From Super Basin to Super Store
The North Sea is gradually evolving from a petroleum basin to a broad energy hub.
Resources
Significant uplift in Buchan oil field contingent resource estimates
Jersey Oil & Gas, an independent upstream oil and gas company focused on the UKCS, has announced a significant increase in 2C contingent resource estimate for the Buchan oil field,…
Decline of gas production in the Netherlands much larger than increase in renewable energy
The energy transition is not a choice, it is a must, provided that countries such as the Netherlands want to keep a certain amount of autonomy over energy supply. In…
Lundin Energy announces resource increase
Lundin Energy’s 2P reserves as at 31 December 2020 are 670.9 MMboe and reflect a positive revision of 39.3 MMboe. The 3P reserves as at 31 December 2020 are 826.0…
NCS exploration delivers good results
The NCS Exploration Strategy 2020 conference took place in November with presentations by oil companies on their strategies and plans. In addition, both NPD and the Ministry of Petroleum gave important contributions.…
A “reservoir” model for the entire continental shelf, it’s been done in Belgium
Dissected by important pipelines, telecommunication cables and shipping lanes, dotted with ship wrecks and increasingly claimed by the offshore wind sector, it is easy to see how competition arises between…
Noreco presents production outlook
Having acquired Shell’s 36.8% interest in the Danish Underground Consortium last year, Noreco is now actively involved in the Tyra redevelopment project and is thereby a major player in the…
Hurricane significantly reduces basement play contingent resources
In a press release, the company pioneering the West of Shetland Basement Play reports on a material downgrade of expected volumes.
UKCS oil and gas production could be sustained for another 20 years, OGA concludes
The Oil and Gas Authority publishes annual report on UK oil and gas reserves and resources.
A reflection on the state of the industry
Shane Cowley puts the current oil and gas industry downturn in a global energy perspective.
How successful is exploration in Norway?
Success rate is still high on the NCS, but discoveries are small. Statistics demonstrate a success rate of 32% for the 157 wildcats drilled the last 5 years.