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Fairfield Energy has announced plans to shut its Dunlin Alpha platform in the North Sea due to low oil prices, as well as challenging operational conditions. Set to cost about £400m, the decommissioning process requires regulatory approvals. Located nearly 200km north-east of the Shetland Isles, the platform processes production from…
Gas giant Gazprom’s oil arm is shifting its trading operations from Austria back to Russia, it said, with industry sources saying the firm wanted to protect huge revenues from potential seizure as Moscow’s relations with the West worsen. A decision by Gazprom Neft to relocate trading from Vienna to St.…
Exploration and production firm Europa Oil & Gas has identified new prospects at two of the Irish Atlantic Margin licences.
Searcher Seismic has announced it will carry out a 9,000km Echidna Regional Broadband 2D seismic survey in Ireland. The survey, which will be undertaken in conjunction with project partner MAGE, is due to start in March 2015. It will be the first well-tie survey covering the Atlantic Margin offshore western…
Electromagnetic Geoservices (EMGS) and TGS have agreed to extend their cooperation agreement in the Barents Sea, Arctic Ocean. Both firms will acquire further 3D electromagnetic (EM) data for ten new blocks in the Nordkapp and Tiddly areas. EMGS and TGS will each hold a 50% share in the data. The…
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