The Oil and Gas Authority (OGA) has forecast that the number of suspended wells in the UK North Sea will surge beyond 1,550 within five years.
Oil and Gas UK
A ban on future exploration licences would “undermine the fragile confidence” within the oil and gas sector, an industry expert has warned.
UK jobs and companies would “pay the price” if ministers agreed a ban on new North Sea exploration, according to a senior industry source.
The UK’s leading oil and gas industry trade body has said any potential ban on new exploration in the North Sea would put the country’s net zero future at risk.
An industry chief is optimistic that government policies axing support for fossil-fuel-related export activity still give scope for the oil sector to “have its cake and eat it”.
Business leaders, including former Liberal Democrat leader Sir Vince Cable, have welcomed a £30million-plus Budget package for the Aberdeen energy sector.
The rapid transition under way in energy means that now more than ever the sector must grasp the opportunities presented by technology.
Poor commercial behaviours that blighted the North Sea oil industry during the 2014-16 downturn were increasingly on display in 2020, a new report shows.
North Sea operators have shelved more than half a billion pounds of decommissioning spending, according to a new report from Oil and Gas UK (OGUK).
A North Sea trade union boss has warned the oil industry is “teetering on the brink” due to a lack of activity and investment in the basin.
It’s hoped a new first of its kind survey will give a "much-needed" insight into diversity and inclusion (D&I) in the oil and gas industry.
Industry body Oil and Gas UK (OGUK) said today it is seeing “very worrying signs” for employment in the North Sea sector.
More than 20 North Sea oil industry big hitters are rallying behind a new collective deal for workers ahead of a critical deadline this week.
A union boss said yesterday that the difficulty of balancing platform maintenance backlogs against the risk of Covid-19 outbreaks was putting North Sea workers in a “dangerous situation”.
North Sea safety bosses have insisted the oil and gas industry is “still in control”, despite a recent resurgence of Covid-19 offshore.
In February I wrote about the challenges and opportunities of the energy transition, prompted by a speech by Oil and Gas Authority chairman Tim Eggar.
A trade union boss has suggested creating a “job share” scheme to help safeguard North Sea oil industry workers’ positions until offshore activity ramps up next year.
A proposed new North Sea collective bargaining agreement will level the playing field for service companies and give workers more protection during turbulent times, industry chiefs said.
North Sea helicopter bosses created some turbulence of their own last month with eyebrow-raising statements about competition and pricing pressures.
The North Sea oil industry’s old guard is concerned that the sector’s regulator is “losing balance” as a result of its efforts to help government meet net-zero targets, a top boss has claimed.
Over eight actions identified by the UK’s offshore oil and gas industry as essential if it is to realise a successful future in a lower carbon future have already been delivered, with a further 20 underway, despite the pressures heaped on the sector by the coronavirus pandemic.
Representative body Oil and Gas UK (OGUK) has welcomed bosses from BP, Neptune Energy and CHC Helicopter onto its board.
The drive to ensure the UK oil and gas sector is taking collective action to stimulate its own recovery will be thrown into focus in an industry webinar next week.
Making asymptomatic testing available for all offshore workers could be critical in ensuring the industry can meet increased energy demands during the winter months, according to safety bosses.
An offshore safety boss has blamed a local outbreak in Aberdeen for a rise in the number of North Sea workers that have come into contact with people showing symptoms of Covid-19.