North Sea decommissioning costs were £400million lower than expected in 2018, according to a new report from the Oil and Gas Authority (OGA).
Two years after the U.K.’s largest natural gas storage site slipped into retirement, demand for new places to keep the fuel is ratcheting up.
Iran's top leader has said his country will retaliate over the seizure of an Iranian tanker by British authorities.
Chancellor of the Exchequer Philip Hammond is blocking a set of government proposals to overhaul the U.K. energy industry because of the potential spending implications for a new prime minister, people familiar with the matter said.
The U.K. is in talks with the U.S. and other allies about beefing up their military presence in the Persian Gulf to deal with the rising threat to shipping posed by Iran.
The Oil and Gas Authority (OGA) has launched the UK’s 32nd offshore licensing round as the industry seeks to restore exploration activity.
French oil giant Total announced yesterday that it would sell off a package of North Sea assets to Petrogas and HitecVision in a deal worth more than £510 million.
British special forces seized a supertanker off Gibraltar carrying Iranian oil to Syria in violation of European and U.S. sanctions against the war-torn country.
Hypothermia, falls from height and electrocution are among the injuries caused to Scotland’s windfarm workers over the last five years, according to new figures.
The focus of industry and the OGA on asset stewardship has played a vital role in the turnaround of performance across the UKCS.
One of the big challenges facing the UKCS is the need to increase the amount of exploration activity – the eight exploration wells drilled in 2018 represented the lowest level of activity since 1965, although there have been some notable recent successes such as the massive Glengorm gas discovery announced by Total in January and the technical success rate over recent years has averaged more than 50%.
Equinor’s UK boss is preparing to become the top advisor to the Norwegian energy giant’s chief executive.
Equinor has said its Lifjellet prospect in the Central North Sea could be the “one to watch” from its UK exploration campaign.
Water flowing from mountains to fjords in Norway will soon be helping power British homes, as the world's longest "interconnector" hooks up the two countries' grids.
The immediate economic consequences of the BP-Greenpeace standoff over the Vorlich field are obvious: the drilling operations are delayed and, as operations of this type are very costly, only a few days can have a considerable impact.
Statkraft AS joined with Statera Energy to build 1 gigawatt of storage in the U.K. with a backup generator fueled by natural gas, part of an effort to profit from the nation’s need to balance its power grid.
A recovering oil price drove a boost to profits for Cnooc’s operations in the UK and Ireland in 2018.
May 2019 marked the 50th anniversary of the Offshore Technology Conference (OTC) in Houston. While attendance figures may not be as high as in previous years, the event still provides a useful barometer for sentiment and activity across the oilfield service (OFS) industry.
Mega-projects in the North Sea are pushing the UK higher up Equinor’s list of priorities, according to bosses at the Norwegian energy giant.
First production from one of the UK’s largest gas fields is due in “a few days’ time”, according to the North Sea boss of Total.
Aberdeen-headquartered oilfield services firm Coretrax has announced a merger with a company in the US.
Extracting the 5.7 billion barrels of oil and gas in fields already operating would see the UK miss its climate change goals, a new report warns.
Taqa’s North Sea operation remained “robust” in the first quarter of the year, despite the wider oil firm experiencing a heavy dip in profits.
Equinor plans to breathe new life into a decommissioned gas field straddling the border between the UK and Norwegian sectors of the North Sea.
Houston's Marathon Oil reported a $174 million net profit for the first quarter that fell about 50 percent from the first three months of 2018.