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Updated: IOG shares drop as southern North Sea project sanction pushed back

Shares in Independent Oil and Gas (IOG) sank after the firm said a final investment decision (FID) on its southern North Sea gas development project had been pushed into the fourth quarter of 2018. IOG said in July that it intended to sanction the programme at the end of September. Shares dipped 8.51% to 32.25p in early […]

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September 25, 2018, 8:30 am | Author: Mark Lammey

Total gas find could be biggest in 10 years

Oil major Total revealed yesterday that it had made one of the biggest gas discoveries in the North Sea in a decade. The Glendronach reservoir, west of Shetland, could pump out 1 trillion cubic feet (tcf) of gas, which equates to about 180 million barrels of oil. Energy consultancy Wood Mackenzie (Woodmac) said it was […]

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September 25, 2018, 6:35 am | Author: Mark Lammey

Opinion: Glendronach a dream discovery for Total

Glendronach has to be one of the North Sea’s dream discoveries. The drilling contract was signed less than six months ago; drilling started barely four months ago; a gas discovery initially assessed at 1 trillion cubic feet recoverable has just been declared and uber fast-track development is on the cards thanks to having high grade, […]

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September 25, 2018, 6:25 am | Author: Jeremy Cresswell

Scottish firm SSM protects 360 HSE inspectors

A total of 360 Health and Safety Executive (HSE) inspectors, including many working in the North Sea industry, will be protected from potential danger under a new contract with Scottish firm Safe Shores Monitoring (SSM). The company said yesterday its lone worker protection system would be at the heart of health and safety law enforcement […]

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September 25, 2018, 6:05 am | Author: Keith Findlay

Updated: Total reveals major gas find west of Shetland

French oil major Total said today that its Glendronach prospect could produce one trillion cubic feet (tcf) of gas. The Stena Don semi-submersible rig started drilling the well in May and encountered a 140 ft gas column. One tcf equates to about 175 million barrels of oil equivalent. Initial tests showed good reservoir quality and […]

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September 24, 2018, 11:45 am | Author: Mark Lammey

Total’s Glendronach discovery ‘great news’ for UK energy security, OGA says

The UK oil sector’s regulator said Total’s latest gas discovery west of Shetland is “great news” for Britain’s energy security. Oil and Gas Authority chief executive Andy Samuel said the region had “significant exploration potential” and that he wanted to see more activity there. Total said today that Glendronach could contain around one trillion cubic […]

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September 24, 2018, 10:33 am | Author: Mark Lammey

Equinor extends Safe Boreas contract at Mariner another eight months

Equinor has once again extended its contract for the Safe Boreas accommodation vessel at its Mariner platform. The £34.3million contract will extend the Prosafe vessel’s time at the field a further eight months from November until June 2019. Prosafe’s initial 13-month contract at the field east of Shetland began in late 2017, and has already […]

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September 24, 2018, 9:33 am | Author: Allister Thomas

Scheme ‘puts Aberdeen on the map’ for tech development, says BP

A new initiative could see Aberdeen take on technology centres like Houston and London for oil and gas start-ups, according to energy giant BP. On Friday, the Oil and Gas Technology Centre (OGTC) celebrated the graduation of the first cohort of ten start-ups from its TechX programme. The scheme is aimed creating “transformational” change for […]

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September 24, 2018, 6:00 am | Author: Allister Thomas

EXCLUSIVE: Scot Gov condemned over unknown energy jobs taskforce figures

The Scottish Government has been condemned after admitting it does not know how many workers were helped back into employment through its energy jobs taskforce. A year ago the government wound down the group, set up in response to the oil downturn, in a move that was criticised as “premature” as firms continued to face […]

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September 24, 2018, 5:55 am | Author: Allister Thomas

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