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Oil and Gas UK

Events

OGUK calls for positive approach at Share Fair, reveals new initiatives

The head of Oil and Gas UK (OGUK) yesterday urged companies to drop “cynicism” and embrace the new way of working after the trade body unveiled a number of new initiatives at an annual business event. OGUK’s Share Fair aims to stoke collaboration and drum up business by giving supply chain companies a rare chance to have one-to-one interviews with operators’ decision makers throughout the day, in a format not dissimilar to speed-dating. OGUK chief executive Deirdre Michie said that while the attendance was down slightly on previous years, a turnout of 900 plus was still very good and showed the industry is trying to improve the difficult situation it finds itself in.

Events

Share Fair points to change in operator attitudes as openness prevails

Visitors to Oil and Gas UK’s annual Share Fair said the event indicated that operators’ attitudes towards the supply chain are thawing amid the oil price downturn. Delegates who participated in one-to-one interviews, more than 1,000 of which were held throughout the day, said buyers were more receptive to new ideas than had previously been the case. Jan Stander, business development manager at Trac Oil and Gas, an Aberdeen-based energy service firm, said a slight dip in attendance had helped improve opportunities to break the ice with potential clients.

North Sea

Energy Minister calls for UK Government action to support oil and gas sector

Scottish Energy Minister Fergus Ewing has called on the UK Government to make further commitments to the help the North Sea oil and gas industry and take action on protecting the stability of the oil and gas fiscal regime. In a briefing at Holyrood to politicians he said there needed to be an urgent consultation on inventives to boost further exploration in the North Sea. Ewing also urged the UK government to make a commitment there would be no tax increases for the industry and any significant policy proposals should be in consultation with both industry and the Oil and Gas Authority (OGA).

North Sea

Oil and Gas UK updates well abandonment guidelines

New guidelines have been set by Oil and Gas UK for well abandonment in a bid to increase cross-industry understanding of issues surrounding the process. The industry body has made the move in a bid to continue improving safety and performance across the UKCS (UK Continental Shelf). The first guidelines were set just over 20 years ago with input from member companies and stakeholders.