Britain's oil and gas industry could stretch long into the second half of this century after oil giant BP announced further exploration west of Shetland.
Oil giant BP unveiled a reorganisation of its oil and gas production operations yesterday, reversing a change after the Gulf of Mexico spill.
If new technology is not developed fast enough the life of the North Sea oil and gas industry could be shortened, a leading boss warned yesterday.
Developers of oil and gas technology are calling on major North Sea operators to work closer together to find solutions to technology issues as they prepare to gather for the fifth ITF technology showcase next week.
The £700million Kinnoull project which will extend the life of a North Sea installation by a decade has moved a step forward.
In 1985, BP's North Sea regional president Trevor Garlick started his first job with the energy firm; in Norway out of Stavanger.
Industry body Oil & Gas UK today announced new appointments at its expanded board.
THE UK boss of oil giant BP is due to reaffirm its plans to maintain its North Sea production until 2030 - if not increase it - at a business gathering in Aberdeen this morning.
A FIELD capable of supplying 3% of the UK's gas needs has taken a step closer to coming on stream, BP said yesterday.
Approval for a major North Sea development, worth up to £700million was announced at Offshore Europe today.
The subsea sector is on the crest of a wave of growth but is facing a dearth of funding into research and technology, the opening breakfast at Offshore Europe was told yesterday.
A boss at oil giant BP last night stressed the continued importance of the North Sea region to its operations.
Energy giant BP said yesterday it was to sell off its stakes in most of the company's oil and gas operations south of the border.