Talon Petroleum aims to grasp more North Sea licences
Australia’s Talon Petroleum has announced plans to boost its acreage in the UK North Sea.
Oil and Gas Authority (OGA)
New law ‘making an impact’ on North Sea business
A leading petroleum economist has said there are “positive signs” that a new law is making an impact on North Sea deals, a year on since it came into effect.
Decommissioning is ‘all in the timing’
A couple of years ago, outgoing US energy secretary Rick Perry was mocked for a verbal gaffe.
North Sea project consents lagging behind OGA estimates
The number of North Sea projects approved so far this year is well below Oil and Gas Authority predictions, according to a leading analyst firm.
North Sea must reduce 30-year wait for discoveries to be produced – OGA
North Sea operators must reduce the almost 30-year window it takes to bring new discoveries to development, according to a new report.
Chrysaor and co gear up for wells conference
The 2018 Wells Insight Report, published by the Oil and Gas Authority, stressed the large potential available from intervening in the UK Continental Shelf well stock.
Carbon capture goals ‘remarkably achievable’ says OGA boss
The chief executive of the Oil and Gas Authority (OGA) has claimed the UK’s goals for a crucial new climate change technology are “remarkably achievable”.
Tech innovation has driven North Sea in 50 years since West Sole
In the 50 years since the first gas discovery in the West Sole field, technological innovation has driven exploration and production in the UK North Sea.
OGA orders Cuadrilla to shut down Lancashire fracking site due to seismic event
The Oil and Gas Authority (OGA) is understood to have ordered a suspension of work at Cuadrilla's Lancashire fracking site over concerns surrounding a recent large-scale seismic event.
New tool to add ‘millions’ of barrels to North Sea production
A new tool has been launched which will help companies produce millions of extra barrels of oil through their North Sea operations.
OGA completes ‘key priority’ of Wood Review with mapping project
The Oil and Gas Authority (OGA) has completed a “key priority” of the review which led to its creation in 2015.
Untapped ‘clusters’ present two billion barrel prize for North Sea
The North Sea energy industry could recover another two billion barrels of oil if operators can collaborate on untapped discoveries, according to a new study.
Key North Sea geologist to retire after 40 years of service
A geologist who became the UK North Sea industry’s first point of contact for offshore licensing matters is retiring after 40 years in the civil service.
OGA hands out awards for Greater Buchan Area licensing round
A handful of firms have been awarded blocks in a specific offshore licensing round to develop the Greater Buchan Area in the North Sea.
Faroe Islands opens 5th oil and gas licensing round ‘in tandem’ with OGA
The Faroe Islands Government has announced today that it has opened its 5th oil and gas licensing round, which will run in tandem with the UK's recently opened round.
OGA launches 32nd licensing round in bid for exploration bounce back
The Oil and Gas Authority (OGA) has launched the UK’s 32nd offshore licensing round as the industry seeks to restore exploration activity.
Focus on assets has been ‘vital’ in North Sea’s improved performance, says OGA
The focus of industry and the OGA on asset stewardship has played a vital role in the turnaround of performance across the UKCS.
31st licensing round maps: Who won what?
The Oil and Gas Authority (OGA) has awarded exploration and production rights to a range of operators in its latest North Sea licensing round.
Oil and gas sector deal ‘unlikely’ after ministers reject report
A sector deal for the oil and gas industry is now “unlikely” after ministers rebuffed the recommendations of an influential Commons committee, it has been claimed.
Data Repository deals with number of needs
The launch of the UK’s inaugural National Data Repository (NDR) for petroleum-related information saw the unveiling of a key piece of the UK’s digital infrastructure, complementing the existing National Geological Repository for core and samples.
How a changing breed of investor in the North Sea has led to a re-modelling of legal services
Private equity's lean machines are demanding a shake-up of traditional legal service delivery – particularly in the margin-sensitive oil and gas sector. Stuart Carter, head of oil and gas at Fieldfisher, looks at how law firms are responding to the market's changing needs.
Clarity needed on decommissioning costs, say MPs
Significant uncertainty remains over the multibillion-pound cost to the taxpayer of decommissioning offshore oil and gas assets, MPs have said.
OGA launches data resource to make North Sea ‘world leader’
A new resource has been launched to help usher in a new era of North Sea oil and gas exploration.
OGA to research powering North Sea assets with renewables
The Oil and Gas Authority (OGA) today revealed it has begun research into powering North Sea oil and gas assets with renewable energy sources.
OBR lowers forecast for UK oil and gas revenues
A new report has lowered forecasts for UK oil and gas revenues by an average of £600million per year to 2024.