Two of Scotland’s leading business angels are spearheading a new investment group aimed at unlocking the potential of existing companies in Scotland’s oil and gas sector, enabling them to maximise their value and move on to a higher level. London and Scottish Investment Partners (LSIP) will target established family firms and other SMEs which have [...]
North Sea Energy Inc., a UK-focused oil and gas exploration and production (“E&P”) company, announces that the Norfolk joint-venture partners met recently for a Technical Committee Meeting in Aberdeen, hosted by the operator, First Oil Expro Limited. Subsequent to the seismic acquisition in November 2012, the operator has re-evaluated the Norfolk prospect and recommended a potential well [...]
Statoil today launches its “Energy Perspectives” report describing the long-term macroeconomic and market outlook based on studies conducted by Statoil’s in-house analysis team. Highlights: Economic development continues to drive energy demand Increase in demand expected for all energy sources – but considerable improvement in global energy efficiency Demand for oil expected to rise by ~15 [...]
Maersk Oil Norway has been offered 20% interest in a new license (PL710) in the Barents Sea in the 22nd licensing round. Operator of the licence will be Total E&P Norge AS with 40% interest. Other partners are Tullow Oil Norge AS and GDF Suez E&P Norge AS each with 20% interest. “This is Maersk [...]
The Norwegian government has decided to offer 24 licenses in its 22 licensing round. The awards include 20 licenses in the Barents Sea and four in the Norwegian Sea. Out of the 36 companies which applied for the acreage in this round, 29 companies have been offered shares, while 14 companies are offered operatorship. “I am very [...]
South Africa’s National Oil Company, PetroSA, has signed a Technical Cooperation Permit (TCP) agreement with Sasol to explore a block in the country’s offshore area. The TCP represents the first such cooperation in exploration between the two companies in 10 years. It allows the two companies to explore Block 3A/4A, which is located within the [...]
Pat Rabbitte TD, Minister for Communication, Energy and Natural Resources in Ireland, today (Wednesday 12 June 2013) told over 70 companies and 100 participants how they can be supported in accessing major business opportunities linked to current offshore oil and gas exploration activity. He was speaking at an event organised by Enterprise Ireland and Achilles [...]
Oil & Gas UK has welcomed the EU Council of Ministers’ vote today to approve the EU Directive on offshore safety. Robert Paterson, Oil & Gas UK’s health, safety and employment director, said: “Throughout the progress of this legislation, from Regulation to Directive, Oil & Gas UK has worked hard to help the European Commission [...]
Foster Wheeler AG announced today that it has acquired Ingen Ideas (“Ingen”), a privately held upstream consultancy company located in Aberdeen, UK. Ingen specializes in field development and project decision support, focused on the evaluation and implementation of oil and gas field developments covering greenfield and brownfield assets. Ingen’s expertise includes field development, process engineering [...]
Responding to the Council of the European Union’s announcement yesterday that the directive on safety of offshore oil and gas has been adopted, Energy and Climate Change Secretary Edward Davey said: “Today’s announcement that European Ministers have passed the directive on offshore oil and gas safety is excellent news. “Safety and environmental protection are essential [...]
