Monday 29 December 2014

29 December 2014

EMGS strikes $1.8million Brazil deal

EMGS has signed a data licensing agreement

EMGS (Electromagnetic Geoservices) has struck a licensing agreement worth $1.8million in Foz do Amazona in Brazil. The company will assist an international oil company in the provision of 3D EM data

Fires put out at three oil tanks at Libya’s Es Sider Port

Libya extinguished fires at three of five oil-storage tanks that started last week at its largest oil port, helping global crude prices to stabilize. Libya is still seeking international assistance because of possible environmental damage, said Ali al-Hasy, a spokesman for the Petroleum Facilities Guard, part of the internationally-recognized government of Prime Minister Abdullah al-Thinni

Industry should adapt to new level of volatility

Professional services firm PwC said the oil and gas industry will need to adapt to the new level of volatility within the sector. The company’s oil and gas team said there was little expectation of a rapid rebound in oil prices, which have dropped by 46% in the past six months

Gallery: 2014 Industry milestones

As 2014 draws to a dramatic close for the industry, Energy Voice reflects on milestone events that fuelled a hectic year

Brent makes modest recovery on FTSE 100

The London market picked up where it left off before Christmas as strong trading among mining stocks helped the FTSE 100 Index to more gains. A strong session for Asian markets overnight and a modest recovery in the price of Brent crude oil to about 60 US dollars a barrel ensured the likes of BHP Billiton, Rio Tinto and BP were in positive territory

Dragon Oil makes second oil discovery in Iraq block

Dragon Oil has made a second discovery at Block 9 in Iraq. The company, which is in a consortium with Kuwait Energy, had success in its Faihaa-1 exploration well, after targeting the Yamama formation

Cape wins five year contract extension with EDF Energy

Cape has been awarded a five year contract extension by EDF Energy for the supply of access, insulation and associated service in support of its eight nuclear power stations in the UK

BG loads up first QCLNG cargo

BG Group has loaded up its first cargo from the QCLNG (Queensland Curtis Liquefied Natural Gas) project. The company said the first vessel being loaded is from the Methane Rita Andrea

Solar power capacity rises by third

Scotland’s solar power capacity has increased by almost a third in the past year, according to new figures. More than 35,000 homes and 600 business premises now have solar photo-voltaic (PV) systems, December figures from regulator Ofgem show

Opinion: What the great oil bust of 2014 means for 2015

The precipitous decline in oil prices during the past six months creates the sort of economic upheaval that’s likely to alter the course of companies and countries

Opinion: Looking ahead at the energy industry in 2015

There has been an increased focus on the energy industry in recent weeks and months as a result of quickly decreasing oil prices. A key objective for the industry in 2015 will be to identify where savings can be made whilst maintaining optimum exploration and production activity

Opinion: 2015 - a pivotal year

Happy new year. As the dust settles on a momentous year in Scotland's history, thoughts turn to 2015, a year likely to be highly significant in the future of the North Sea