Westminster Files: Ministers knew tax change would hit North Sea
UK Government ministers knew that a controversial tax change in 1993 would “undoubtedly depress” exploration in the North Sea.
UK Government ministers knew that a controversial tax change in 1993 would “undoubtedly depress” exploration in the North Sea.
A Norwegian yard owner and a Dutch heavy lift crane vessel operator have signed the contract to decommission a UK North Sea platform.
Oil giant Shell today announced that it had finished offloading shares in its New Zealand business to Austrian oil company OMV.
2018 has been a busy and encouraging year with many positive developments; the OGA continues to have a high focus on asset stewardship and clear expectations of industry. Today the UKCS produces over 1.6 million barrels a day, production efficiency has increased for a fifth consecutive year and efficiency efforts are being sustained.
Over the past two years we’ve created more data than during the whole history of life on planet earth. The digital revolution is disrupting almost every industry and every home, in every country across the world. It’s affecting every part of our lives.
The subject of offshore hydrocarbon releases (HCRs) continues to be a major source of discussion in the UK oil and gas industry.
We have witnessed a steady increase in merger and acquisition (M&A) activity in the oil and gas sector in 2018 with a number of high-profile transactions concerning companies and/or asset sales in the upstream exploration and production (E&P) space as well as the energy services sector and supply chain.
DNO has threatened to withdraw its bid to acquire Aberdeen-based Faroe Petroleum if a decision is not made by January 2.
Energy services firm Halliburton has won a contract for work on the giant Zubair Oil Field in Southern Iraq.
Shell has started production from the world’s largest floating liquefied natural gas (FLNG) facility.
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Aberdeen-based Balmoral Group Holdings saw turnover and profitability drop over the course of the last year as the firm ploughed money into new investments.
Drilling has started on an exploration well in the Moray Firth, believed to hold up to 26million barrels of oil equivalent.
Aberdeen-headquartered Faroe Petroleum has announced the Cassidy exploration well has come up with disappointing results.
Total is in advanced talks with a pair of investment managers to sell some of its UK North Sea assets, according to a news report.
Australian company Spark Exploration could be sitting on oil reserves north of 1 billion barrels in the Rona Ridge area in West of Shetland waters.
Things haven’t been this bad for the world’s biggest oil stock since Ronald Reagan became president. But brace yourself, 2019 may not be much better.
Oil held its biggest gain in two years, after being swept up in a rebound across risk assets spurred by optimism about the global economy.
Faroe Petroleum’s chief executive has hit out at DNO’s hostile takeover bid, saying the Norwegian firm is “not offering the right price”.
Prosafe has won two North Sea contracts worth £18.1million.
A Caithness engineering and design company has created new jobs and moved into larger premises.
EnQuest has announced plans to review offshore rotas for workers on several of its North Sea assets.
Prosafe has confirmed it is seeking to reduce its offshore workforce on two North Sea vessels in a bid to cut costs.
Aberdeenshire-based Eland Oil and Gas has announced it will complete the Gbetiokun-3 appraisal well in January ahead of the start-up of an early production system.
OPEC hasn’t even started implementing its new six-month agreement to cut output, and already members responsible for most of the reductions have pledged to extend or even deepen it.