Oil & gas news

The handover of the Brae Area in the North Sea is expected to be completed in the second half of the year.

Development of the Wressle oilfield in North Lincolnshire, UK, can now proceed.

The consent applies to the use of the Island Wellserver well intervention facility for light well intervention on fields in the North Sea, Norwegian Sea and Barents Sea.

Centrica Storage has engaged Servelec Controls to help prepare Easington Terminal to process gas from the Tolmount field in the Southern North Sea.

Petrobras holds 100% interest in both concessions, with the exception of exploratory block BM-ES-23, in Golfinho, where it owns 65%.

The project, which reinstated a 25-t riser pull-in winch and three 200-t anchor chain winches, is estimated to have contributed to extending the working life of the FPSO by a further 10 years.

Eni and Total won operator rights to blocks 28 and 29 respectively in the offshore Namibe basin, while Angola’s state oil company Sonangol and Equinor and BP were awarded smaller stakes.

GlobalData's thematic report, ‘Arctic Exploitation’, evaluates the competitive position of different Arctic countries in tapping the hydrocarbon reserves of the region.

Oil and gas sector logistics expert urges industry’s businesses to keep eyes on Brexit ball despite government steers.

API President and CEO Mike Sommers said that the deal was "welcome news" but urged the lifting of all remaining tariffs between the two nations.