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17/01/2002
North Sea oil field discovered near Aberdeen
Test drilling into an oil field off the coast of Aberdeen has revealed that the area contains 25 per cent more yield than originally anticipated, making it the biggest North Sea oil discovery in more than a decade.
The area, known as the Buzzard Field, lies 125 kilometres north east of Aberdeen. Initial investigation into the well during the summer of 2001 had pinpointed oil reserves of up to 300 million barrels, but the most recent series of exploratory drilling has upped the estimate by another 100 million barrels.
The Buzzard well is jointly owned by PanCanadian Petroleum, Edinburgh Oil and Gas, and BG (formerly British Gas). The initial discovery of oil in the field saw shares in all companies doubling in July of last year.
Initial estimates that the field will come ‘onstream’ some time in 2004, and the discovery has added impetus to the search for other oil reserves in the North Sea area. (CL)
The area, known as the Buzzard Field, lies 125 kilometres north east of Aberdeen. Initial investigation into the well during the summer of 2001 had pinpointed oil reserves of up to 300 million barrels, but the most recent series of exploratory drilling has upped the estimate by another 100 million barrels.
The Buzzard well is jointly owned by PanCanadian Petroleum, Edinburgh Oil and Gas, and BG (formerly British Gas). The initial discovery of oil in the field saw shares in all companies doubling in July of last year.
Initial estimates that the field will come ‘onstream’ some time in 2004, and the discovery has added impetus to the search for other oil reserves in the North Sea area. (CL)
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24 March 2004
'Brenda' North Sea oil find 'significant', says oil company
A Canadian-based oil exploration firm have announced that test drilling at 'Brenda' in the North Sea has revealed a "significant" find. Analysis of the flow from the Paleocene Forties sandstone in the Outer Moray Forth during production testing operations produced no water or sand during the test period, said Oilexco.
'Brenda' North Sea oil find 'significant', says oil company
A Canadian-based oil exploration firm have announced that test drilling at 'Brenda' in the North Sea has revealed a "significant" find. Analysis of the flow from the Paleocene Forties sandstone in the Outer Moray Forth during production testing operations produced no water or sand during the test period, said Oilexco.
25 March 2004
Shell signs deal to re-enter Libya
Shell has signed a strategic deal with Libya's state-owned oil company to re-enter the Libyian oil exploration market. The landmark agreement between Shell and the National Oil Corporation of Libya coincided with a visit today to Tripoli by British Prime Minister Tony Bair who met with Libyan leader, Colonel Muammar Gaddafi.
Shell signs deal to re-enter Libya
Shell has signed a strategic deal with Libya's state-owned oil company to re-enter the Libyian oil exploration market. The landmark agreement between Shell and the National Oil Corporation of Libya coincided with a visit today to Tripoli by British Prime Minister Tony Bair who met with Libyan leader, Colonel Muammar Gaddafi.
10 June 2002
UK manufacturing goods price rise
The Office for National Statistics (ONS) have said that goods manufactured in the UK fetched slightly higher prices in May. The ONS said the price of goods leaving factory gates rose by 0.3% in May thanks to increases in tobacco, petroleum and other manufactured goods prices, however the annual rate fell to just 0.1%.
UK manufacturing goods price rise
The Office for National Statistics (ONS) have said that goods manufactured in the UK fetched slightly higher prices in May. The ONS said the price of goods leaving factory gates rose by 0.3% in May thanks to increases in tobacco, petroleum and other manufactured goods prices, however the annual rate fell to just 0.1%.
24 February 2003
Sx3 aid IT oil and gas overhaul
An investment in the latest IT management system is playing a crucial role in the development of Northern Ireland's largest combined oil and gas distributor, DCC Energy Limited. Due to its continued expansion programme DCC Energy Limited appointed local technology company, Sx3, to streamline its IT infrastructure.
Sx3 aid IT oil and gas overhaul
An investment in the latest IT management system is playing a crucial role in the development of Northern Ireland's largest combined oil and gas distributor, DCC Energy Limited. Due to its continued expansion programme DCC Energy Limited appointed local technology company, Sx3, to streamline its IT infrastructure.
15 January 2003
Brazil finds Fast way to cut oil pollution thanks to NI firm
Petrobras, Brazil’s biggest business and the world’s 12th largest oil company, has ordered equipment from Fast Engineering in Antrim as part of its strategy to counter pollution.
Brazil finds Fast way to cut oil pollution thanks to NI firm
Petrobras, Brazil’s biggest business and the world’s 12th largest oil company, has ordered equipment from Fast Engineering in Antrim as part of its strategy to counter pollution.
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Northern Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
