The Oil and Gas Authority (OGA) has warned UK decommissioning spending will fall short of estimates over the next two years, bringing concerns of a “significant impact” on suppliers.
An Aberdeen MP has said the government “can’t continue to dither” on an oil and gas sector deal as industry leaders meet the UK energy minister later.
Hibiscus Petroleum plans to move ahead with its Marigold project in the UK North Sea next year, with safeguards against delays around Covid-19.
The Oil and Gas Authority (OGA) has slammed “poor behaviour” in the North Sea supply chain, with firms facing demands to cut rates as much as 40% “overnight”.
An industry leader has said he is "confident” of securing government backing for a sector deal and a global underwater "hub" in Aberdeen this year.
The Oil and Gas Authority (OGA) has published new research in a bid to show the continued need for North Sea resources, despite the Covid-19 pandemic.
New analysis has outlined “huge concerns” for UK taxpayers around whether oil and gas firms will be able to meet their hefty decommissioning costs, with some rising above their company market values.
Scotland’s energy minister said work to “flesh out actions” to protect jobs and accelerate the transition to low carbon fuels is underway, following the first of several industry crisis talks.
The UK’s oil regulator has unveiled plans to force North Sea operators to meet the government’s 2050 net zero goals.
Dana Petroleum has delayed the sanction of a new North Sea project due to the ongoing Covid-19 crisis.
New investment in the energy transition can be a “crucial pathway” out of the latest downturn for North Sea firms, according to the head of the Oil and Gas Authority (OGA).
A senior audit and assurance partner at Deloitte said the downturn could be a “catalyst” for change, but oil firms are first taking steps to survive the “uncharted waters”.
Siccar Point Energy has announced it will defer approval of its highly-anticipated Cambo development until the second half of next year due to the coronavirus outbreak.
The Oil and Gas Authority (OGA) has confirmed there will be no new offshore licensing round in 2020 after implementing a “temporary pause”.
A group of UK North Sea oil and natural gas producers face an ambitious government-mandated target to cut their emissions as soon as 2025 as the nation seeks to make more real its ambition for net-zero fossil fuel pollution by the middle of the century.
The North Sea energy sector is making “eye-opening” progress in the development of hydrogen power, according to top industry bosses in Aberdeen.
A new study will identify the UK’s best sites and produce a roadmap for carbon storage to help the country reach its net zero targets.
The chairman of the Oil and Gas Authority (OGA) has set out four targets for the North Sea industry to meet before a major climate conference comes to Scotland in November.
A Greenpeace climate boss has warned that "increased" North Sea protest action will take place if strong measures on tackling emissions aren’t executed by oil and gas firms.
A key figure driving the Oil and Gas Authority’s (OGA’s) digital strategy will take part in Energy Voice’s digital technology event in Aberdeen later this month.
The climate emergency is an “even more pressing challenge” for the industry than the 2014 downturn according to the Oil and Gas Authority’s (OGA) chief executive.
Chief executive Andy Samuel has confirmed the Oil and Gas Authority has not yet needed to exercise its sanctioning powers despite ‘internal debates” on whether the regulator is being stringent enough.
A dip in collaboration and some cases of a lack of trust between oil firms should be a “wake up call” to the industry, according to the head of the Oil and Gas Authority (OGA).
The Oil and Gas Authority (OGA) has set out its strategy to digitalise the North Sea with the aim of taking a slice of a $510bn global data prize.
The Oil and Gas Authority (OGA) has defended the need for more North Sea production amid “considerable interest” in its 32nd offshore licensing round.