Cairn Energy plc announced a decrease in revenue as net oil production fell slightly below guidance figures. In its full year result for 2020, the group’s revenue from net oil and gas sales was recorded at US$324 million (2019: $504m) following the fall in oil prices last year. Net oil production averaged just over 21,000 bopd, […]
Tag: North Sea
Neptune tests new way to measure methane emissions
Neptune Energy today announced a scientific collaboration to test a new approach to measure oil and gas methane emissions from offshore oil and gas sites. The hydrocarbon company will work with the American group, Environmental Defense Fund (EDF), whose international researchers will evaluate advanced methods for quantifying offshore methane emissions, identify key sources and prioritise […]
JOG reports 172 MMboe low carbon potential at GBA
Jersey Oil & Gas (JOG) said that its concept select report showed a potential 172 MMboe of 2C contingent resource estimates, to be delivered via platform electrification, in the Greater Buchan Area (GBA) in the Central North Sea. PROJECT The company estimates that overall carbon emissions from the GBA with platform electrification will be <1kg/boe. Production […]
JOG takes more control in GBA with merged licence
Jersey Oil & Gas plc (JOG) said it had increased its control in the Greater Buchan Area (GBA) following the execution of the merged licence P2498. Part block 20/5e is located within the company’s GBA development acreage and contains an extension of the J2 (well 20/05a-10Y) oil discovery. This part block has been incorporated within […]
JOG’s new analysis shows 50% increase in Buchan estimate
Jersey Oil & Gas (JOG) announced that a new analysis showed a “significant” increase in 2C contingent resource estimate for the Buchan oil field within the Greater Buchan Area (GBA) in the Central North Sea. BUCHAN FIELD The independent upstream hydrocarbon company reported 126 million stock tank barrels (MMstb) of the P50 estimate of technically recoverable […]
Spirit wins new North Sea-Norwegian Sea licences
Spirit Energy has won three new licences in the Awards in Predefined Areas (APA) 2020 round in the North Sea and Norwegian Sea. Production Licence 1049 B is in the North Sea where the operator is Equinor (40%) and partners are Petoro (20%) and Spirit Energy (20%). Production Licence 1112 is in the Norwegian Sea. […]