Exclusives

Vast shale deposits are beckoning, but the geology needs to work.

The company expects permits for its onshore exploration in the Emilia Romagna region to be issued in the first half of next year.

Scots reject independence with 55% voting no and 45% voting yes.

As the country’s referendum on independence nears, polls show Scots remain divided on the issue.

The overriding topic for discussion at ONS 2014 was cost reduction. 

Deepwater International

Kosmos Energy is taking a fresh look at a handful of new and existing exploration prospects in frontier waters offshore Ireland, according to partner Europa Oil & Gas.

Exploration

Open-hole wireline logs, mud logs and drill cuttings indicate seven Cenezoic-aged sandstones with an aggregate of 90.5 m (297 ft) of hydrocarbon-bearing rock and 22 m (72 ft) of potential net pay, the release said.

A group comprising PA Resources, First Oil and Gas and Dyas UK was awarded Block 21/24b in the U.K.’s 28th Seaward Licensing Round.

Lundin Petroleum AB has completed the drilling of wildcat well 33/2-1 on PL555, which encountered hydrocarbons in Cretaceous and Jurassic reservoir sequences but not in commercial quantities.

Two previously announced asset sales by Premier Oil have now been completed.

Eni has entered Portugal’s upstream oil and gas sector after finalizing an agreement with Petrogal, a subsidiary of Galp Energia, according to a news release.

Production

Det norske oljeselskap ASA has produced first oil from the Bøyla Field.

Coreflooding measures the effectiveness of water or gas injected into an oil-bearing rock sample to displace oil. This can be used to assess the potential for water flooding in an oil field, BP said in a news release.

Subsea Engineering

It’s too early to know if the new tax arrangements offered by the UK government will revitalise the offshore sector, but that it needs a lift is beyond doubt, despite near record investments of some £13bn. 

Aberdeen City Council is now arranging a job summit, amid fears thousands of posts could be axed, but fears have been expressed the event could achieve nothing.

Politics has reared its head in the energy industry again as Russia, in the form of Gazprom, has cancelled the $40bn South Stream gas pipeline project across the Black Sea which would have supplied gas to southern Europe while avoiding the Ukraine.

A new centre for well innovation (CWI) could make its way here.  

Total plans to bring the Glenlivet gas/condensate field onstream in 2018 with an ‘ullage-filling’ purpose in mind.

Technology

Chris Bruijnzeels will become the president and CEO of ShaMaran Petroleum Corp, a publicly listed oil and gas company in which Lundin Petroleum has a shareholding, the release said.

Statoil is awarding a contract to Kværner Verdal for delivery of the riser platform jacket for the Johan Sverdrup Field.

The U.K.’s Environmental Agency has granted Cuadrilla the environmental permits for its proposed shale gas exploration site at Preston New Road.

BP Plc will cut about 300 jobs in the U.K.’s North Sea to cope with slumping oil prices and aging oil fields.

Xodus Group has been recognized by BINDT as an approved training organization in the field of condition monitoring.