Latest North Sea oil Stories

2010-10-14 13:25:04

Oil recovery using carbon dioxide could lead to a North Sea oil bonanza worth £150 billion ($ 240 billion) "“ but only if the current infrastructure is enhanced now, according to a new study published today by a world-leading energy expert. A new calculation by Durham University of the net worth of the UK oil field shows that using carbon dioxide (CO2) to enhance the recovery from our existing North Sea oil fields could yield an extra three billion barrels of oil over the next 20...

2008-10-11 09:00:22

VENTURE Production, the Aberdeen-based oil company which specialises in buying up discovered but undeveloped oil & gas assets in the North Sea, continued its acquisition drive, spending GBP 14.8 million to increase its interest in four gas discoveries by 13.75 per cent to 48.75 per cent. Chief executive Mike Wagstaff said one of the assets, Cygnus, could be the largest remaining southern North Sea gas discovery. Analysts said the deal was sensible but shares fell to the lowest level...

2008-10-01 15:00:44

TORONTO, ONTARIO--(Marketwire - Oct. 1, 2008) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. North Sea Energy (UK) Limited (the "Company") is pleased to announce that it has closed a US$12,000,000 funding arrangement with Gemini Oil & Gas Fund II, L.P. ("Gemini") for the development of the Jacky oilfield ("Jacky"), located in Block 12/21c offshore the United Kingdom. Production at Jacky is expected by the end of 2008 and the Operator...

2008-09-25 09:00:48

IN the depths of the North Sea lies a wealth of untapped potential. And the Tees Valley's once-again booming oil and gas sector could be in line to win big as the search for energy supplies sees companies dig ever deeper and in increasingly hostile environments. NOF Energy, the business development organisation for the oil, gas and energy sectors, believes local companies have only just scratched the surface of the burgeoning sub-sea sector's potential. With recent estimates...

2008-08-05 12:00:41

VANCOUVER, Aug. 5, 2008 (PRIME NEWSWIRE) -- Gold Point Energy Corp. (TSX-V:GPE) (Frankfurt:A0HGQ1) (the "Company" or "GPE") reported today that it has entered into a letter agreement ("Agreement") with Gas Plus International B.V. ("Gas Plus") to farm-in to a fifty percent working interest in Block 106 ("the Block") comprising 920 square kilometers (227,000 acres) located around the city of Szczecinekin in northwest Poland. GPE has agreed to pay approximately US$250,000 in back costs and...

2008-08-04 16:07:56

On Monday, Norwegian energy authorities completed a seismic survey of Arctic waters near the scenic Lofoten islands. But environmental groups say the area should be permanently out of bounds to oil and gas drilling. The Norwegian Petroleum Directorate (NPD) finished a three-dimensional seismic survey of the Troms II area north of Lofoten despite a late start due to logistical problems. In June, the NPD scaled down the survey of the undeveloped offshore seas, which industry wants opened for...

2008-07-09 21:00:00

By Andrew Mernin THE region's booming oil and gas sector received a further boost yesterday as a new report estimated that there could be as much as 25 billion barrels of oil waiting to be extracted from the North Sea and other parts of the UK coast. However, the report by offshore industry body Oil & Gas UK, also warned that the Government will have to work closely with the industry to unlock the reserves and called for further investment and exploration in the sector. On the...

2008-07-09 06:00:34

By Frank Urquhart The North Sea could provide a major boost to the economy, but only if there is more investment Picture: John Cunningham/Rex Features Malcolm Webb A POTENTIAL prize of GBP 750 billion in unrecovered oil and gas reserves is in the North Sea and the Atlantic frontier west of Shetland, industry leaders said yesterday. But they warned that without new technology and investment incentives from the government, the reserves will never be recovered to boost the ailing...

Word of the Day
  • A murmuring sound; a rushing or whistling sound, like that of the wind; a deep sigh.
  • A gentle breeze; a waft; a breath.
  • Any rumor that engages general attention.
  • A cant or whining mode of speaking, especially in preaching or praying; the chant or recitative characteristic of the old Presbyterians in Scotland.
  • To make a rushing, whistling, or sighing sound; emit a hollow murmur; murmur or sigh like the wind.
  • To breathe in or as in sleep.
  • To utter in a whining or monotonous tone.
According to the OED, from the 16th century, this word is 'almost exclusively Scots and northern dialect until adopted in general literary use in the 19th.'