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Oil & Gas News

Oil & Gas News, October 2017

Opec expects stronger demand for its crude oil next year due to stronger consumption growth and lower estimates for supply from outside the cartel, as prices near $50 a barrel boost driving and crimp output.   The cartel’s monthly market report said its in-house analysts see demand for Opec’s oil reaching 33.1m barrels a day […]

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Oil & Gas News – September 2017

North Sea oil and gas producers have pulled out of the “death spiral” that had threatened to send the basin into precipitous decline according to industry leaders.   However, exploration remains at its lowest level since the 1970s and the UK faces a battle to compete against lower cost oil and gas elsewhere in the […]

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Oil & Gas News – July 2017

Maersk Oil announces it is on track to deliver first gas from a major North Sea oil field in 2019. The Culzean field, which lies around 145 miles east of Aberdeen is expected to produce 60-90,000 barrels of oil per day. Maersk claimed the field could meet 5% of the UK gas demand by 2020-21.

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Oil & Gas News – May 2017

Oil has begun flowing from a North Sea field which is part of a wider project aimed at unlocking 100 million barrels of additional reserves. Operator Repsol Sinopec Resources UK said first oil had been achieved at the Shaw field, about 200km (124 miles) east of Aberdeen. Shaw is part of the Montrose Area Redevelopment […]

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