Britain’s oil and gas sector ‘is at a crossroads’

Oil & Gas UK says despite improvements, more investment is needed to ensure the long-term future of the North Sea

Equinor to drill up to 3,000 wells in offshore Norway before 2040

This figure totals almost as many wells as it has drilled since the company was established in 1972

Cuadrilla completes second UK shale gas well in Lancashire

It is seeking consent from the government to frack at Preston New Road later this year

EU approves Dutch compensation for gas extraction earthquake damage

The government intends to set up a non-profit foundation to manage real estate activities affected by the tremor

Permian Basin wells break-even as low as $22 per barrel

GlobalData says this is partly enabled by companies drilling much longer sideways wells

Greenpeace protesters abseil into Total’s AGM

They were protesting the energy giant’s plans to drill in the mouth of the Amazon and French Guiana

New York State advances bill to prohibit offshore drilling

It aims to be excluded from the Trump administration’s plan to expand offshore drilling in the Atlantic and Pacific oceans

HSBC not banking on coal power stations

The new policy will apply globally except for three countries where projects may be given exemption “if no reasonable energy alternative can be found”

Trio wins $1.5bn Statoil drilling contracts

They cover the plugging, maintenance and modifications on 18 of Statoil’s fixed platforms

ExxonMobil makes seventh oil discovery offshore Guyana

ExxonMobil has announced its seventh oil discovery offshore Guyana. It found around 20 metres of “high quality, oil-bearing sandstone reservoir” after drilling at the Pacora-1 exploration well. Steve Greenlee, President of ExxonMobil Exploration Company said: “Pacora will be developed in conjunction with the giant Payara field and along with other phases, will help bring Guyana […]