Potentially โover 300โ unexplored North Sea discoveries at risk due to windfall tax uncertainty
Hundreds of North Sea oil and gas discoveries could be abandoned as companies battle with uncertain headwinds.
Hundreds of North Sea oil and gas discoveries could be abandoned as companies battle with uncertain headwinds.
The North Sea Transition Authority (NSTA) has set a new cost target for offshore decommissioning โ as the original goal looks set to be missed.
An Aberdeen University petroleum economist has been honoured with an international recognition from the energy industry.
The North Sea will take a ยฃ17.5 billion hit from the new windfall tax, the Aberdeen and Grampian Chamber of Commerce (AGCC) has claimed.
Windfall tax measures announced by Rishi Sunak could "accelerate" major UK oil and gas projects like Cambo and Rosebank, according to experts.
Reaction to news that the leading trade body for the North Sea, Oil and Gas UK (OGUK), is rebranding has varied from claims of it being a โPR stuntโ to praise for a move thatโs โnot before timeโ.
Soaring gas prices caused the demise of a raft of energy suppliers in 2021 and will likely lead to a โcrisisโ rise in household bills next year, industry experts have warned.
New research has shed light on the role of the Piper Alpha disaster in preventing further oil and gas releases in the North Sea.
A renowned petro-economist believes carbon pricing will be one of the โsticksโ the UK Government uses to compel oil firms to invest in emissions-busting technologies.
A top petro-economist said today that the Covid-19 mutation had left an โopen questionโ about the direction of Brent crude prices in the coming weeks.
North Sea operators have shelved more than half a billion pounds of decommissioning spending, according to a new report from Oil and Gas UK (OGUK).
Efforts to reduce the UK's offshore decommissioning bill last year were "largely negated" by 5% of operators who increased their costs by ยฃ1billion, according to the Oil and Gas Authority (OGA).
The โastonishingโ changes in the world oil market have left the North Sea industry facing a โvery toughโ future, a top petroeconomist has warned.
Cutting costs has added years to the life of Serica Energyโs Bruce platform, but other operators may need to "hasten" the end of some North Sea assets according to CEO Mitch Flegg.
A leading petroleum economist has said it would โrequire something cataclysmicโ for the international oil benchmark to follow that of the US into negative pricing.
North Sea firms still face โvery toughโ times despite the Opec cartel and its allies striking a landmark deal to reduce output by almost 10 million barrels of oil per day, a top petro-economist has said.
A slump in crude prices following the collapse of high-stakes talks today has created a โreal dangerโ that North Sea oil firms will delay investing in new fields, a top petroeconomist said.
Oil prices are likely to remain โelevatedโ after a US airstrike heightened the prospect of supply disruption from the Middle East, a prominent Aberdeen petro-economist said today.
A prominent petroleum economist is urging government to introduce policies paving the way for the delivery of more UK North Sea oil.
The oil and gas industry has welcomed the new UK government as it looks ahead to a โtransformationalโ sector deal and braces for tax changes for thousands of contractors.
A group of nations which aims to manage the global oil supply was last night poised to make further production cuts in a bid to stabilise the oil price.
North Sea oil and gas receipts should go towards a "net-zero fund", according to Scotland's First Minister Nicola Sturgeon.
A prominent petro-economist has labelled the Labour Partyโs plans to impose an ยฃ11 billion โwindfall taxโ on the oil and gas industry โmisguidedโ.
A leading petroleum economist has said there are โpositive signsโ that a new law is making an impact on North Sea deals, a year on since it came into effect.
A rule placing liability on operators for any post-decommissioning incidents could be a โkey partโ of the Shell Brent debate, according to a petroleum economist.