Energy Voice | Oil holds drop on doubts over OPEC curbs and US supply threat

Oil held its biggest loss in two weeks as uncertainty over how the OPEC+ coalition will implement its output cuts and the prospect of surging U.S. supplies kept investors wary. Futures in New York were little changed, after Monday’s 3.1 percent drop erased gains following last week’s pact between Saudi Arabia, Russia and other major […]

Energy Voice | Noble Group to appoint provisional liquidator to enact debt deal

Noble Group is seeking to pursue its debt restructuring via a Bermudan court, using a local kind of insolvency process, after a key element of its survival plan was blocked by Singapore authorities. The embattled commodity trader will apply for a Dec. 14 hearing in Bermuda to allow its reorganization through a court-appointed officer, it […]

Energy Voice | Chevron gets the nod for ground-breaking North Sea project

US oil giant Chevron said today that it would forge ahead with a North Sea project expected to unlock millions of additional barrels. Chevron, which has been linked with an exit from the UK North Sea, said its enhanced oil recovery (EOR) project at the Captain field had been approved by the Oil and Gas […]

Energy Voice | Seismic events in Blackpool following Cuadrilla fracking

A 1.5ML  (local magnitude) tremor has been recorded in Blackpool following fracking at Cuadrilla’s nearby gas exploration site. The firm is carrying out shale gas exploration at Preston New Road, Lancashire which is on the outskirts of the city. A series of “micro seismic events” were picked up due to the drilling, which has now […]

Energy Voice | DeltaTek strengthens team with key appointment

Fledgling well construction firm DeltaTek Global has strengthened its ranks with a key appointment. The Dyce-based firm, founded in 2015, has brought in Chris Johnstone as operations supervision. DeltaTek currently has four employees. Mr Johnstone most recently worked as a wellsite drilling engineer / performance coach at EnQuest. He began his career as an operations […]

Energy Voice | Oil rises as supplies reduced by OPEC, Libya field halt

Oil rose on renewed optimism that production cuts announced by the OPEC+ coalition will rebalance the market, while a giant Libyan field remained shut and U.S. inventories were estimated to have shrunk. Futures in New York gained 0.8 percent after slumping 3.1 percent Monday amid uncertainty over how the OPEC+ curbs would be implemented. Saudi […]

DNV GL Wins with American Petroleum Institute

The American Petroleum Institute has awarded a contract to DNV GL for the full-scale fatigue testing of large diameter bolts. The objective of the program is to improve fatigue assessments of critical bolted connections particularly in subsea applications by generating new test data. This testing will take place within DNV GL’s global laboratory network involving […]

Decom North Sea Gets Decommissioning Challenge Fund Grant

Decom North Sea has secured a Decommissioning Challenge Fund (DCF) grant award from the Scottish Government. The £5 million fund aims to provide opportunities for the supply chain in Scotland supporting the acceleration of projects to develop investment grade business cases, and to fund new structures and infrastructure, allowing recipients to compete within the decommissioning […]

Energy Voice | Corallian raises £1m for North Sea appraisal well

Corallian Energy has raised almost £1 million to help pay for the Curlew-A appraisal well. The Curlew-A discovery was made by Shell in 1977 in the prolific Central Graben area. But Shell relinquished licence P2396, which contains Curlew-A, in 2016 and it was awarded to Corallian in the 30th bidding round. It is thought to contain 45 […]