Oil major BP is celebrating the start of production from Quad 204, one of the largest field redevelopments in North Sea history.
oil & gas UK
A plan to help maximise the value of North Sea decommissioning for small to medium-sized firms has been published by the Scottish Government’s economic development agencies.
The Press and Journal’s long standing energy editor was handed a special award at a glittering ceremony hosted by the oil and gas industry’s leading trade body.
The chief executive of industry body Oil and Gas UK has said the sector is “very much” open for business in a letter to the Energy and Climate Change Committee.
The UK oil and gas industry may be gripped by a downturn but a lot of positivity has emerged from the two-day conference organised by trade body Oil & Gas UK (OGUK) in Aberdeen.
As an industry we are going through a tough time – and all indications are pointing towards it staying that way. With the value of our product having plummeted to just over $30 a barrel and respected commentators suggesting it’s going to be lower for longer than we might hope, the fear is that it may get worse before it gets better as globally some $400 billion has been cut from E&P budgets.
New guidelines to improve efficiency and reliability during planned maintenance shutdowns of offshore installations has been launched by industry trade body Oil & Gas UK.
Nominations are now open for the ninth annual Oil & Gas UK awards evening.
Last month, Oil & Gas UK held its Annual Conference – with the aim of bringing the industry together, to recognise the challenges that face us and to focus on the way ahead.
Oil & Gas UK (OGUK)’s annual conference, which focused on the next 40 years of the offshore industry and attracted more than 500 people, ended with the launch of an animation celebrating the sector’s achievements to date. The short infographic celebrates 50 years of exploration for oil and gas in the UK North Sea and the production that has been achieved over four decades.
Trade body Oil & Gas UK has extended the deadline for nominations for its annual awards by one week to allow entrants more time to share their stories.