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.
Malaysian oil firm Hibiscus Petroleum has completed the acquisition of stakes in two UK North Sea discoveries for £28.5 million.
New North Sea projects targeting almost 50 million barrels of oil equivalent (boe) have been approved by the Oil and Gas Authority (OGA).
The Oil and Gas Authority’s approval of two North Sea projects has given the basin an injection of “old and new” money, an analyst has said.
Zennor Petroleum will go ahead with the Finlaggan field development after the UK oil regulator approved its plans.
The Oil and Gas Authority (OGA) has given BP permission to go after 20 million barrels of oil at a field west of Shetland.
A new energy export conference is to be hosted in Aberdeen next year to present £100billion worth of project opportunities for UK companies.
The Oil and Gas Authority (OGA) has announced it will open a new licensing round, targeting up to 300million barrels of oil in an under-developed area of the North Sea.
The UK’s oil sector regulator has presented a bold vision of what the future might hold for a major terminal in Shetland.
A ‘use it or lose it’ warning has been issued as it emerged a number of top operators don’t have North Sea drilling plans.
UK North Sea oil field projects commanding capital spending of almost £2 billion have already been sanctioned this year, representing a big increase on 2017 levels, the Oil and Gas Authority (OGA) has said.
Steps have been taken in Westminster to make sure one of the key planks of the Wood Review is put in place, the Oil and Gas Authority (OGA) said.
Offshore regulator the Oil and Gas Authority (OGA) has said the industry is showing an “insatiable appetite for transparent data” following the latest licensing round.