North Sea must avoid early decomm “tragedy”, government warned
The UK Government has been warned a rush to early decommissioning in the North Sea could result in "tragedy" for the future development of carbon capture and storage (CCS) technology.
The UK Government has been warned a rush to early decommissioning in the North Sea could result in "tragedy" for the future development of carbon capture and storage (CCS) technology.
Emerson has netted a contract for Maersk Oil's Culzean gas field development in the North Sea.
A director at Eni said its Goliat oilfield project could still be profitable even below $50 a barrel oil.
U.K. oil producers, beset by low crude prices and some of the highest operating costs in the world, are likely to get some respite Wednesday when Chancellor of the Exchequer George Osborne sets out his annual budget.
Scotland’s Deputy First Minister has warned the Chancellor against continuing to pursue “unnecessarily stringent fiscal targets” ahead of the Budget on Wednesday. John Swinney urged George Osborne to instead use limited borrowing to stimulate economic growth, after the Chancellor paved the way for fresh spending cuts, stating that savings equivalent to 50p in every £100 the Government spends need to be found by 2020.
Oil and gas experts at international law firm Pinsent Masons are calling for a package of North Sea concessions to be unveiled by Chancellor George Osborne during this week’s Budget.
Xcite Energy is in a race against financial fall-out as it tries to avoid becoming the latest casualty amid the continued low oil price.
Aberdeen MSPs criticised the “derisory” city region deal today (Sat) as they called on the UK Government to do more to support the north-east during the oil and gas downturn.
First Integrated Solution has secured a service centre deal with RidgeGear.
Petrofac has been appointed as duty holder to support North Sea incomers Anasuria Operating Company Limited in a deal worth $250million, securing 65 jobs.
North Sea projects are backed up like planes waiting to land at Heathrow, according to Amec Foster Wheeler (AFW) senior executive John Pearson.
North Sea Super Puma helicopters must all be modified after the European Aviation Safety Agency (Easa) highlighted a potential hazard for emergency evacuations.
CNR International said all crane operations on the Murchison platform have been suspended after "significant" damage was caused to a crane yesterday.
An investigation has been launched by CNR International after an incident during a lifting operation on the Murchison platform.
The Chancellor slashing North Sea taxes in next week's Budget is not the answer for steadying the sector's financial course, according to a financial expert.
Environmental pressure group Greenpeace has launched a protest against drilling being carried out by OMV in the Barents Sea.
Halliburton has made job cuts in the Norwegian sector.
Revenues from North Sea oil and gas fell by more than 50% last year, with Scotland having a higher rate of fiscal deficit than the rest of the UK, new figures have revealed. The Scottish Government published its latest data on revenue and expenditure, which showed a deficit of £14.9 billion for 2014-15, when a geographic share of North Sea revenues is allocated to Scotland.
PwC today echoed Oil and Gas UK's call for sweeping tax changes for the industry.
Collaboration: what does it mean to you?
Premier Oil Plc advanced the most in almost three weeks after the North Sea explorer told the Financial Times it’s planning to merge operations with some rivals to cut costs.
Norwegian operator Statoil and Shell have decided to put the concept selection process for the Bressay field on the UK Continental Shelf.
Industry regulator the OGA (Oil and Gas Authority) has outlined its corporate plan for the next five years.
MPs from across the regions which make up the North Sea offshore industry joined forces yesterday to ramp-up the Budget pressure on George Osborne. The chancellor was warned repeatedly of the need to support the oil and gas sector through the downturn and help it thrive in the long term.
The North Sea oil and gas industry is “drowning in a tsunami of supply”, a Conservative MP warned today.