Serica awarded UK North Sea Exploration Licence Jun 25, 2009
Block 22/19c lies in the UK Central North Sea and is located approximately 20 kilometres to the west of Serica's Columbus field, currently under development. The Licence contains two Palaeocene Forties sand prospects known as Oates and Bowers. (Canada Newswire)
Oil prices ease in Asian trade Jun 24, 2009
London's Brent North Sea crude for August dipped 91 cents to 67. 89 dollars after 00004000 surging 1. (India Times)
COLUMN: Applying existing technologies to store CO2 Jun 24, 2009
The Sleipner project in the North Sea of Norway has been injecting 1 million tons of CO2 per year since 1995. Additional large-scale projects are either under way or planned throughout the U.S. and around the world. (Mattoon Journal-Gazette, IL)
Why this 'ghost village' from the 1970s was never used Jun 23, 2009
The village - big enough to house 500 people - was built along with a dry dock as the UK government rushed to cash in on North Sea oil. Similar yards were created at Nigg in Easter Ross and Whiteness, near Ardersier, in the Highlands. (BBC News -- UK)
Can Captured Carbon Save Coal-Fired Power? Jun 23, 2009
After all, since 1996, the Norwegian oil company StatoilHydro has been stripping CO2 out of natural gas from the Sleipner field in the North Sea and rather than venting it to the atmosphere has been -pumping it back into the field 1,000 meters deep for permanent storage. The basics of carbon dioxide storage are simple: the same Utsira sandstone formation that has stored the natural gas for millions of years can serve to trap the CO2, explains Olav Kaarstad, CCS adviser at Statoil. (Scientific American)
Oil tumbles below $US67 Jun 23, 2009
Brent North Sea crude for August delivery dropped US98 cents to $US66. Traders said concerns that a global economic recovery may come later than expected are dampening sentiment, with the sharp fall in US stocks overnight a grim reminder of the hurdles ahead. (Sydney Morning Herald -- Business)
Radio Frequency Identification: The Internet Of Things Jun 22, 2009
ScienceDaily (June 22, 2009) A tiny radio chip is arousing fear but also great enthusiasm. Is it a threat to everything that we know as personal data protection, or the optimal way of keeping track in a chaos of products. (Science Daily)
Oil prices dip below $70 Jun 22, 2009
Brent North Sea crude for August delivery eased 24 cents to $68. 95. (Business Report, South Africa)
* Market volatility takes toll on North Sea oil industry Jun 22, 2009
Market volatility takes toll on North Sea oil industry ... Despite a recent spike in oil prices, energy industry chiefs warn that infrastructure investment in the North Sea will not jump in tandem ... Bosses from the oil and gas sector gathered last week in the Scottish coastal city of Aberdeen for an industry conference that delivered little optimism regarding the outlook for North Sea development. (Taipei Times, Taiwan -- World)
Nigeria: Militants Hurt Oil Export, Hit More Pipelines Jun 22, 2009
MEND had threatened to extend its onslaught, tagged "Hurricane Piper Alpha, against neighbouring oil producing states of Bayelsa and Rivers, before shifting to Ondo, Edo and Akwa Ibom. "After destroying the entire oil infrastructure in Delta State, the hurricane will move into the neighbouring states of Bayelsa and Rivers before passing through the remaining states of Ondo, Edo and Akwa Ibom then finally head offshore," the group had said in an e-mailed statement. MEND said the attack on the... (allAfrica.com)
Commencement of Bowmore Appraisal Well Drilling Operations in UK North Sea Jun 22, 2009
CALGARY and LONDON, June 22 /CNW/ - Stratic Energy Corporation (TSX Venture: 'SE', AIM: 'SE') ("Stratic" or the "Company") announces that operator Nippon Oil Exploration and Production U.K. Limited commenced drilling operations on the 15/24a-J Bowmore appraisal well located in the UK Central North Sea with the Ocean Guardian semi-submersible rig on 20 June 2009 ... Stratic's principal interests are in the UK and Dutch sectors of the North Sea, Italy, Turkey and Syria. (Canada Newswire)
MHI's CO2 Capture Technology Has Been Selected by E.ON UK for its Application to UK CCS Demonstration Competition Jun 21, 2009
E.ON plans to separate, recover and compress the CO2 from the coal-fired flue gas and to store it within a depleted gas reservoir in the southern North Sea in collaboration with Tullow Oil plc, a UK oil company. MHI's CO2 recovery technology is known as the KM-CDR Process(TM). (JCN Network, Japan)
Oil prices dip after jump above $US72 Jun 20, 2009
In London trade, Brent North Sea crude for August delivery dropped $US1. 87 to $US69. (Sydney Morning Herald -- Business)
Economic impact of resurgent oil market Jun 20, 2009
The IEA has also upped its projection for non-Opec oil supply for 2009 by 170,000 bpd on stronger growth at new Russian fields, more robust North Sea production and higher crude output in Colombia. However, year-on-year, the projected non-Opec output of about 50. (The Star Online, Malaysia -- Business)
* GM prepares for US$130-per-barrel oil Jun 19, 2009
Brent North Sea crude for August delivery was up US$0. 48 to US$71. (Taipei Times, Taiwan -- Business)
Stocks to watch: Amtek Auto, Rel Infra, DLF, ITC, Sesa Goa Jun 19, 2009
Brent North Sea crude for August delivery advanced to $71 ... Brent North Sea crude for August delivery advanced to $71. (India Times)
Drummer swings mightily among several bands Jun 18, 2009
After his dates with Achison, Scott will return to the road in July on a bus tour across Europe with Trucks that will include appearances at the prestigious Montreux Jazz Festival and the North Sea Jazz Festival. He's also working on a recording of Christmas music with keyboardist and composer Ike Stubblefield. (Athens Banner-Herald)
Fishy loopholes Jun 18, 2009
But they have also been inadvertently responsible for the practice of "discards" which means, for instance, an estimated 40-60% of fish caught by trawlers in the North Sea is thrown back into the water, dead. Elizabeth Stevenson said the scam was down to "financial necessity". (BBC News -- UK)
Statoil Defies 27% Gas-Price Slump, Presses for Hard-to-Drill Shale Wells Jun 17, 2009
Oil producers such as StatoilHydro and are tapping unconventional sources to stem a decline in production from fields in the North Sea and other maturing areas ... StatoilHydro, which has operating rights on about 80 percent of Norways oil and gas production, is expanding to countries such as the U.S., and Brazil to compensate for dwindling North Sea resources and to boost its reserves. (Bloomberg -- Europe)
The Final Problem: Speculation and the Price of Oil Again Jun 17, 2009
Futures prices and spot prices are for the most part highly visible, and a good example of the latter are spot prices for West Texas Intermediate (WTI) oil or North Sea (Brent) oil. The beauty of paper oil is that it is bought and sold on an exchanges that are analogous to a stock exchange, and with highly transparent prices that can occasionally serve as a proxy for the price of physical oil. (Energy Pulse, CO)
The next 'moon landing?' Norway plans deep-sea CO2 storage. Jun 16, 2009
Oslo - Can the North Sea basin hold all of the carbon dioxide in Europe ... At a high-level conference in Bergen last month, the oil-rich Nordic nation announced that it will work with Britain to study how the base of the North Sea could be used for carbon dioxide storage for European countries ... The joint British-Norwegian study will build a profile for the whole North Sea, assessing each countries' storage potential and projections of likely volumes and locations of carbon dioxide (CO2)... (Christian Science Monitor)
Local cops experience life, law in Germany Jun 16, 2009
of the North Sea and. saw the often-photographed Neuschwanstein Castle. (Winona Daily News, MN)
Part of a Neanderthal man's skull is dredged up from the North Sea Jun 16, 2009
Part of a Neanderthal man's skull has been dredged up from the North Sea, in the first confirmed find of its kind ... The North Sea is one of the world's richest areas for mammal fossils ... Significant areas of the North Sea were, at times, dry land. (BBC News)
Oil prices below US$70 in Asian trade Jun 16, 2009
com - Oil prices below US#dollar;70 in Asian trade. Oil prices below US 70 in Asian trade Posted: 16 June 2009 1025 hrs. (Channelnewsasia.com)
It's official: Cheap oil era over Jun 16, 2009
Given the IEA's new projections, this would represent an extraordinary addition to global energy supplies just when key sources of conventional oil in places like Mexico and the North Sea are expected to suffer severe declines. The extraction of oil sands, however, could prove a pollution disaster of the first order. (Asia Times Online)
Memories strong for New Smyrna woman Jun 16, 2009
His plane went down over the North Sea just days before he was to go to Buckingham Palace to receive the Distinguished Flying Cross. Another tale is the legend of the stolen pie. (Daytona Beach News Journal -- Local)
Oil hits new high for the year Jun 16, 2009
Brent North Sea crude for July delivery meanwhile advanced 20 cents to $71. The US Energy Information Administration (EIA) said Wednesday that US crude inventories tumbled 4. (Business Report, South Africa)
North Sea Flood of 1953 Jun 6, 2009
Hurricane force winds from the North Atlantic produced a storm surge in the North Sea and caused widespread coastal flooding by breaching seawalls and dikes ... All of these conditions were in place on January 31st to February 1st, 1953 when the North Sea flooded ... Causes of the 1953 North Sea Flood. (Suite101.com)
Elevated Water Temperature And Acidity Boost Growth Of Key Sea Star Species Jun 6, 2009
12, 2005) A relatively large number of algae grow in the North Sea. These form the basis for a much richer food chain than that found in the Atlantic Ocean. (Science Daily)
Clean energy depends on wider economy growth Jun 6, 2009
Britain has pinned its hopes on installing offshore wind turbines in the North Sea between Britain, Germany and Norway. The main hurdle was the speed of planning permits, said McCullough. (Scientific American)
CanElson Announces Appointment of Two New Directors Jun 6, 2009
He has had responsibility for the design and construction of both onshore and offshore drilling rigs for applications ranging from the North Sea to the Canadian Arctic to the Peruvian jungle. In addition to his role as a director with CanElson, he presently provides management consulting services and serves as non-executive Chairman of a leading online financial services firm listed on the London Stock Exchange (AIM). (CCNMatthews Press Releases)
Oil prices fall after spike above $US70 Jun 6, 2009
Brent North Sea crude for July delivery fell 37 cents to $US68. 34 a barrel in London, having spiked as high as $US69. (Sydney Morning Herald -- Business)
Emirates National Holds Talks With Dragon Oil, Contemplates Takeover Offer Jun 6, 2009
Heritage Oil Ltd., a U.K. explorer operating in Uganda and Iraq, said June 3 its in preliminary discussions that may lead to a merger, while Britains bought Oilexco North Sea Ltd. for $505 million in May ... Chief Executive Officer Abdul-Jaleel Al-Khalifa said in March that Dragon itself is studying purchases of assets and businesses to expand further in Central Asia, the Middle East, North Africa and the North Sea. (Bloomberg -- UK)
Proxy Governance and Egan-Jones Recommend Vote On White Proxy Card for Company's Nominees Jun 5, 2009
The Trico Marine Group is headquartered in The Woodlands, Texas and has a global presence with operations in the North Sea, West Africa, Mexico, Brazil and Southeast Asia as well as the Gulf of Mexico. For more information about Trico Marine Services, Inc. visit us on the web at. (Primezone Releases)
* Deep waters may prevent recovery of flight recorders Jun 5, 2009
Even ROV equipment can hardly work at those depths, but it remains the best available option, said Tor Norstegard, an investigator with Norways aviation accident investigation board and an expert in recovery of wreckage from the North Sea. Its one thing to go down to look at things, but its a much greater problem to take equipment down in order to bring up pieces of wreckage, he said. (Taipei Times, Taiwan -- Sports)
Oil recovers from profit taking Jun 4, 2009
Brent North Sea crude for delivery in July was 34 cents higher at $68. 51. (Business Report, South Africa)
A fishy past Jun 3, 2009
" Dr. Holm believes that moratoria on fisheries are effective ways to help fish stocks recover. "This is well illustrated by the rich harvests of fishermen after the Second World War and the rebuilding of North Sea herring stocks after the decline of the 1970s," said Holm. Don't Miss "Longer-lived species such as whales and large fish may take a long time to recover, but the remarkable return of the Pacific right whale after near-extinction gives reason for optimism. They were down to probably... (CNN -- International)
Ocean ghosts: how the future of our oceans hangs on knowing their detailed past Jun 3, 2009
This is well illustrated by the rich harvests of fishermen after World War II and the rebuilding of North Sea herring after the decline of the 1970s. In the last two or three decades citizens and politicians in rich and poor countries alike have come to recognise that our planet is small and vulnerable: a historic turn of the public mind. (BBC News -- Science)
Dana Petroleum Says It `Isn't for Sale,' Focuses on Boosting Production Jun 3, 2009
Premier Oil Plc this year bought Oilexco North Sea Ltd., while BG Group Plc is completing the takeover of Australias Pure Energy Resources Ltd. ... In 2006, Dana secured assets in the North Sea and Egypt by swapping part of its interest in Mauritania for stakes in the fields with Gaz de France, now. (Bloomberg -- UK)
Hurricane foreclosure Jun 2, 2009
Meanwhile, energy watchdog on a recent trip to Amsterdam he saw "19 oil tankers parked off the coast in the North Sea.... [that] are being used for floating storage due to the glut of oil in the market." The traders leasing those tankers are betting that the price of oil will be higher in the future -- a position supported by futures prices and OPEC's apparent current ability to hold the line on production increases. So if economic growth doesn't explain the price rise, is it fair, this time... (Salon)
California board urges no new oil drilling offshore Jun 2, 2009
REUTERS/Scanpix/Oddvar Walle Jensen. LOS ANGELES (Reuters) - The California State Lands Commission on Monday voted 2-0 to urge the state legislature to reject Governor Arnold Schwarzenegger's proposal to allow the state's first offshore oil drilling lease since 1969. (Scientific American)
* World Business Quick Take Jun 2, 2009
Brent North Sea crude for delivery next month advanced US$1. 04 to US$66. (Taipei Times, Taiwan -- Business)
Kuwait opposes high oil price Jun 1, 2009
31, while Brent North Sea closed at $US65. 52. (Sydney Morning Herald -- Business)
Big Ideas Need Small Places Jun 1, 2009
There is Sealand, a decommissioned sea fort in the North Sea that has been ruled and defended by Prince Paddy Roy Bates since 1967. There is Christiania, a hippie squatter district in Denmark sorry, adjacent to Denmark that has maintained its autonomy since 1971. (The American Conservative)
Trico Marine Sends Bulletin to Stockholders May 31, 2009
" We consider this statement to grant non-discretionary authority to the Independent Proxies to vote for Kistefos's proposals due a shareholder's return of an incomplete proxy card. A shareholder returning the Kistefos proxy card is on notice that failure to check off an instruction will result in an affirmative vote for a Kistefos proposal. We conclude, therefore, that this provision of the Kistefos proxy card is not impermissible under the Jones Act. While Kistefos's proposals, if adopted in... (PR Newswire)
Improved outlook pushes oil above $US66 May 30, 2009
Brent North Sea crude for July rose $US1. 13 to end the week at $US65. (Sydney Morning Herald -- Business)
Britain moves closer to clean coal power generation May 30, 2009
This has put Longannet on track to deliver a full CCS demonstration project by 2014, in line with government objectives, and kick-start a carbon storage industry for the Central North Sea, said the power plant's operator Scottish Power ... Friday's switch-on, coupled with the recent Scottish Regional Study highlighting the Central North Sea's potential to store all of Europe's CO2 emissions well into the next century, means that "a major new industry is now on the brink of being formed in the... (Xinhuanet, China)
Scottish Power Starts First U.K. Carbon-Capture Trial at Longannet Plant May 30, 2009
Rocks under the North Sea can store the entire carbon- dioxide output of Scotland and northeast England for two centuries, according to a University of Edinburgh-led study published on May 1. which manages the U.K.s natural-gas delivery network, has said its investigating devising a system of pipes to carry emissions from clusters of power plants in Scotland, near London and on Humberside and Teesside, all along the countrys east coast. (Bloomberg -- UK)
Oil falls below $65 May 29, 2009
Brent North Sea crude for July delivery was off 39 cents to $64. During US trading yesterday, New York crude jumped as high as 65. (India Times, India)
New RIL gas find may put India among top 15 producers May 29, 2009
It is now proving to be potentially Indias equivalent of North Sea or Gulf of Mexico. Read business stories in. (India Times)
Excelsior Announces First Quarter 2009 Results May 29, 2009
- Excelsior Energy North Sea Limited ("EENS"), a 75% indirectly owned subsidiary of Excelsior, was awarded licence P1691 for two new blocks in the UK North Sea at 16/1b and 16/2c in the United Kingdom Continental Shelf 25th Licensing Round in March 2009. These blocks are contiguous to EENS's existing North Sea blocks and cement the acreage position around the primary prospect ... - Seismic reprocessing on licence P1500 in the UK North Sea is completed and interpreted. (CCNMatthews Press Releases)
Carbon capture technology tested May 29, 2009
"There is the potential to create an industry on the same scale as North Sea Oil, and we will invest in Scotland and the UK to help to realise this potential.". The Longannet power station opened in 1969 and is the second largest in the UK.. (BBC News -- UK)
Norway bets on CO2 capture, storage despite risks May 29, 2009
SLEIPNER PLATFORM, North Sea (Reuters) - Norway sees carbon capture and storage (CCS) as a leading weapon to combat change and says the Sleipner field where it has buried carbon for 13 years demonstrates the technology is safe ... "There are quite big areas in the North Sea that are likely to be suitable for safe CO2 storage," said Olav Kaarstad, senior adviser on CCS for Norway's oil and gas producer StatoilHydro ... So StatoilHydro and partners Exxon Mobil and Total built the sequestering... (Scientific American)
Stratic Energy Corporation - First Quarter 2009 Results May 29, 2009
Kevin Watts, Stratic's President and Chief Executive Officer, commented: "We continue to work on our two key objectives: first, to conclude our disposals program to strengthen our balance sheet and second, to finalise the amendments to our banking arrangements to defer debt repayments and provide additional liquidity over the next few months. Operationally, we look forward to spudding wells on the North Sea Bowmore discovery in June and on our Syrian acreage in the second half of the year, and... (Canada Newswire)
Should green-minded Norway invest in Canadian oil-sands? May 28, 2009
Last week, Greenpeace failed in its bid to force Norway's StatoilHydro to abandon a $2 billion investment in a project that it says produces 10 times the greenhouse gases as North Sea drilling ... StatoilHydro counters criticism of its tar-sands investment by pointing to its growing portfolio of wind and wave energy projects and its strong environmental record for oil drilling in the North Sea ... "Our operations in the North Sea are extremely CO2-efficient compared to other oil producers around... (Christian Science Monitor)
Endeavour to Present at IPAA Oil and Gas Symposium London May 27, 2009
Endeavour International Corporation is an oil and gas exploration and production company focused on the acquisition, exploration and development of energy reserves in the North Sea and United States. For more information, visit. (PR Newswire)
Consensus on EU fisheries change May 26, 2009
It is estimated the existing system of quotas means for every kilogram of cod caught in the North Sea, another kilogram has to be dumped overboard, dead or alive. Replacing 'horse-trading. (BBC News -- Europe)
AMEC to Support BP's Deepwater Tubular Bells and Kodiak Discoveries in the Gulf of Mexico May 26, 2009
The contract is AMEC's first deepwater work to be executed under the global agreement with BP for offshore engineering and project management services and follows the announcement in November 2008 of the contract for support on the BP Clair project in the UK North Sea. Terrance Ivers, President of AMEC's Oil & Gas Americas business added: "Our team relishes the opportunity to meet the challenges inherent in development of a robust topsides design. A partnership with a customer such as BP and... (PR Newswire)
Hottest Oil Options Show 18% June Drop as OPEC Cheats, Storage Tanks Bulge May 26, 2009
Seasonal maintenance in the North Sea, which accounts for about 5 percent of world production, may further reduce supply, Jakob said. Hurricane Risk. (Bloomberg -- UK)
EU begins fisheries policy review May 25, 2009
For every kilogram of cod that was taken back to port from the North Sea in 2007 another kilogram was thrown back - mostly dead, according to the International Council for the Exploration of the Sea. Opportunity for change. (BBC News -- Europe)
Oil prices rise ahead of OPEC meeting May 24, 2009
In London, Brent North Sea crude for July advanced 85 cents to $US60. 78. (Sydney Morning Herald -- Business)
* Oil, gold rally further on signs of a global pick-up May 24, 2009
In London, Brent North Sea crude for July advanced US$0. 85 from Thursday to US$60. (Taipei Times, Taiwan -- World)
Firm demand boosts oil prices May 23, 2009
Brent North Sea crude for July delivery advanced 50 cents to $60. 43. (Business Report, South Africa)
Conoco's Humber U.K. Refinery Said to Plan Restart of Units After Shutdown May 23, 2009
The Humber plant refines crude, mainly from the North Sea, into fuels such as diesel and gasoline. About 75 percent of light-oil output is distributed in the U.K., with the remainder exported to markets in western Europe and the U.S., ConocoPhillips has said. (Bloomberg -- UK)
Outlook for oil: Bust and boom May 22, 2009
That certainly seems to be the pattern in the North Sea, at least. In the first quarter oil firms drilled the same number of wells to delineate past discoveries as they had a year before, according to Deloitte, an accounting firm. (The Economist)
