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  1. North Sea Huntington uplift boosts Premier’s production

    Offshore staff LONDON – Premier Oil ’s UK offshore production surpassed 40,000 boe/d during 4Q 2016. This was due largely to contributions from the portfolio of interest the company acquired from E.ON and increased output from the Solan field west of Shetland. In the UK central North Sea, the Huntington field averaged 10,800 boe/d last year, above expectations, due to high uptime and strong reservoir performance. With further well management, Premier aims to maintain this level during 2017. Production from the Total-operated Elgin-Franklin field, in which the company is a partner, also rose as a result of infill drilling, and more infill wells are planned this year. This spring Premier will switch to not normally manned operation of the Babbage field in the southern gas basin to reduce opex for the remainder of the field’s life, and also plans well interventions to maintain production levels. Solan’s performance fell below expectations due to a later than anticipated start-up and poorer than expected reservoir performance which is limiting water injection and P2 production rates. Actions to address this are under way, and including short-term increases in water injection pump capacity and other possible modifications later in the year. Production from Solan will likely stabilize at 10-13,000 boe/d this year with any material uplift from remedial action not expected before 2018. Otherwise production efficiency of the facilities has been good and six oil tanker offloadings have been successfully completed. In the central North Sea, Premier is targeting first oil from the Catcher project later this year and total capex of $1.6 billion, 29% lower than the sanctioned estimate. Eight development wells have now been completed.  Most recently, the second well on the Varadero template (VP3) was completed in December and, while constrained by surface equipment on the rig, achieved 8,000 boe/d on clean up. Due to a combination of strong well results and well placement optimization, Premier has reduced the well count for the base plan to 20 wells. The only subsea campaigns remaining, and due to start in June, are the tie-in of the new wells drilled and supporting hookup of the FPSO, which is due to sail from Singapore around mid-year. In the southern North Sea, Premier expects the Tolmount project to benefit from a higher gas price. Development planning is focused on a standalone normally unattended platform and a new gas export pipeline to shore, with a formal approval process to follow during the current quarter. Thereafter, Premier expects to award front-end engineering and design (FEED) with the FEED program starting shortly afterwards. 01/12/2017

    Online Articles

    Online Articles

    Thu, 12 Jan 2017

  2. Nigerian separatists hijack oil tanker , demand release of leader

    Nigerian separatists have hijacked an oil tanker and threatened to blow it up with its foreign crew if authorities do not release a detained leader agitating for a breakaway state of Biafra.

    Online Articles

    Online Articles

    Tue, 2 Feb 2016

  3. Runaway NY oil tanker tips, spills 100 gallons; no injuries

    A fire official says a runaway  oil   tanker truck has crashed into the side of an apartment building, tipped on its side and spilled 100 gallons of oil in suburban New York.

    Online Articles

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    Mon, 5 Oct 2015

  4. Oil transportation: Hijacked Malaysian oil tanker rescued, pirates flee

    Pirates who hijacked a Malaysian oil tanker last week have fled on the ship's lifeboat after being pursued by a Malaysian navy ship. 

    Online Articles

    Online Articles

    Fri, 19 Jun 2015

  1. Oil tanker industry to be hit by rise of U.S. shale oil

    Online Articles

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    Wed, 3 Oct 2012

  2. Oil and Gas News: Oil tanker laden with North Dakota crude reaches Netherlands

    Officials say a petroleum tanker laden with 175,000 barrels of North Dakota crude has made its way to Europe.

    Online Articles

    Online Articles

    Wed, 20 Apr 2016

  3. Oil and Gas News: Unions protest change in Alaska oil tanker escort contract

    Two maritime unions with 250 Alaska jobs at stake have begun a campaign to stop the operator of the trans-Alaska pipeline from switching to a nonunion company for escorting oil tankers safely out of Prince William Sound, where the Exxon Valdez spilled 11 million gallons of crude oil in 1989.

    Online Articles

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    Wed, 8 Jun 2016

  4. Indian oil tanker cancels shipment from Iran on E.U. pressure

    An oil tanker from India has been forced to cancel a planned shipment from the Iran in an early sign of the potential impact of the new sanctions on the Middle Eastern.

    Online Articles

    Online Articles

    Mon, 5 Mar 2012

  5. Oil and Gas News: Company sued in Casselton train derailment wants case moved

    A Pennsylvania steel company named in a lawsuit over an oil tanker train derailment near Casselton more than two years ago wants the case moved from state to federal court.

    Online Articles

    Online Articles

    Mon, 1 Aug 2016

  6. 69 killed as oil tanker truck explodes in southern Nigeria

    Red Cross chairman Peter Emeka Kathy said about 30 other victims have been hospitalized with severe burns. 

    Online Articles

    Online Articles

    Mon, 1 Jun 2015

  7. Oil and gas: West Virginia train derailment sends oil tanker into river

    A train carrying crude oil derailed in southern West Virginia on Monday, sending at least one tanker into the Kanawha River. 

    Online Articles

    Online Articles

    Mon, 16 Feb 2015

  8. Oil and Gas: Drill, baby, drill? Election reignites offshore-oil debate

    The controversy over drilling for oil in the Atlantic Ocean has been reignited by the election of Donald Trump, and environmentalists and coastal businesses say it could be the first major fault line that divides them from the new president.

    Online Articles

    Online Articles

    Thu, 24 Nov 2016

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