratorium on hydraulic fracturing (fracking), two UK-based companies – Global Exploration Services and Zorin Eco Technologies – have formed a new consortium that has developed a new rig and operating methodology to safely recover gas from UK shale without fra...

    • Availability: Online
    • Record type: News Item

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