Industry regulator the OGA (Oil and Gas Authority) has backed an additional £20million investment by the UK Government in the North Sea oil and gas industry. Prime Minister David Cameron visited Aberdeen today as the City Region Deal was announced with £250million of investment also awarded.
The head of the Oil and Gas UK Authority has said the industry in the North Sea is like an “ageing patient” that could face a “very grim” future.
The perception of the OGA’s role has shifted, according to chief executive Andy Samuel.
The oil and gas regulator has called on North Sea operators to listen to the supply chain if the industry wants to really improve collaboration and cut costs.
The chief executive of the Oil and Gas Authority (OGA) has called on the sector to invest in the next generation or risk perpetuating crippling sector skills gap. In the OGA’s official call to action, the industry leader said despite actions already taken in the wake of a dramatic oil price decline more significant change was needed. However, he added the sector’s “expertise, imagination and tenacity” would see it weather the storm. “Irrespective of the oil price, the UK offshore oil and gas industry needs to change,” he said.
Chief executive of the Oil and Gas Authority, Andy Samuel, has welcomed the formation of the new Efficiency Task Force (ETF), led by industry trade body Oil and Gas UK, that aims to greater efficiency with the UK North Sea sector.
Maersk Oil today confirmed it would invest $4.5billion in its high pressure, high temperature Culzean field in the UK Central North Sea.
It could easily be dubbed one of the North Sea’s most important helicopter rides.
The Oil and Gas Authority (OGA) today confirmed the final bids for the 28th offshore licensing round – making it one of the largest round-ups in 50 years.
The Oil and Gas Authority (OGA) is expected to confirm the remaining licences of the 28th offshore round today.
The Oil and Gas Authority (OGA) is expected to confirm the remaining licences of the 28th offshore round today.
Oil and Gas Authority (OGA) chief executive Andy Samuel will deliver the keynote speech at today’s Oil and Gas UK (OGUK) conference. The industry leader, who was tasked with carving out the new regulatory body’s role in the sector, will discuss why the industry must simplify its current landscape and ‘ruthlessly prioritise and focus on the things that really matter – value and urgency’.
The boss of the new oil and gas regulator has been revealed as the keynote speaker at the first Press and Journal Gold Awards. Andy Samuel, chief executive of the Oil and Gas Authority (OGA) which is set to usher in a new era of collaboration in the North Sea, said events such as the Gold Awards would help the industry “create a positive future”. The announcement of the evening’s highlight comes just days before the deadline for submitting entries to the awards comes on Friday. Mr Samuel said: “I am delighted to be speaking at the Press and Journal Gold Awards in June. At this challenging time for our industry, it has never been more important to recognise and reinforce the positive impact oil and gas companies and their employees have on Aberdeen and the north-east.”
A trio of recruits to the senior management team at the new North Sea oil and gas industry regulator are poised to join the ranks of the UK’s best-paid civil servants. Their salaries and those of existing members of the Oil and Gas Authority’s executive lineup has prompted concern about excessive pay. The recently launched OGA is offering £150,000-plus salaries for the people it needs to fill three top level posts. Two of the vacancies are in Aberdeen, with the Granite City-based regulator seeking a director for offshore exploration and production and another for technology and projects to join its top team.
The first senior appointments to the new Oil and Gas Authority (OGA) have been made. Chief executive, Andy Samuel, has selected the first of his three directors of the new regulatory body, created following Sir Ian Wood's review of the UK oil and gas industry in 2014.