The UK’s oil regulator has unveiled plans to force North Sea operators to meet the government’s 2050 net zero goals.
New investment in the energy transition can be a “crucial pathway” out of the latest downturn for North Sea firms, according to the head of the Oil and Gas Authority (OGA).
A senior audit and assurance partner at Deloitte said the downturn could be a “catalyst” for change, but oil firms are first taking steps to survive the “uncharted waters”.
A group of UK North Sea oil and natural gas producers face an ambitious government-mandated target to cut their emissions as soon as 2025 as the nation seeks to make more real its ambition for net-zero fossil fuel pollution by the middle of the century.
Aberdeen ‘energy transition park’ and net zero should ‘feature heavily’ in oil sector deal – OGA boss
Proposals for an Aberdeen energy transition park, along with a host of net zero solutions, should be at the “heart” of an incoming sector deal, according to the head of the Oil and Gas Authority (OGA).
The climate emergency is an “even more pressing challenge” for the industry than the 2014 downturn according to the Oil and Gas Authority’s (OGA) chief executive.
Chief executive Andy Samuel has confirmed the Oil and Gas Authority has not yet needed to exercise its sanctioning powers despite ‘internal debates” on whether the regulator is being stringent enough.
A dip in collaboration and some cases of a lack of trust between oil firms should be a “wake up call” to the industry, according to the head of the Oil and Gas Authority (OGA).
The chief executive of the Oil and Gas Authority (OGA) has claimed the UK’s goals for a crucial new climate change technology are “remarkably achievable”.
The Oil and Gas Authority (OGA) has launched the UK’s 32nd offshore licensing round as the industry seeks to restore exploration activity.
The UK oil and gas industry is starting to get “very good” at decommissioning, the sector’s top regulator said yesterday.
A UK oil industry chief said yesterday that margins needed to be “much higher” for oilfield service companies if they are to carry on operating at current levels.
Oil & Gas UK today confirmed the line-up for the opening day of its annual conference, being held at Aberdeen’s Exhibition and Conference Centre from June 4-6.
Industry leaders are “often lacking” confidence to look beyond the current cycle in the North Sea, the regulator has warned.
More clarity is expected on North Sea decommissioning costs by the end of the month, according to the chief executive of the Oil and Gas Authority (OGA).
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.
The North Sea oil and gas industry in 2018 gave investors a clear sign of the “massive value” it can still deliver.
The UK oil sector's regulator said Total's latest gas discovery west of Shetland is "great news" for Britain's energy security.
The regulator for North Sea industry said it expects more "high value projects" to be sanctioned this year, prolonging production for years to come.
The Oil and Gas Authority (OGA) has published more than 400 new “recovery factor benchmarks” for oil and gas fields in the UK North Sea.
The Oil and Gas Authority's (OGA) chief executive has 900 million barrels in his direct line of sight.
There is still a "considerable and compelling prize" to be won in the North Sea, according to the Oil and Gas Authority (OGA) chief executive.
As the North Sea looks to unlock future development potential, Oil and Gas Authority (OGA) chief executive Andy Samuel emphasized the need to hone its decommissioning abilities, helping position the region at the forefront of the emerging and developing sector.
Scotland will be at the forefront of the future of oil and gas, the Exchequer Secretary to the Treasury will claim today as Offshore Europe gets under way in Aberdeen today.
I’m often asked about the role of the OGA, ‘collaboration’, the use of regulatory powers and the impact the authority has made.