Subsea technology and service firms could turn their backs on oil and gas work if customers keep heaping pressure on margins, an industry chief has warned.
Oil and Gas Authority
Oil and gas operators are “much more likely” to break contracts, change suppliers or alter prices than service firms in response to the downturn, according to a new study.
The Oil and Gas Authority (OGA) has agreed to extend a pair of southern North Sea licences which are expected to come under Shell’s watch.
Hurricane Energy’s boss has thanked the UK oil and gas industry’s regulator for giving the company more breathing room with its licence obligations.
A trade union boss has said offshore contractors’ plans to scrap a blanket deal covering thousands of workers went against “every principle” championed by North Sea industry.
The Oil and Gas Authority (OGA) has given the nod for a southern North Sea gas project to go ahead.
None of us have been in a situation remotely like this before. The rules and the facts are changing daily and it can be overwhelming to try to keep up with developments.
London-listed Hurricane Energy has welcomed the Oil and Gas Authority's (OGA's) pledge to help struggling companies by considering relaxing licence commitments.
The UK oil industry’s regulator has been praised for promising to take a “flexible approach” to work commitments amid the crude price rout.
A group of operators is making progress on plans to work together on the decommissioning of oil and gas infrastructure worth billions of pounds that sits east of Shetland, an industry chief said.
North Sea oilfield operators cut the frequency of their downtime by nearly 20% during the year to September 2019, according to energy services firm Glacier Energy Services.
Company disputes can cost time, money and, ultimately, get in the way of doing business effectively.
Energy Voice hosted an event to shed light on the opportunities presented by digital technology for oil and gas and energy companies.
Don’t know about you but my patience with certain politicians, the oil and gas industry and indeed a few entire countries is running just a tad thin nowadays. Why? Because I am not seeing the progress in dealing with climate change that I should be seeing.
Digital technology will be key to helping the oil and gas industry ride out a “perfect storm” of challenges facing its future, the audience heard at an event in Aberdeen last night.
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.
In March last year one of the most charismatic figures to hold office as an energy minister in the UK became chairman of the Oil and Gas Authority (OGA).
This is set to be a pivotal year for the oil and gas industry.
Following the result of the general election, we can now expect to leave the EU at the end of January, although very little will change on that date as we will move into a transitional period when existing EU rules and trade terms continue to apply in the UK.
As momentum grows for Vision 2035 and the energy industry strives towards net zero, it is widely recognised that a key part of achieving this will be through the existing workforce; retaining and retraining will create a more flexible, multi-skilled and technologically-aware workforce.
The Oil and Gas Authority (OGA) has announced a trio of appointments within its leadership team.
Aberdeen ‘energy transition park’ and net zero should ‘feature heavily’ in oil sector deal – OGA boss
Proposals for an Aberdeen energy transition park, along with a host of net zero solutions, should be at the “heart” of an incoming sector deal, according to the head of the Oil and Gas Authority (OGA).
Hague and London Oil (Halo) has moved a step closer to completing its acquisition of stakes in a southern North Sea project after receiving UK regulatory approval.
Taqa has submitted plans to decommission a 30-year-old platform in the UK North Sea.
The UK oil and gas industry’s regulator is ready to wield its powers to tackle the “transaction drag” hindering efforts to get oilfields into the right hands.