Oil and Gas News from OilGasDaily.Com  
OIL AND GAS
More drilling on tap for North Sea
by Daniel J. Graeber
Washington (UPI) May 18, 2017


The Norwegian government said it gave its consent for the drilling of more appraisal wells to see what's east of a producing field in the North Sea.

The Petroleum Safety Authority of Norway said it signed off on plans submitted by the regional subsidiary of Faroe Petroleum to drill at a discovery east of the Oseberg field in the North Sea.

"Faroe has made a discovery named Brasse in well 31/7-1, and now wishes to drill two appraisal wells designated 31/7-2 and 31/7-3," the regulator announced.

Faroe declared a series of successes last year at its Brasse prospect. The presence of oil and gas was confirmed during earlier drilling campaigns. Reservoirs near the vicinity of the Brasse prospect were producing around 20,000 barrels of oil equivalent per day last year.

Faroe reported net average production of 17,395 barrels of oil equivalent per day last year, a gain of nearly 7,000 barrels from the previous year. Total revenue of $122.6 million was down 16 percent.

Norway is one of the leading oil and natural gas exporters to the European market, apart from Russia, and most of what the country produces offshore is designated for exports.

The government has yet to issue production figures for April. A preliminary estimate of March volumes showed a production rate of 1.7 million barrels of oil per day, which was 8 percent higher year-over-year and 1.6 percent greater than expected. Total gas production was also slightly above last year's figures.

OIL AND GAS
Oil development plans nearly ready for Senegal
Washington (UPI) May 18, 2017
Operators drilling for oil offshore Senegal said they have enough data to start preparations for submitting development plans to the government next year. Cairn Energy, which has a controlling interest in some of the operations in the oil basins off the coast of Senegal, said oil flowed from its SNE-6 appraisal well, which also proved it was connected to other wells in the series. ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Triple play boosting value of renewable fuel could tip market in favor of biomass

Insight into enzyme's 3-D structure could cut biofuel costs

Microbial fuel cell converts methane to electricity

A full life cycle assessment of second-generation biofuels

OIL AND GAS
NRL Tests Autonomous 'Soaring with Solar' Concept

EU SmartFlex project finishes reference solar facade

InnoEnergy-backed Solaris Offgrid raises 1M Euro to tackle global electricity poverty

Beaumont Solar Announces the Beaumont "Big C" Services Unit to Solar Industry

OIL AND GAS
Scientists track porpoises to assess impact of offshore wind farms

Dutch open 'world's largest offshore' wind farm

OX2 will manage a 45 MW wind farm owned by IKEA Group in Lithuania

Building Energy celebrates the beginning of operations and electricity generation of its first wind farm

OIL AND GAS
Swiss vote for gradual nuclear phaseout, energy makeover

Hungary: AREVA NP awarded contract for safety IC modernization at Paks Nuclear Power Plant

India to build 10 domestic nuclear power reactors

Japan restarts another reactor

OIL AND GAS
The EU: What happened to climate's poster child; Canada blocks audit change

Rising temperatures threaten stability of Tibetan alpine grasslands

New scrutiny of poles as world braces for climate shifts: UN

Tillerson: Trump will not rush US climate policy review

OIL AND GAS
Singapore car 'vending machine' dispenses with tradition

GM announces drive for sustainable rubber

Judge curbs Uber engineer in trade secrets case

Volvo says may pull brake on diesel engines

OIL AND GAS
Brisk business for Mosul's first post-IS liquor store

Rescued 'human shields' tell of Mosul horror

IS 'on brink of defeat' after losing 90% of west Mosul: officers

Militants kill two Iraqi police in anti-IS stronghold

OIL AND GAS
US would talk to N. Korea if missile, nuclear tests stop: Haley

North Korea poses threat to China, Russia: US admiral

UN Security Council weighs new sanctions on North Korea

S. Korea, US to hold Washington summit in June: Seoul









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.