North Sea

Ineos snaps up Dong Energy’s North Sea assets in £1bn deal

Ineos has taken another big move into the oil and gas sector by agreeing to buy Dong Energy’s portfolio of North Sea assets in a deal worth up to $1.3bn (£1bn) .<p>The deal is expected to close in the third quarter and will catapult the petrochemicals giant, backed by billionaire Jim Ratcliffe, into …

Oil

3 Key Takeaways Hidden in Apache's Q1 Earnings

The outlook has been pretty gloomy for oil and gas exploration and production companies. But several are starting to see modest growth, and<b>Apache</b>(NYSE: APA) is no exception to this trend.<p>Apache's growth forecast is especially compelling because of its big Alpine High find in the Permian Basin. …

Stocks

Statoil set to start North Sea's Gina Krog oil and gas field

Statoil (NYSE:STO) wins approval from Norwegian regulators for the start of production from the Gina Krog field in the North Sea.<p>Gina Krog is …

Oil

Europe - Baltic & North Atlantic Cruises 2017-2018-2019 | Cruises from Europe - Baltic & North Atlantic $92/day twin share

Cruises from Europe - Baltic & North Atlantic & all Europe - Baltic & North Atlantic cruises for 2017-2018-2019<p>View Europe - Baltic & North Atlantic …

Europe

Billionaire Ratcliffe Hunts Oil to Repeat Chemicals Empire - Bloomberg

Billionaire Jim Ratcliffe is seeking to replicate in oil what he did two decades ago to make Ineos AG into one of the world’s five biggest chemicals …

Oil

Jim Ratcliffe's Ineos continues North Sea expansion with Dong Energy asset buyout

Ineos is buying yet another North Sea oil and gas business to continue its operational expansion in the region.<p>Tycoon Jim Ratcliffe's Ineos is in …

Oil

The Archivist: Navigating by Heart

Here find a surfing pair of identical-twin Frenchmen, born in Casablanca, who live in a tent, appear to share a common brain, and build boats. After …

Sailing

Wood offers to sell majority of Amec's UK oil and gas business to get merger green light

Wood Group has offered to sell the majority of Amec Foster Wheeler's upstream oil and gas business located in the UK, in an effort to receive clearance for the £2.2bn proposed takeover of its smaller rival.<p>Critics had warned that Aberdeen-based Wood could face a lengthy battle to persuade …

Oil

Reality Starts To Bite For The U.K. Nuclear Industry

Clarity about what exit from Euratom means; National Grid delays while NuGen plant gets sorted out.<p>With BREXIT, an upcoming election and nuclear …

Energy

Exclusive: SNP unveils plan to help oil industry ‘thrive for years’

The SNP today hit out at the Conservatives’ plan for a “managed decline” of the oil and gas sector as it unveiled its own general election offering …

Oil

BP Steadily Moving Toward 4 Million BPD Production

BP consistently adding to production - growth over next several years looks solid.<p>Latest is Quad 204 in the North Sea - the third of seven new …

Oil

New BP oil project breathes new life into North Sea

| LONDON<p>BP has started production at an oilfield in the North Sea after a $5.7 billion (4.4 billion pounds) redevelopment, one of the largest such projects there in recent years that will breathe new life into the ageing offshore basin.<p>The Quad 204 project in the western Shetland region, also knows …

Oil

First oil flows from redeveloped Schiehallion field

<b>The first oil has been produced from the redeveloped Schiehallion field, which BP says could unlock 450 million barrels.</b><p>Schiehallion - 110 miles west of Shetland - has been shut down for refurbishment since 2013.<p>The Quad 204 project aims to breathe new life into the Schiehallion and neighbouring …

Oil

BP returns to the North Sea

BP is celebrating the start of production from Quad 204, one of the largest field redevelopments in North Sea history.<p>Output from the project will …

Oil

Gas leak shuts Brent Charlie North Sea platform

<b>The oil company Shell has said it shut down a platform in the North Sea after a gas leak.</b><p>The leak was detected on Friday on the Brent Charlie platform, 115 miles north-east of Shetland.<p>Production has been stopped and 31 non-essential personnel are being flown home as a precaution. Shell said the …

Oil

The Plan to Build a Wind Farm Island by 2050

It could supply over 80 million people with wind power, and major players are betting on it.<p>Among ideas to increase use of wind power in the world, the North Sea Wind Power Hub might be the most ambitious. The plan is build an artificial island in the North Sea that would supply energy to up to 80 …

‘I’ll sleep on dunes under the stars’: writer Ben Love on Denmark’s beautiful coast

With 7,000km of coastline you can always find an empty beach in Denmark, as well as bike routes, Viking history and delicious food along its shores<p><b>Wherever you are in Denmark, you’re never more than 50km from the sea.</b> I can’t imagine sitting on a crowded beach, however beautiful it might be; …

Europe

Traders Brace for First Winter Without U.K.'s Big Gas Store - Bloomberg

For the first time in more than three decades, natural gas traders, utilities and producers are preparing for a winter without the U.K.’s biggest …

Oil

A Sovereign Fund Without the Wealth - Bloomberg Gadfly

Britain's ruling Conservative Party says it plans to establish a sovereign wealth fund. It's a great idea -- albeit one that comes decades too late, …

Oil

North Sea Wind Power Hub: A giant wind farm to power all of north Europe

Coming up: 100GW mega wind farms on synthetic islands in the middle of the North Sea.<p>The harnessing of energy has never been without projects of …

Wind Power

Tory manifesto: No Scottish independence referendum without 'public consent'

Theresa May will block a second independence referendum if the Conservatives win the general election unless there is “public consent” for rerun, according to their general election manifesto.<p>The Tory blueprint signalled that another vote will not take for several years by stating it would not be …

Referendums

BP revisits 1970s petrol station — but wants to step on the gas

Energy group resumes production at £4.4bn Shetlands project<p>North Sea oil has long inspired feelings of national pride. And nationalist passion. So, …

Oil

The North Sea is a sign of what awaits in the Anthropocene – David Farrier

The red-veined rocks of Bohuslän in western Sweden have one of the highest concentrations of Bronze Age art in Europe. I was lucky enough to see the …

Oceans

Scotland Fights to Keep Its Renewable Energy Dream Alive - Bloomberg

Scotland was so bullish about becoming Europe’s wind energy hub its politicians fell out with a brash real-estate developer and reality TV star …

Renewable Energy

North Sea oil output set to jump by 400K bbl/day on new projects, efficiency

North Sea oil production is expected to jump by a net 400K bbl/day, or ~20%, in the next two years, defying gloomy forecasts for the oldest deepwater …

Oil

New oil projects brighten North Sea's twilight years

(The May 16 story was refiled to remove reference to North Sea net output rise in paragraph 1, corrects output projections in paragraph 3, changes headline to conform)<p>By Amanda Cooper and Ron Bousso<p>New oil projects over the next two years in the North Sea will have combined capacity to produce 1.2 …

Oil

Oil prices bounce higher as ministers promise crude cuts until 2018

Oil prices have bounded higher after oil ministers from Saudi Arabia and Russia said that the joint deal to cut crude production from the global market would be extended into next year.<p>The ministers offered markets the clearest sign yet that a meeting between the world’s largest oil producers later …

Oil

BP restarts production at £4.4bn North Sea oilfield

Redeveloped project in Schiehallion area will return group’s oil output to growth<p>BP has restarted production at a £4.4bn project in the North Sea …

Oil

Quack, quack

<i>To receive the Brussels Briefing in your inbox every morning, register for a free FT account here and then sign up here.</i><p>“Ceci n’est pas un transport …

Brexit

Mercuria warns of undue impact of derivatives on dated Brent oil price

| LONDON<p>Trading in the North Sea crude oil physical market has seen a boost from a growing number of participants, but trader Mercuria warned on Thursday that more financial players meant derivatives could have an unduly large impact on the setting of the dated Brent benchmark price.<p>Dated Brent, …

Oil