Energy Voice | Saipem reports major cyber-attack

Italian oil services firm Saipem has reported a major cyber-attack on its servers. The company said it had promptly discovered the attack and has taken “impact assessment measures”. The Milan-based firm added that it was in the process of reporting the incident to the relevant authorities. A spokeswoman for Saipem said: “Saipem informs that today […]

Energy Voice | OPEC output reduction surprises short-sell market

OPEC’s surprise output reduction has wrong-footed short-sellers. Hedge funds cut bets on rising Brent crude prices to the lowest in more than three years in the week through Tuesday as short positions increased for a 10th straight time, the longest streak on record. Then on Friday, OPEC and its allies surprised the oil market with […]

Energy Voice | ‘New phase’ for Verus Petroleum after spate of North Sea deals

Aberdeen-based Verus Petroleum has said it is moving to the “next phase” of growth after a 12-fold increase in its oil and gas production. The operator has been snapping up North Sea assets over the last year, including a £300m deal in September for Cieco Exploration & Production with stakes in the Hudson and Western […]

Energy Voice | ConocoPhillips keeps 2019 spending flat, touts conservative approach

ConocoPhillips said Monday it will keep its 2019 capital spending flat from this year with oil prices down more than 30 percent from the beginning of October. The Houston oil and gas producer set its capital spending at $6.1 billion for next year. For 2018, ConocoPhillips initially budgeted for $5.5 billion, but eventually hiked it […]

Energy Voice | Hess announce multi-billion oil exploration warchest

Hess Corporation has today announced a huge oil exploration warchest of £2.2 billion. The lionshare of the multi-billion sum will be used to explore the firm’s assets in the Bakken and Guyana. Hess Corporation said net production is forecast to average between 270,000 and 280,000 barrels of oil equivalent per day in 2019, excluding Libya. […]

Energy Voice | Equinor completes sale of Alba interest to Verus

Verus Petroleum has completed a deal with Equinor for its stake in the Alba field in the North Sea. The deal, for an undisclosed sum, sees Verus take a 17% interest in the Chevron-operated development. Equinor said its share of production from Alba last year was around 2,300 barrels per day. Other partners include Chevron, […]

Point Resources and Eni Norge Finalize Merger

Point Resources and Eni Norge have concluded the merger between the two companies, after receiving appropriate approvals. The two companies have joined forces to create Vår Energi, with a new organisation of about 800 employees. Vår Energi is an independent exploration and production (E&P) company, with a net production rate of more than 170 000 barrels […]

Energy Voice | Aberdeen oil expert joins subsea consultancy firm

Aberdeen-based academic and oil expert John Scrimgeour has joined subsea consultancy firm Archer Knight as non-executive chairman. Mr Scrimgeour, an emeritus energy advisor at Aberdeen University, has held previous senior positions at firms Suncor, CMS and Parenco. He holds a place on the board of a number of north-east companies and organisations, such as Opportunity North […]

Energy Voice | Shell green lights scheme to reroute North Sea gas to St Fergus

Energy giant Shell has green lit a scheme  to reroute gas from its Shearwater hub to St Fergus in Aberdeenshire. The plans involve modifying Shearwater, which also serves the Arran and Fram fields, with a 23mile pipeline so that gas is rerouted through the Segal line, rather than the Seal line which currently takes gas […]

Energy Voice | Gas leak ‘stopped’ at Mongstad facility, Equinor say

Norwegian energy giant Equinor has said that a reported gas leakage at its Mongstad facility has been plugged. The liquified petroleum gas (LPG) leakage occurred at 8am this morning, but was “stopped” according to the firm at 9:15am. All personnel at the Mongstad facility in Nord-Hordaland were evacuated as a precaution with “emergency shutdown and […]