Energy Voice | Premier teams up with Ensco for North Sea wells

Premier Oil has booked the Ensco 123 rig to drilling two wells in the North Sea, starting in July. According to the latest fleet report from the rig contractor, London-headquartered Premier has also signed up Ensco 123 for a further four wells in 2020, again in the North Sea. Furthermore, the Ensco 100 will undertake […]

Energy Voice | Diminished case for UK fracking after shaky start, says Fitch

Since operations restarted in October, Cuadrilla has had to pause activity a number of times following tremors at its Preston New Road site in Lancashire, North East England. Since October 15 – when hydraulic fracturing restarted following a seven year hiatus in the UK, the company has been forced to halt activity several times as […]

Energy Voice | VIDEO: Explosives used to blow up oil rigs

It’s not the type of “decommissioning” work normally seen, but a video has emerged online of parts of old oil platforms being blown up with explosives. With a “fire in the hole”, the footage on YouTube shows parts of two fixed platforms being blown up with the use of C4 – a type of plastic […]

Energy Voice | Hurricane Energy appoints oil veteran to board

Hurricane Energy has appointed a legal expert for the oil and gas sector to its board. Sandy Shaw has more than 35 years of experience and has been made a non-executive director at the firm. She was a founder of North Sea explorer Valiant Petroleum, which was bought out by Ithaca Energy for £203million in […]

Energy Voice | Chinese growth fears throw oil gains into reverse

Oil retreated from a two-week high as risk appetite faltered after a revival of investor fears over the health of the global economy. Futures in New York decreased 2.1 percent, paring most of the previous session’s gains spurred by signs that OPEC got an early start on its pledged output curbs. Crude’s dropping with other […]

Energy Voice | New projects in UK and Norway not enough to halt European gas drop

Major gas projects coming online in the UK and Norway will not be enough to offset a continued drop in Europe’s supply, according to Wood Mackenzie. In a new report, the consultancy predicts gas production will fall by 1 billion cubic metres (bcm) this year, following an 8bcm year-on-year drop in 2018. One of the […]

Energy Voice | Rocky or steady: How will 2019 play out for oil?

Oil had a tumultuous 2018, with prices rising to a four-year high in October before plunging more than $30 in the following months. Oversupply and demand worries are high on the concern list for the industry, making volatility a buzzword this year as well. There are other power dynamics at play. OPEC’s Viennese waltz in […]

Drydocks World Completes Rashid D Project in UAE

Drydocks Worl has recently completed the Rashid D Wellhead Platform jacket and topside for TechnipFMC and end client Dubai Petroleum. The topside is an oil and gas processing module weighing 950 tons, designed for unmanned offshore operation with a life span of 25 years. It contains advanced piping and control systems, which were entirely fabricated, […]

Energy Voice | Updated: DNO triggers ‘mandatory offer’ in Faroe chase

Norwegian firm DNO said this morning that its offer for Faroe Petroleum’s remaining shares had become mandatory after increasing its equity to 30%. Oslo-based DNO said earlier that it had extended its conditional offer of £1.52 per share to January 16 after failing to get enough investors to part with their stakes. Under the original offer, […]