Oil and gas industry challenged to rediscover ‘pioneering spirit’ to speed up transformation
The oil and gas industry has been challenged to rekindle its “pioneering spirit” in order to quicken the pace of the energy transition.
Mike Tholen
OGUK report praises operators for progress on emissions, bosses say Acorn snub won’t impact targets
UK offshore oil and gas emissions fell by 10% last year, compared to 2018, as Covid-19 sparked lower levels of activity.
Offshore Europe: Oil and gas sector ‘not doing enough’, warns UK’s top climate adviser
The oil and gas industry is “not doing enough” to fight climate change, according to the UK Government’s top adviser on the issue.
Cambo could be ‘huge spanner in the works’ for North Sea investment appetite
The cacophony around Cambo could throw a “huge spanner” into the works with regards to investment appetite in the North Sea, an industry expert has said.
UK North Sea spend to top £20bn in coming years, says OGUK report
Spend on projects in the UK North Sea is expected to top £20 billion over the next five years, a flagship study has revealed.
‘Eagerly awaited’ Hydrogen Strategy draws mixed reactions from energy chiefs
Bosses from all corners of the energy sector have shared their thoughts on the UK Government’s flagship Hydrogen Policy.
BP CEO Bernard Looney to headline OGUK conference
BP CEO Bernard Looney will headline the upcoming Oil and Gas UK (OGUK) annual conference.
North Sea Transition Deal lays foundation for innovation investment
Former Conservative prime minister Harold Macmillan’s "middle way" and New Labour’s "third way" describe an approach that seeks to occupy the "radical centre" between two extremes.
BP plans ‘UK’s largest’ hydrogen project on Teesside
BP has announced plans for what it described as the “UK’s largest” hydrogen project.
‘It feels like virtue signalling’: Industry reacts to North Sea exploration ban report
UK jobs and companies would “pay the price” if ministers agreed a ban on new North Sea exploration, according to a senior industry source.
OGUK: North Sea exploration ban would ‘risk’ net-zero future
The UK’s leading oil and gas industry trade body has said any potential ban on new exploration in the North Sea would put the country’s net zero future at risk.
Biden’s oil transition plan ‘doesn’t sound very revolutionary’ says Aberdeen Uni professor
The plan from Presidential hopeful Joe Biden plan to “transition” away from oil and gas “does not sound very revolutionary”, according to an Aberdeen University professor.
Dolphyn hydrogen project shows energy transition ‘in real time’ for Aberdeen
When developer ERM decided Aberdeen would be the home for Dolphyn, its world-first floating green hydrogen project, it said “it will put Aberdeen on the map”.
UK Government environmental standards among ‘highest in the world’ after accusations it neglected North Sea methane leak
The UK Government has said its environmental standards are “among the highest in the world” after allegations it has neglected a methane leak for 20 years.
Deepwater Horizon: North Sea was forced to ‘sharpen up’ in wake of Gulf of Mexico disaster
The Deepwater Horizon disaster forced the UK North Sea to “sharpen up its act”, reminding the sector of the “consequences of getting things wrong”, according to industry leaders.
Eye ‘must be kept’ on the decommissioning ball, experts warn
The UK oil and gas sector must be alive to the threat of rising costs in its quest to become the global expert in cost-effective decommissioning, industry experts have warned.
Necessity is the mother of invention when it comes to CCUS
If necessity is the mother of invention, the Committee on Climate Change’s “Net Zero – The UK’s contribution to stopping global warming” report should spur a jump-start for the carbon capture, usage and storage (CCUS) industry in the UK.
Ineos investment a show of faith in North Sea’s future
Ineos’ investment in the Forties Pipeline System (FPS) was hailed as a show of faith in the North Sea’s future by industry leaders.
Decom Conference: Ospar decommissioning rules ‘in the right place’, OGUK says
Industry body Oil and Gas UK (OGUK) said today that rules governing offshore decommissioning were "right, at this point in time".
Decom tax reforms would create ‘sweet spot’ for industry and Treasury
Reforming the decommissioning tax relief system would create a “sweet spot” for the UK Government and the oil and gas sector, an industry expert has said.
UK North Sea decommissioning – is a skills crisis looming?
Oil and gas industry woes have created a potential skills crisis for North Sea decommissioning, an expert has warned.
North Sea projects typically late and over budget, OGA reviews
A study of nearly sixty major North Sea oil and gas projects has shown that they are typically late and significantly over budget.
New trainee levy ‘effectively another tax on oil industry’
The interim chief executive of Opito told MPs yesterday the UK Government’s new apprenticeship levy will have “unacceptable” implications for Scotland’s oil and gas sector.
Two significant North Sea milestones in one day
Two major new milestones for the beleaguered UK North Sea oil and gas industry have highlighted resilience in the face of a downturn.
New guidance aims to help firms exploit North Sea’s small pools
Industry body Oil and Gas UK (OGUK) has published a blueprint for cutting development costs for so-called small pools in the North Sea by up to 25%.