The UK oil and gas industry must not “revert back” to pre-downturn inflation, its regulator warned yesterday after a new report showed costs were on the rise.
North Sea oil and gas industry veteran Paul de Leeuw will take part in a panel debate on the sector’s biggest challenge to date — the energy transition.
Total has started drilling an appraisal well at its Glendronach discovery in the West of Shetland.
The U.S. oil boom changed the petroleum industry forever. Now its philosophy is being adopted by conventional producers in the North Sea.
The Oil and Gas Authority (OGA) has published its white paper on the organisation's role in the energy transition.
The oil and gas sector needs to “avoid annihilation” in the climate change debate and stop apologising for its products, an industry veteran said yesterday.
A UK oil industry chief said yesterday that margins needed to be “much higher” for oilfield service companies if they are to carry on operating at current levels.
Oil & Gas UK today confirmed the line-up for the opening day of its annual conference, being held at Aberdeen’s Exhibition and Conference Centre from June 4-6.
The North Sea is a mature oil and gas basin, which has seen its fair share of hard times over the last few years.
A north-east MP has penned a concerned letter to the Oil and Gas Authority (OGA) claiming small and medium oil contractors are being "undermined" through delayed payments.
Oil giant Shell received a £113 million tax refund from the UK Government in 2018.
A former UK Energy minister has been appointed as the new chairman of the North Sea industry regulator.
Industry leaders are “often lacking” confidence to look beyond the current cycle in the North Sea, the regulator has warned.
Ineos’ investment in the Forties Pipeline System (FPS) was hailed as a show of faith in the North Sea’s future by industry leaders.
A new scheme to rekindle activity in the North Sea is being phased in to the industry today.
The Oil and Gas Authority has highlighted concerns about a lack of diversity within the North Sea energy sector.
More clarity is expected on North Sea decommissioning costs by the end of the month, according to the chief executive of the Oil and Gas Authority (OGA).
The reduced oil price over the last 2 months (down 20%) is worrying, and it looks like the price could be between $55 and $65 this year.
2018 has been a busy and encouraging year with many positive developments; the OGA continues to have a high focus on asset stewardship and clear expectations of industry. Today the UKCS produces over 1.6 million barrels a day, production efficiency has increased for a fifth consecutive year and efficiency efforts are being sustained.
Scottish and UK ministers could join forces to create incentives for stimulating North Sea exploration.
Oil giant Chevron will forge ahead with a pioneering scheme on a North Sea field it is attempting to offload.
The Oil and Gas Authority (OGA) has handed it out its first license allowing offshore exploration for the purposes of a pioneering clean energy scheme.
The North Sea oil and gas industry in 2018 gave investors a clear sign of the “massive value” it can still deliver.
More than 7,800 wells were drilled on the UK continental shelf over the 50 years through to the end of 2017.
A new report from the Oil and Gas Authority (OGA) has highlighted that the number of plugged and abandoned wells in the North Sea has overtaken fresh drilling as exploration continues to drop.