North Sea costs on the rise, report says
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.
OGA
RGU institute director joins transition debate at Energy Voice event
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 kicks off Glendronach appraisal in West of Shetland
Total has started drilling an appraisal well at its Glendronach discovery in the West of Shetland.
North Sea producers adopting US shale philosophy
The U.S. oil boom changed the petroleum industry forever. Now its philosophy is being adopted by conventional producers in the North Sea.
OGA releases policy position in ‘support’ of energy transition
The Oil and Gas Authority (OGA) has published its white paper on the organisation's role in the energy transition.
Oil boss says industry must ‘avoid annihilation’ as climate change debate heats up
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.
Supply chain needs ‘much higher margins’, OGA chief says
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.
Big hitters to speak at OGUK annual conference
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.
Tackling North Sea talent shortages
The North Sea is a mature oil and gas basin, which has seen its fair share of hard times over the last few years.
MP calls out North Sea firms over ‘delayed payments’ to contractors
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.
Shell receives £113m UK tax refund in 2018
Oil giant Shell received a £113 million tax refund from the UK Government in 2018.
Former energy minister appointed OGA chairman
A former UK Energy minister has been appointed as the new chairman of the North Sea industry regulator.
North Sea leaders ‘lacking confidence’ to plan long-term, says OGA
Industry leaders are “often lacking” confidence to look beyond the current cycle in the North Sea, the regulator has warned.
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.
OGA’s Data Repository being piloted ahead of public launch
A new scheme to rekindle activity in the North Sea is being phased in to the industry today.
OGA ‘concerned’ about industry’s lack of diversity
The Oil and Gas Authority has highlighted concerns about a lack of diversity within the North Sea energy sector.
More clarity on the way for North Sea decom costs, says OGA
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).
OGA must be ready to apply ‘use it or lose it’ powers
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.
Industry must improve drilling costs in 2019, says OGA chief
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.
Scots energy minister touts possibility of exploration incentives
Scottish and UK ministers could join forces to create incentives for stimulating North Sea exploration.
Updated: Chevron gets the nod for ground-breaking North Sea project
Oil giant Chevron will forge ahead with a pioneering scheme on a North Sea field it is attempting to offload.
OGA issues first CO2 license to St Fergus project
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.
OGA will take ‘dim view’ if drilling remains subdued, chief says
The North Sea oil and gas industry in 2018 gave investors a clear sign of the “massive value” it can still deliver.
All’s well that ends well as long as the exit’s efficient
More than 7,800 wells were drilled on the UK continental shelf over the 50 years through to the end of 2017.
Number of abandoned wells overtakes fresh drilling, says OGA report
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.