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  • Premier Oil is to acquire the whole of E.ONs UK North Sea assets for a net consideration of $120mn plus working capital adjustments. The assets being acquired are located in the Central North Sea, West of Shetlands and the Southern Gas Basin. E.ONs UK oil and gas upstream portfolio includes stakes ...

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  •  As oil prices continue to rise, the cost of unleaded petrol and diesel rose for a second consecutive month to drive the average price of diesel to its highest level so far this year. Diesel rose to 13.34p during September a litre, its highest price this year while petrol reached 112.07p. Brent...

  • BP has announced it is cutting 4,000 jobs including 600 in its North Sea operations in response to the latest dramatic slump in oil prices.  

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    • Record type: News Item

  • Barney Parsons Associates recently completed a global study on the current challenges affecting the offshore oil and gas sector. The main findings of the study are: Brent oil prices are expected to be unchanged at $65/b at end of 2015 well below the price range thought best ($80 to $100) for t...

  • Total production in Canada's Montney play will likely reach 10bn cfe/d in 2019, an increase of 16% from 2018, according to new research from Wood Mackenzie. The outlook for Montney production stays positive beyond this year, with the play forecast to reach 20bn cfe/d by 2030.Much of the forecast gro...

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    • Record type: News Item

  • Fuel duty was frozen for the sixth year in a row in the latest UK Budget unveiled on 16 March 2016. The main rate of fuel duty remained set at 57.95 p/l for 20162017, marking the longest fuel duty freeze for 40 years. UK Chancellor George Osborne noted the average driver will save around £75 every...

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    • Record type: News Item

  • UK gas supplies have been hit by the recent shutdown of Ineos Forties pipeline following the discovery of a hairline crack, an explosion at the Baumgarten gas hub in Austria that is the main entry point for Russian gas into Europe, and reduced output from the Norwegian sector of the North Sea where...

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    • Record type: News Item

  • OPEC producers cut  production by 800,000 b/d in January in 2019 as fears over the world economy could cause a fall in demand. The cut will protect prices for OPEC members. Combined with increased US shale production, the slowdown could be especially severe for Saudi Arabia, OPEC's largest...

  • The recent fall in oil prices will cause the oil market to rebalance in ways that challenge traditional thinking about the responsiveness of supply and demand, according to the International Energy Agencys (IEA) Medium-term oil market report (MTOMR), which was released during coffee break on day on...

    • Availability: Online
    • Record type: News Item

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