BP starts production from giant Oman gas field

Production has started at a giant gas field in Oman. Phase One of the Khazzan field, operated by BP in partnership with Oman Oil Company Exploration and Production, is expected to plateau at one billion cubic feet of gas per day (bcf/d). Once the second phase is up and running, production is expected to rise […]

Statoil’s new North Sea gas discovery

A promising site for a new gas well has been found in the North Sea’s Valemon field. The discovery comes two years after the main Valemon platform went into operation and is being referred to as Valemon West. The well is estimated to contain a volume of gas equivalent to between 20 and 50 million barrels of oil – Statoil says these new reserves […]

BP doubles stake in North Sea gas field

BP has doubled its interest in a major gas field in the North Sea. It is part of the oil giant’s five-year £7 billion investment programme. Its stake has been raised in the Culzean development, operated by Maersk Oil, from 16% to 32%. The field, which was sanctioned at the end of August last year, […]

Azerbaijan gas field receives $1bn boost

An offshore gas field project in Azerbaijan is receiving funding worth $1billion (£0.64bn). The project, Shah Deniz Stage II, will bring gas to south-eastern Europe, a region said to be substantially dependent on coal and gas from a single source of supply. It will be transported through a chain of pipelines, including the planned Trans-Anatolian and Trans-Adriatic […]

Statoil opens new gas field in North Sea

A new gas field has officially been opened in the Norwegian North Sea. Norway’s Petroleum and Energy Minister Tord Lien cut the ribbon on the Valemon gas and condensate field yesterday. The expected recoverable reserves from the field are estimated at around 192 million barrels of oil equivalent. Energy company Statoil expects to invest around […]

Attack on Syrian gas field “kills at least 90”

Dozens were killed when a Syrian gas field was overrun by militants from the group formerly known as ISIS earlier this week, according to an NGO. The death toll was estimated to be at least 90 by the Syrian Observatory for Human Rights on Friday. The figure includes Syrian national soldiers, workers and security guards […]

BP holds minute’s silence for Algeria attack victims

BP staff are holding a minute’s silence today in memory of the people who were killed in the In Amenas hostage crisis. A week since the firm’s co-owned gas field was attacked by a group of more than 30 terrorists linked with al-Qaeda, the British oil firm said the silence was “a mark of respect […]

‘Eighty dead’ in Algeria gas field attack

The death toll after the Algeria gas field siege has mounted to 80 according to reports today, with British, American, Japanese, French, Norwegian, Filipino and Romanian workers reported dead or missing alongside militant casualties. Three Britons were killed during the hostage crisis at BP’s gas field in Algeria (pictured) while a further three British nationals […]