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Total confirms first gas from flagship Laggan-Tormore scheme

Total today confirmed first gas from its flagship Laggan-Tormore project. The West of Shetland scheme will produce 90,000 barrels of oil equivalent per day. Arnaud Breuillac, president of exploration and production, said: “Laggan-Tormore is a key com… Read More
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Exclusive Interview: Total boss says Laggan-Tormore first gas proves “there’s a future for the UK’s offshore industry”

Total’s new UK managing director, Elisabeth Proust , said the firm’s $3.5billion West of Shetland investment was a much needed reminder that there was still everything to play for in UK energy sector – regardless of oil price. The firm today confirme… Read More
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Laggan-Tormore: Fast facts and brief history

Total today confirmed first gas from its flagship Laggan-Tormore project. Want to know how much it cost, which contractor was responsible for drilling and how many jobs it will create? Here’s everything you need to know about the West of Shetla… Read More
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Scottish Government revamps industry strategy

A body tasked by the Scottish Government to oversee a strategic vision for the North Sea oil and gas industry has updated an initial report it produced in 2012. The Oil and Gas Industry Leadership Group (ILG), co-chaired by Energy Minister Fergus Ewi… Read More
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Two killed and eight injured in fire on Mexico offshore platform

A fire that erupted on an oil platform in the Gulf of Mexico killed two workers and injured eight. The state oil company Petroleos Mexico said the fire on the Abkatun A platform off the coast of the southern state of Campeche was brought under contro… Read More
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World’s largest energy trader sees a decade of low oil prices

Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to the world’s largest independent oil-trading house. “It’s hard to see a dramatic price increas… Read More
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UKOG kickstarts Horse Hill flow tests

UK Oil and Gas (UKOG)today confirmed it had kick-started flow tests for its Horse Hill-1 oil discovery near Gatwick Airport. The HH-1 discovery well, drilled at the end of 2014, is located within onshore exploration Licence PEDL137, on the northern s… Read More
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Oil trades near $31 after Saudi-Venezuela talks as bets increase

Oil traded near $31 a barrel after Saudi Arabia and Venezuela met to discuss cooperating to stabilize the market and U.S. data signaled investors are split on the direction for prices. Futures rose as much as 0.9 percent in New York, trimming last we… Read More
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Lime Rock invests £50million in North Sea well abandonment

Private equity firm Lime Rock has splurged £50million to launch a new North Sea company that specialises in both plugging and renewing old subsea wells. The investment has led to the creation of a new oilfield services company, Ardyne Technologies, w… Read More
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Transocean in drillship termination

Transocean today confirmed Murphy Exploration and Production had cancelled its contract for the ultra-deepwater drillship Discoverer Deep Seas. The firm pulled the plug 10 months early. A Transocean spokesperson said: “The rig’s contract was sc… Read More
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Melfort Campbell: Scotland’s oil and gas sector must adapt to survive

As Scotland’s oil and gas sector faces the difficult road ahead, a refresh of the Industry Leadership Group (ILG) strategy gives us renewed hope and focus for the future. That’s the message from the ILG which, through consultation with all parts of t… Read More
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Oscar hopeful Mark Ruffalo shines Spotlight on fracking

Oscar nominated actor Mark Ruffalo has called on the Prime Minister to abandon fracking and leave fossil fuels in the ground. A prominent opponent of fracking in the US, Ruffalo warned David Cameron he was making “a legacy mistake” in supporting the … Read More
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Wind power provided 48% of Scotland’s energy needs in January

Wind power provided almost half of Scotland’s entire energy needs last month, new research has shown. There were 22 days in January when the amount of electricity generated from the wind was sufficient to power every home in the country. WWF Scotland… Read More
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‘Low gear’ growth sees job losses rise in January

Job cuts accelerated to a six-month high in the first month of the year as growth remained in “low gear”, according to a report. The Bank of Scotland’s monthly purchase managers index – which measures performance in manufacturing and services b… Read More
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Saudi, Venezuela oil ministers hold ‘successful’ talks on market

Saudi Arabian Oil Minister Ali al-Naimi said he held “successful” talks with his Venezuelan counterpart about ways of cooperating to stabilize the crude market, without saying what steps producers should take to shore up prices. The two ministers, wh… Read More
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© Aberdeen Journals Limited. 2016

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