Independent Oil and Gas (IOG) has agreed to sell 50% of its southern North Sea assets, excluding the Harvey licences, to CalEnergy Resources.
north sea oil
Natural resources in Scotland have been valued at one-third of the UK's total by a groundbreaking new study.
The boss at energy service giant TechnipFMC said yesterday that the North Sea is a “tremendous laboratory” for testing new ideas and technology.
Professor Alex Kemp today said that the North Sea still has some way to go until it sees the reported end of 'lower-for-longer'.
Energy Voice has delved into its archives for this year to bring you some of the top stories from 2016.
It is highly likely that Scotland’s economy will be damaged if the UK votes to leave the EU, according to independent forecasters.
Oil and gas majors must compromise to deliver an upturn in the sector’s fortunes, an industry analyst said yesterday. Stephen Halliday, group president of consultancy group Wood Mackenzie, said the energy industry was competitive by nature and that for serious progress to be made, the sector’s leadership had to get in a room together and collaborate. It comes days after PwC published a report saying the industry needed a “change in guard at the top” to disrupt its “we’ve always done it this way” mentality.
The North Sea oil crisis is a health scare that must prompt the industry to make lifestyle changes to make it healthy for the long term rather than a fad diet soon jettisoned for old bad habit, according to a senior industry figure.
Seventies prog-rock band Jethro Tull took inspiration from the offshore industry for their 1979 single North Sea Oil, which you can watch below.
If not the oil and gas industry, then what?
With the oil price hovering at $30/bbl, it is unsurprising that some are claiming that the North Sea is dead, however they could not be further from the truth.
There is a temptation as I write this to suggest some ‘New Year’s Resolutions’ for the UK Government and their approach to the energy industry next year, but I wouldn’t want to add to their list of promises they don’t intend on keeping.
Who would be an economist?
American buyers are poised to throw lifelines to struggling small businesses in Scotland’s oil and gas industry, according to a mergers and acquisitions (M&A) expert.
OPEC's widely anticipated decision not to cut production could have far reaching consequences for the global oil markets - and the North Sea oil industry - according to experts at KPMG.
Further job losses in the North Sea are inevitable as the “challenging times“ for the oil and gas industry continue, MSPs have been warned.
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.
Total managing director Elisbeth Proust has joined the board of industry body Oil & Gas UK as part of a shake up of members.
George Osborne was accused last night of abandoning the North Sea as he announced UK oil and gas revenues are predicted to plummet by 94% this year.
Sir Ian Wood warned yesterday that the north-east faces becoming a “museum” if the region fails to secure funding from the £3billion Aberdeen City Region Deal.
Oil companies’ “slash and burn” approach to cutting the costs of their North Sea interests is putting Scotland’s offshore industry at risk, a union leader has warned Holyrood.
The Treasury is abandoning the UK’s struggling oil and gas industry by failing to provide short term fiscal support, according to an industry analyst.
As the Autumn Statement is announced this week, Derek Leith, UK head of oil and gas taxation at EY, has taken up the role of Energy Voice’s guest editor. Follow along each day as he spells out the challenges and triumphs the industry faces.
Energy Voice looks back through the archives to chart the evolution of the Forties Field, which began pumping oil 40 years ago.
The North Sea oil sector may need a further reduction in its tax bill if prices remain low, the head of an industry body has said.