Industry regulator the OGA (Oil and Gas Authority) said 159 onshore blocks under the 14th Onshore Oil and Gas licensing round have been formally offered to successful applicants. The blocks will be incorporated into 93 onshore licences.
The trade body for the North Sea oil and gas sector has called for the industry to back the tenets of a new charter that outlines collaborative behaviours to achieve “transformational change”.
With the Autumn Statement announced this week, Derek Leith, UK head of oil and gas taxation at EY, continues in the role of Energy Voice’s guest editor. Follow along each day as he spells out the challenges and triumphs the industry faces.
In a performance that most magicians could only dream of aspiring towards, Chancellor George Osborne delivered an alleged austerity autumn statement that both mesmerised and left red-faced the Chairman Mao little red book-waving Labour opposition.
The Treasury is abandoning the UK’s struggling oil and gas industry by failing to provide short term fiscal support, according to an industry analyst.
Leading figures from the industry and the Oil and Gas Authority (OGA), will join Oil & Gas UK at its forthcoming Breakfast Briefing, on the progress in UK Continental Shelf (UKCS) exploration and production on December 8.
UK Oil & Gas (UKOG) has completed a farm-in with Warwick Energy Exploration and Production to acquire a further 10% UK onshore Weald Basin licence PEDL143.
Oil & Gas UK chief executive Deirdre Michie has welcomed the UK Government's energy policy which has gas playing a central role in future power generation.
The Oil and Gas Authority has approved UK Oil & Gas Investments's bid acquire a 20% interest in UK onshore Weald Basin licence PEDL143.
The OGA (Oil and Gas Authority) has strengthened its board with the appointment of three new non-executive directors. Sir Patrick Brown, the chairman of the industry regulator, has approved Frances Morris-Jones, Robert Armour and Mary Hardy in the roles. Last month the OGA revealed it had completed the first phase of a £20million seismic campaign in the UKCS.
The Oil and Gas Authority (OGA) will struggle to revitalise exploration if the industry continues to haemorrhage jobs and skills, the RMT union warned yesterday. RMT also said the new regulator – launched earlier this year – could be hampered in its attempts to stimulate investment in the sector by firms undermining collective bargaining deals. And it urged the OGA to “get an early grip” on growing maintenance backlogs which threatened safety and the long-term future of North Sea production.
The Oil and Gas Authority (OGA) has completed the first stage of the UK Government’s £20million seismic campaign. The industry regulator said 20,000km of high-quality data had been acquired in under explored areas of the UKCS. The programme was completed by Schlumberger company, WesternGeco,on October 11th with almost 20,000km of new 2D seismic lines acquired over an area of 200,000km.
Young people should consider how their skills transfer to the wider energy remit, according to the boss of industry body the Energy Institute.
Serica Energy has reached an agreement with BG International and SSE to transfer equity in the Columbus field in the North Sea.
NSRI (National Subsea Research Initiative) is leading computer industry-style hackathons that it hopes will lead to ideas that can help unlock up to 1.5 billion barrels of oil from the North Sea.
Hurricane Energy is cracking on with plans to extract oil from 4,000 feet beneath the seabed after its North Sea Lancaster asset was officially designated as an oilfield. The Surrey-based company was founded in 2005 by chief executive Robert Trice to discover and develop oil from naturally fractured “basement” reservoirs in rock that was formed more than 2billion years ago. It has just achieved official oilfield status for Lancaster, located west of Shetland, from the Oil and Gas Authority (OGA).
The perception of the OGA’s role has shifted, according to chief executive Andy Samuel.
The chief executive of the Oil and Gas Authority (OGA) has called on the sector to invest in the next generation or risk perpetuating crippling sector skills gap. In the OGA’s official call to action, the industry leader said despite actions already taken in the wake of a dramatic oil price decline more significant change was needed. However, he added the sector’s “expertise, imagination and tenacity” would see it weather the storm. “Irrespective of the oil price, the UK offshore oil and gas industry needs to change,” he said.
The Oil and Gas Authority (OGA) has extended Independent Oil and Gas’ (IOG) North Sea licences as the firm looks to find more cash.
Up to 200 staff at Maersk Oil in the UK face the risk of redundancy after the company revealed plans to shut down one of its North Sea assets.
It could easily be dubbed one of the North Sea’s most important helicopter rides.
The Oil and Gas Authority (OGA) today confirmed the final bids for the 28th offshore licensing round – making it one of the largest round-ups in 50 years.
The Oil and Gas Authority (OGA) is expected to confirm the remaining licences of the 28th offshore round today.
The Oil and Gas Authority (OGA) is expected to confirm the remaining licences of the 28th offshore round today. The final tally will bring a close to one of the most active bids in 50 years.
The Oil and Gas Authority (OGA) is expected to confirm the remaining licences of the 28th offshore round today.