A UK oil industry chief said yesterday that margins needed to be “much higher” for oilfield service companies if they are to carry on operating at current levels.
The UK North Sea has a lot in common with Liverpool Football Club, an industry leader said yesterday.
A new resource has been launched to help usher in a new era of North Sea oil and gas exploration.
The Oil and Gas Authority has highlighted concerns about a lack of diversity within the North Sea energy sector.
The reduced oil price over the last 2 months (down 20%) is worrying, and it looks like the price could be between $55 and $65 this year.
The Oil and Gas Authority (OGA) will unleash a treasure trove of data to help unlock up to 300 million additional barrels from the Greater Buchan Area.
The Oil and Gas Authority (OGA) has handed it out its first licence allowing offshore exploration for the purposes of a pioneering clean energy scheme.
The UK oil industry’s regulator said today that it was “encouraged” by the response to the latest North Sea frontier licensing round.
UK North Sea operators’ zeal for production eclipsed efforts to add new reserves to the basin’s hydrocarbons basket last year, a new report said.
Serica Energy’s development plan for the Columbus field in the central North Sea has been approved by the Oil and Gas Authority (OGA).
A new report from the Oil and Gas Authority (OGA) has highlighted that the number of plugged and abandoned wells in the North Sea has overtaken fresh drilling as exploration continues to drop.
A new energy export conference is to be hosted in Aberdeen next year to present £100 billion worth of project opportunities for UK companies.
The UK’s oil sector regulator has presented a bold vision of what the future might hold for a major terminal in Shetland.
The Oil and Gas Authority (OGA) has urged North Sea operators to pick up the pace of drilling as it launches the next offshore licensing round.
The Oil and Gas Authority’s “robust approach” to regulating North Sea industry is paying off, its chief executive said.
The latest offshore licensing round shows exploration is still “alive” in the North Sea, the industry’s regulator said today.
The Oil and Gas Authority has approved two farm-in deals on a licence in the Moray Firth.
The Oil and Gas Authority has today announced that appointment of Frances Morris-Jones as its interim chair.
The amount of money being spent by North Sea operators on research for new technologies has dropped by 36% since the oil price crash.
The chairman of the UK’s energy regulator has urged the sector to “keep drilling and keep working together” as he stands down from the role.
EnQuest has announced that first oil from the North Sea Scolty/Crathes development was today achieved under budget and ahead of schedule.
The Oil and Gas Authority (OGA) has awarded a total of more than £200,000 to a trio of geoscience companies for projects aimed at boosting offshore exploration.
Industry regulator the OGA (Oil and Gas Authority) has backed an additional £20million investment by the UK Government in the North Sea oil and gas industry.
Shadow energy minister Clive Lewis has branded the new oil and gas regulator an “insolvency practitioner”.
An Aberdeen MP has hit out at "toothless" safety warnings in the oil and gas industry after a suspected gas leak on board a North Sea platform shut down production.
The head of the Oil and Gas UK Authority has said the industry in the North Sea is like an “ageing patient” that could face a “very grim” future.
The Oil and Gas Authority (OGA) today confirmed the final bids for the 28th offshore licensing round – making it one of the largest round-ups in 50 years.
The head of the Oil and Gas Authority (OGA) said yesterday he is "working tirelessly" to get the newly-minted regulator up to speed - but warned it is not a silver bullet for the troubled sector.
The Secretary of State for Energy and Climate Change has asked the new chief executive of the Oil and Gas Authority (OGA) to lead an urgent commission to identify key risks to oil and gas production in the UKCS.