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North Sea

Video

Video: Deep sea creatures captured by ROV cameras

We've looked through our archives following on from the success of yesterday's rare shark video and found some other deep sea creatures captured on film around the world. The video gallery includes a mesmirising video of a whale investigating the ROV 3,000 metres below the sea surface. The videos are available to watch below.

Oil & Gas

Cultural shift is needed in the North Sea, Deloitte says

Oil and gas firms need a "cultural shift" to make the most of the North Sea's potential, according to a new report. Business advisory firm Deloitte says new regulator the Oil and Gas Authority (OGA), the UK Government and companies should adapt to "a new reality in the basin". Research by Deloitte into the industry’s reaction to Sir Ian Wood’s Maximising Recovery Review showed strong support for the OGA as well as a stable, simple and internationally competitive tax regime.

Video

Video: Flights from the North Sea

This video shows the daily complexities of air traffic across the UK - with an overview of the daily flights which take place from the British mainland to the North Sea. The video, UK 24, was created by NATS and pays close attention to the flights paths from the UK mainland to offshore platforms.

Oil & Gas

UK government provides £750m in North Sea tax breaks

The UK Government is providing £750 million a year in tax breaks to North Sea oil and gas, despite a pledge five years ago to end fossil fuel subsidies, campaigners said. A further £414 million in public money is going into fossil fuel exploration overseas from Siberia in Russia to Brazil, India and Nigeria, a report by the Overseas Development Institute and Oil Change International said. The organisations accused the UK Government of providing a total of £1.2 billion in subsidies a year despite signing up to a pledge by G20 countries in 2009 to phase out fossil fuel subsidies. Since then, generous tax breaks have been provided to international energy giants to explore in riskier, deep-water fields in the North Sea, they said.

Oil & Gas

Gas injection could be used at Huntington field

British power and gas company E.ON is considering the use of gas injection at its Huntington field after restrictions were imposed by the Central Area Transmission System (CATS). In a production update for the month by Norwegian energy company, Noreco, they said production from the field had been reduced “significantly” as a result. The company said in the short-term gas injection was being considered this month.

Markets

Talisman sees cash flow and North Sea production dip

Talisman Energy has seen its cash flow drop by 11% from the last quarter. The firm dipped oil prices and lower liquid volumes fro the fall. Talisman said its North Sea production averaged at 12,000BOED, which was down 37% from the previous quarter and 43% year-over-year. The dip in production was a result of planned turnarounds at Claymore, Piper, Buchan and the Bleoholm FPSO.

Europe

Fighting for a North Sea future that should be great

“If you look at the assets that we’ve held the longest, like Thistle, the Dons where we have the (FPSO) Northern Producer, and Heather, we’re having a very good year,” says Enquest’s North Sea president, Neil McCulloch. “We’re doing well on the regulatory side of things too; had inspections around our facilities this year . . . some of the oldest in the North Sea. “While you never get an entirely clean bill of health, we’ve done very well with no prohibition notices, no improvement notices; just some support for the way we go about our business. It’s about doing simple things very well, repeatedly. And that’s a core value at Enquest.

Oil & Gas

Cygnus gas field to support 1,500 Scottish jobs

A North Sea gas field is set to create 1,500 Scottish jobs and boost the UK economy £1.3billion, it has been announced. Oxford University has released a report into the huge Cygnus gas project, which started drilling at its North Sea site yesterday.

DOT

DOT: Deepwater to revitalise the North Sea

The chief executive of oil and gas facilitator ITF said techniques used in deepwater could also be beneficial to the oil and gas industry in the North Sea. Dr Patrick O’Brien spoke on the final day of Deep Offshore Technology International 2014 (DOT) about the potential techniques which could be used to find more energy sources in the UKCS.

Health, Safety & Environment

Call for safety review after North Sea evacuation

Calls have been made for a safety review after a blaze on a cargo ship carrying radioactive waste forced the evacuation of a North Sea oil platform. The Danish ship, MV Parida, suffered a fire in one of its funnels on Tuesday evening and the crew shut down the engines as they tried to carry out repairs.

Oil & Gas

Job fears at Dana after Koreans axe four top bosses

Four top bosses have been sacked by Dana Petroleum in a brutal restructure which has staff fearing for their jobs. The oil and gas firm confirmed last night that it has “removed” four managing directors, including Paul Griffin, chief of its UK operations. Netherlands boss Nick Dancer, Egypt boss Paul Barnett and Africa boss John Downie have also gone.