NSTA issues warning on thousands of late payments, but £5bn of supply chain opportunities in the pipeline
North Sea operators have been told to improve after new figures exposed the number of invoices that are not being paid on time.
UKCS
An abundance of opportunity and innovation will drive next phase of UKCS’ transition journey
The UKCS oil and gas industry has weathered some tough times in its past, but the last two years have been perhaps the most challenging, and the most critical in terms of shaping its future.
North Sea activity drives Addleshaw Goddard to close ‘record’ £1bn deals in four weeks
Addleshaw Goddard has completed deal activity with a combined value of £1 billion in the last month, a record for the legal firm.
Clutch of contracts worth $110m marks stellar year for Aramark Offshore
Aramark Offshore has landed a raft of global contracts worth more than $110 million, as widespread market testing offered a major COVID bounceback.
Ithaca Energy picks COSL Drilling Europe for Abigail and phase two of Captain
COSL Drilling Europe has landed a deal with Ithaca Energy for work in the central North Sea.
Stark figures show North Sea gas production could be on course to wrap up by 2030
As the UK finds itself in the midst of a gas crisis, stark figures have shown that North Sea production could be on course to wrap up by the end of the decade.
Tailwind sells Conwy field in East Irish Sea to Italian firm Eni
UK oil and gas firm Tailwind Energy has sold its 100%-operated interest in the Conwy field to the British subsidiary of Italian oil firm Eni.
Exploration drilling activity expected to recover in 2021, says Westwood Global
Offshore drilling activity on the UK Continental Shelf (UKCS) is expected to recover in 2021 with a dozen potential exploration wells identified.
Maersk Training invests seven figures into Aberdeen
Maersk Training has recently announced a significant investment of $1million into its UK business, headquartered in Aberdeen.
UKCS exploration drilling on course for record low in 2020, Westwood Global says
UK offshore exploration drilling is on course to slump this year to its lowest level since companies starting scouring the North Sea for oil in the mid-1960s.
CGG completes first phase of largest ever seafloor survey in UK Central North Sea
CGG has announced the completion of the first phase of its largest ever seafloor survey in the UK central North Sea (CNS).
UKCS activities can deliver 60% of country’s decarbonisation targets
The UK continental shelf (UKCS) has a “significant role” to play in helping governments achieve their net zero targets in the coming decades, a new report said.
Production efficiency on UKCS hit Holy Grail of 80% for 2019
Oil and gas bosses have praised the industry’s “continuing efforts” after production efficiency on the UK Continental Shelf hit the Holy Grail of 80% last year.
Resources at Total’s major Glendronach discovery cut by 40% following appraisal
One of the largest offshore discoveries in UK waters of the last decade has had its recoverable resources cut by 40% following an appraisal well.
Simmons predicts ‘renewed optimism’ will drive oil and gas deals in 2020
A renewed optimism in oil and gas will drive M&A activity forward in the new year, a top north-east dealmaker has said.
Oilex in deal to buy stakes in East Irish Sea discoveries
Australian firm Oilex has entered into an exclusivity agreement with Koru Energy to buy up to a 50% of the Knox and Lowry, and Whitbeck gas discoveries in the East Irish Sea.
Reacting fast to a growing skills shortage
Investing in technology and boasting a wealth of highly competent inspectors and technicians, Bilfinger Salamis UK’s inspection department delivers quality services to clients across north-west Europe.
Predictive maintenance the key to UKCS life extension
Industry buzz continues to grow around predictive maintenance (PdM), which is seen as a significant contributor to improving efficiency in the oil and gas sector.
Exploro opens base in Aberdeen
A Norwegian geological and geophysical market leader has underlined its commitment to the future exploration of the North Sea by opening an office in Aberdeen to serve its existing and new clients on the UKCS.
We need to look ahead
As many prepare to head across to Houston for 50 years of OTC, it’s worth noting that, while there will be a Golden Anniversary Gala Dinner to mark that milestone, the opening session of the conference is about the next 50 years for our industry.
Where does the UKCS go from here?
It’s 2035.
Prof Kemp raises North Sea production forecast by 4bn barrels in ‘bullish’ new report
Aberdeen University researchers have predicted a huge improvement in the UK North Sea’s prospects in a new report.
OGA to give explorers another jolt with data packs
The Oil and Gas Authority (OGA) has unveiled its latest initiatives to boost exploration activity in the North Sea.
Neptune boss on North Sea recovery: ‘I didn’t expect to be back so quickly’
Jim House, CEO of Neptune Energy, said today at Oil and Gas UK’s Business Outlook breakfast that he “didn’t expect to be back so quickly”; a sign that a North Sea oil recovery is in full swing.
M&A exceeds $8billion for 2017 as confidence returns to North Sea
The merger and acquisition (M&A) activity within the North Sea has surpassed $8billion in 2017, an indication that confidence is gradually returning to the North Sea.