North Sea | Egypt Oil & Gas - Part 5
Traders Set to Send Record Amount of North Sea Oil to South Korea
Oil traders may send a record amount of crude from the North Sea to South Korea this month, amid signs that refining rates in the Asian country are surging. Three tankers each able to ship 2 million barrels of oil hav...
Rebound in North Sea Oil Fuels UK GDP Growth
A rebound in North Sea oil production in the three months to May helped the UK double its growth rate to 0.6% from the first quarter of the year, handing the Treasury a much-needed boost. According to the National Ins... Downturn in North Sea Oil and Gas Will Put Scotland Behind UK
Growth in Scotland will lag further behind the UK in coming years as the downturn in the North Sea oil and gas industry takes a heavy toll on the country, economists have predicted. The Ernst & Young Scottish ITEM... North Sea Service Companies Cutting Jobs
Amec Foster Wheeler Plc and Petrofac Ltd on Tuesday joined a growing list of London-listed oil and gas support services companies planning to cut jobs in response to the tumble in oil prices. Benchmark Brent crude oil...
BP Selling Stake in North Sea Gas Pipeline
UK energy giant BP announced that its interest in the Central Area Transmission System (CATS) in the North Sea will be sold for £324m. BP has agreed to sell its 36% stake in the major North Sea pipeline to majority sh...
Technip Awarded North Sea Brownfield Contract with Dana Petroleum
Technip, a world leader in engineering for the energy industry, has been awarded a brownfield subsea contract for the Triton floating production storage and offloading (FPSO) vessel, operated by Dana Petroleum, locate...
Oil Prices Prompt North Sea Operators to Sell Off Assets
The North Sea, which brought upheaval to global oil markets in the 1980s just as shale has in this decade, is desperately seeking tax relief in Wednesday’s British budget. As international oil prices continue their do...
Drilling Gets Underway in Gemini Prospect Offshore Norway
The semisubmersible Island Innovator has spudded a well on the Gemini prospect in the central Norwegian North Sea for operator Lundin Norway. Well 16/1-24 in PL338C, 10 km (6.2 mi) southwest of the Edvard Greig field...
