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Noreco forced to relinquish interest in North Sea’s Huntington field

Norwegian Energy Company ASA (Noreco) today confirmed it was forced to exit the North Sea’s Huntington field, after its licence partners served up a final notice. A spokesperson for the firm said: “Norwegian Energy Company ASA (Noreco) reports … Read More

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Total zeroes in on first gas from flagship West of Shetland project

Total is zeroing in on first gas from its flagship Laggan-Tormore project. The West of Shetland asset has started initial flaring with first gas expected in the coming weeks, according to a Total spokesman. He said: “Total is importing gas from the S… Read More

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Oil man to be tried for murder-for-high

James Henrikson will be tried for multiple felony counts of conspiracy, solicitation of murder and murder-for-hire. Henrikson, who ran an oil trucking company, is accused of arranging the murders of his employee and investment partner. Kristopher Cla… Read More

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Cresswell: Treasury must scrap SCT…Now!

Well, here we all are . . . another year dawns over the chill, grey wastes of the ever restless North Sea. Always a daunting place to work, I can imagine that a lot of workers have started their first 2016 shifts, wondering if they’ll still be in a j… Read More

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Chopper market in a spin as oil price crash takes its toll

In 2013, the oil & gas market segment was forecast to account for nearly 30% of the new helicopters market over the five years to 2018. Commercial operators were not only looking to replace their ageing rotorcraft, but also were looking to trans… Read More

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Oil extends slide From 11-year low as hedge funds head for exit

Crude extended its slide from an 11-year low, confirming the view of hedge funds that cut bullish price bets to the lowest since 2010. Futures fell as much as 2.5 percent in New York after dropping more than 10 percent last week. Speculators’ net-lon… Read More

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Pictures: Storm leaves scaffolding dangling from Shell’s Brent Delta platform

Scaffolding was left precariously dangling from Shell’s Brent Delta after storm weather battered the platform. The Delta platform is part of the North Sea operator’s four-jewel, Brent-field crown. It’s 300m high – double the h… Read More

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Suttie’s First Oil for sale as oil continues to slide

Ian Suttie has reportedly placed his flagship First Oil up for sale as declining oil prices batter the sector’s financial books. The firm, which the Scottish multi-millionaire founded in 2001, describes itself as the largest British-owned private oil… Read More

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Statoil evacuates staff from Karsto after gas leak

Statoil has evacuated workers from its Karsto processing plant after a suspected gas leak. The post Statoil evacuates staff from Karsto after gas leak appeared first on Energy Voice. … Read More

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Energy sector could be in line for support from Westminster

Energy minister Andrea Leadsom has revealed “further fiscal measures” to support the oil and gas industry are “on the table” – prompting speculation of a positive announcement in the Budget. The Tory front bencher also h… Read More

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© Aberdeen Journals Limited. 2016

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